North Carolina Sports Bettting Expansion Gains Support

North Carolina Sports Bettting Expansion Gains Support

North Carolina sports betting

Although North Carolina has a few alternatives for retail sports betting, efforts to legalize mobile betting on a statewide basis persist.

The Expansion of Sports Betting Bill Gains Traction

In the years since the Supreme Court of the United States threw down PASPA in 2018, a number of states have legalized and launched various forms of sports betting. While many states allow retail as well as mobile sports betting, some, such as North Carolina, offer exclusively retail betting alternatives. Yet, this is likely to change as a proposal in the state seeks to extend the sports betting sector in the state.

The Commerce Committee of the North Carolina House of Representatives approved House Bill 347 (HB 347), by a vote of 17 to 10, on Tuesday. This does not indicate that the idea is close to becoming legislation, but it is a significant step in the right direction.

In addition, Bill 347 has the support of both Republicans and Democrats, which may facilitate its passage via the parliamentary process. Bill 347 proposes the introduction of ten to twelve online sportsbooks to expand the sports betting business in the state. This would allow bettors who are physically located inside the state’s borders and are at least 21 years old to place wagers using computers or mobile devices.

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The proposed legislation expands retail wagering.

The proposal proposes for the introduction of retail betting venues near stadiums, arenas, and racetracks, in addition to online sports betting providers. The law proposes the establishment of temporary gambling outlets during golf tournaments to accommodate bettors interested in making wagers on the sport.

The plan will likely contribute to the development of a robust and competitive market for sports betting. Under House Bill 347, a 14% tax would be charged on online sportsbooks. It is anticipated that the tax income will contribute to a variety of state-wide sports programs. In addition, a portion of the earnings would go towards the treatment of problem gambling.

The Associated Press recently conducted an interview with Rep. Zack Hawkins, one of the new proposal’s authors and a proponent of betting growth. He noted that gambling is viewed as a vice, which explains why opponents of the initiative are opposed to the increase in betting.

Hawkins stated, however, that betting currently occurs in many locales and online, so it would be reasonable to press for expansion and use tax proceeds for good. Ultimately, he admitted that collecting taxes on gambling is no different than collecting taxes on cigarettes and alcohol.

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About Lou De Aguila

Lou Aguila is a news and feature writer for Golden Casino News. For over a decade, Lou has published news and featured articles for some of the most reputable sports betting and online casino sites in the world, including BetNow.UK, VegasOdds, and BWin. Apart from being a hardcore live casino punter, he also covers sports stories in North American leagues from time to time.