North Carolina legislators recently announced a 5% increase on the state tax on sports betting.
The new rate is 23%, up from 18%, moving North Carolina ahead of New Jersey, Ohio and Massachusetts in terms of the tax rate on sportsbooks, according to Covers.com. ’s Brad Senkiw.
North Carolina Senator Jim Burgin told radio station WRAL’s Brian Murphy of the increase. Lawmakers are finalizing portions of the budget before the new fiscal year starts 1 July, but Burgin confirmed the 23% tax on sports betting.
Legislators reached an agreement in early June to increase the operator tax to between 20% and 30%.
