North Carolina Lawmakers Seek to Make Gambling Losses Tax Deductible
Some North Carolina lawmakers want to make losses from gambling tax deductible, as a House Bill has been introduced in the state.
First Month Of NFL Pushes NC Sports Betting Revenue Into The Black
After seven months, the collective NC sports betting industry finally generated more wagering revenue than it spent on promos and bonuses.
NC Sports Betting Revenue Down in May Following Industry Trend
As it does this time of year, sports betting revenue dropped in May. Still, North Carolina is already well ahead of state revenue projections.
NC Exceeds Sports Betting Expectations With $649M In First-Month Bets
North Carolina’s eight online sportsbooks took $649 million in April bets for $105.3 million in gross revenue in their first full month.
Caesars Reveals Disappointing First-Quarter But Counts NC Online Sports Betting Launch A Success
While Caesars Entertainment successfully launched online sports betting in North Carolina last month, the company had a challenging first quarter in 2024. During an earnings call with investors, the operator reported a 1% drop in consolidated net revenues to $2.7 billion and a 10% decrease in adjusted EBITDA (earnings before interest, taxes, depreciation and amortization). […]
Sports Bettors Can’t Deduct Losses On Taxes In North Carolina, and Gov. Cooper Wants That Changed
North Carolina Gov. Roy Cooper is calling on legislators to change the law that doesn’t allow sports bettors to deduct losses from taxes.
The Benefits Of Sports Betting In North Carolina: A Legal Expert Weighs In
Lily Faulconer, a Greenville attorney specializing in gaming regulation, breaks down some effects of NC online sports betting.
Digital Scratch-Offs Boost NC Public Education Funding. Will Sports Betting Do The Same?
So far, so good for digital scratch-offs in North Carolina. Early numbers show that the lottery’s latest release is quite the hit, with more dollars going toward the state’s public education fund. “Over the years, we’ve been able to build the amount of money we’ve provided to the state for education,” North Carolina Education Lottery […]
North Carolina Sports Betting MEGA FUND To Help Finance Dix Park Upgrades?
Raleigh officials have tossed around idea to connect downtown to Dix Park via gondola. Could sports betting revenue help fund the project?
Property Values Don’t Lie: A Rockingham Casino Benefits Homeowners And The Community
Using market conditions and the positive casino impact in nearby Danville, Va., we show how a Rockingham casino could benefit the county.