In less than three weeks will launch online sports betting and likely begin generating millions of dollars in tax revenue for the Tar Heel State.
But exactly how much tax revenue can the state expect? And where will this money go?
Fiscal estimates show that North Carolina could bring in nearly $100 million in sports betting tax revenue by its fifth full year of operation, with much of the revenue earmarked for higher education purposes, youth athletics, and the state s general fund.
North Carolina online sports betting will launch on Monday, March 11.
Just How Much Revenue Will Sports Betting Bring?
Each potential bill in North Carolina requires a fiscal estimate for legislators to review. Fiscal for HB 347, the bill that legalized North Carolina onlin…