North Carolina Governor Josh Stein has approved Senate Bill 257, raising the state sports betting tax rate to 23 percent. The legislation modifies the previous 18 percent levy on gross wagering revenue.
Legislative Details
Senate Bill 257 formally adjusts the taxation framework for licensed sportsbooks operating within the state. The updated rate applies to total wagering revenue collected by betting operators. This adjustment replaces the earlier 18 percent structure that governed the market.The change takes effect following the governor's signature on the measure. State regulators will implement the revised tax calculation for upcoming reporting periods. Industry participants must align their financial projections with the new statutory rate.