North Carolina lawmakers are considering an increase in the state's sports betting tax rate as part of ongoing budget negotiations, following stronger-than-expected revenue collections since online wagering launched in March 2024.
Currently, the state taxes gross wagering revenue at 18% across eight licensed sports betting operators. The market has seen significant growth since legalization, with revenue exceeding $287 million. The proposed tax hike aims to capitalize on this success and boost state revenue further.
