New York and North Carolina lawmakers propose sports betting restrictions and tax rises
Lawmakers in New York and North Carolina proposed changes to sports betting rules, according to reports. New York Assemblyman Robert Carroll introduced a bill for a $5,000 daily wagering cap, while North Carolina legislation would raise the tax rate from 18% to 36%. The New York proposal also includes deposit limits and advertising restrictions.
The proposals could change betting limits, customer requirements and tax costs for operators in both markets.