North Carolina Gov. Josh Stein signed the state’s $34 billion fiscal 2025-26 budget on Tuesday, raising the online sports betting tax rate and setting a separate tax for prediction market platforms.
North Carolina Governor Josh Stein signed the state's $34 billion fiscal 2025-26 budget, which includes an increase in the tax rate for online sports betting operators from 18% to 23%. The budget also introduces a new tax for prediction market platforms. Stein confirmed the signing, stating that it followed careful consideration. The changes are outlined in Senate Bill 257.
