North Carolina budget plan would allocate sports betting tax revenue to two universities
North Carolina lawmakers have reportedly agreed to expand the allocation of sports betting tax revenue to include the University of North Carolina and North Carolina State University. The budget framework would also raise the operator tax rate from 18% to 23% from 1 July, but the measure still requires final approval and the governor’s signature.
The proposed changes could alter sportsbook tax costs and how state betting revenue is distributed to universities.