North Carolina government cashed in early when it came to reaping fiscal benefits from authorized sports wagering in the ninth-largest state. A report presented Wednesday to the North Carolina State Lottery Commission, which regulates the betting, says the state expects to have collected $131.3 million in taxes from sports betting operations for the first full year of operations through March 10. The calculation is based on the law’s 18% rate upon gross wagering revenue, which is essentially betting revenue minus paid winnings.Read More
North Carolina government makes big tax revenues quickly from first year of sports betting
