North Carolina lawmakers propose 23% online sports betting tax
North Carolina lawmakers advanced a tax package that would raise the online sports betting tax from 18% to 23% and require operators to report customers who win more than $2,000 from bets. The proposal is expected to receive Senate approval before going to Governor Josh Stein; industry representatives warn the higher tax could reduce promotions and worsen odds.
Operators may need to reassess pricing and promotional offers if the proposed tax increase takes effect.