Lawmakers considering raising taxes on sports betting operators
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THERE'S A NEW IDEA ON THE TABLE
TO ADDRESS RISING COSTS IN
NORTH CAROLINA, RNC CAPITAL
TEAM REPORTS LAWMAKERS ARE
CONSIDERING RAISING TAXES ON
SPORTS BETTING WHO SAY
GOVERNMENT REPORTER CAROLINE
YA, FOLKS, PLANES, WHAT IT
COULD MEAN FOR SPORTS BETTERS.
>> WE'RE DAYS AWAY FROM THE
CAROLINA HURRICANES FACING OFF
IN THE EASTERN CONFERENCE
FINALS. THE LENOVO CENTER WILL
BE PACKED AND FANS WILL HAVE
ANOTHER OPPORTUNITY TO BET ON
WHO MIGHT WIN IN PURSUIT OF THE
STANLEY CUP. SPORTS BETTING IS
BOOMING HERE IN RALEIGH AND
LAWMAKERS ARE WONDERING IF THEY
CAN GET MORE FROM ITS SUCCESS.
PEOPLE FAMILIAR WITH BUDGET
NEGOTIATIONS SAY LAWMAKERS ARE
WEIGHING PROPOSALS TO INCREASE
TAXES ON SPORTS BETTING
OPERATORS. OPPONENTS SAY IT
COULD LEAD TO MORE EXPENSIVE
BATS AND WORSE ODDS FANS ARE
DIVIDED ON WHETHER BETTING
SHOULD BE LEGAL AT ALL. IF YOU
SAY LIKE SOCIETY TOGETHER IN A
WAY, IT'S LIKE A WAY THAT THE
MELBOURNE AND I RELATE TO EACH
OTHER. I MEAN, GAMBLING IN
GENERAL IS A VICE.
>> AND IT SHOULD BE AVOIDED AT
ALL COSTS TAX DOLLARS FROM
BETTING GOES TOWARDS YOUTH
SPORTS, EDUCATION, COLLEGE
ATHLETICS AND GAMBLING
ADDICTION PROGRAMS AND A TAX
INCREASE ON OPERATORS CAN HELP
FUND OTHER PROGRAMS. AND YOU
CAN DO A LOT OF GOOD WITH THAT
MONEY.
>> YOU CAN FIND A LOT OF
TREATMENT FOR THAT MENTAL
HEALTH PROBLEMS AND WE CAN LEAD
TO ACTION THAT'S ASSOCIATED
WITH THE SPORTS BETTING
WEBSITES RIGHT NOW. OPERATORS
PAY AN 18% TAX ON REVENUE SINCE
LAUNCHING IN 2024. NORTH
CAROLINA HAS COLLECTED MORE
THAN
287 MILLION DOLLARS. NOW NORTH
CAROLINA LAWMAKERS ARE
DISCUSSING WHETHER TO INCREASE
THAT RATE AS HIGH AS 30%
>> AND EVEN WEIGHING POSSIBLE
NEW TAXES TIED DIRECTLY TO
BETTS OR LOTTERY SALES. BETTING
OPERATORS OPPOSED THE IDEA
SAYING INCREASE TAXES WOULD
LIKELY BE PUSHED DOWN TO
CUSTOMERS. LEGISLATIVE LEADERS
HAVE NOT RESPONDED TO OUR
QUESTIONS. NO DECISIONS HAVE
BEEN MADE. AND NEW DETAILS HAVE