News
NC elections show growing reach, risks of prediction markets
More than $1.6 million has traded on NC’s U.S. Senate race as the state adopts a new tax framework for prediction markets.
Opinion
NC has a gambling problem, and it is taking a toll on families
NC households are out nearly $800 million so the state can capture $143 million in tax revenue.
Opinion
NC parents: There’s a bookie in your college freshman’s pocket
Investing is about ownership, long-term growth, and building a future. Wagering on whether the Tar Heels cover the spread this weekend is not investing, no matter how sleek the interface.
News
NC budget raises sports-betting tax, adds prediction markets
New NC budget raises sports-betting taxes, redirects revenue to public universities, and creates a new tax on prediction markets.
News
NC budget deal reached, with votes planned before July 4
NC lawmakers reached a budget deal over the weekend, with votes expected this week ahead of the July 1 fiscal year.
News
Legislative leaders push back NC budget time frame
Budget talks have slowed at the General Assembly, but Berger and Hall say they still expect a deal by the end of the month.
News
Report: Reduce crime with more cops on the streets
Intensive community policing could be a solution to NC violent crime, according to a new report from the John Locke Foundation.
News
State lawmakers push to allow gambling loss deductions, in step with federal tax code
Under current North Carolina law, individuals who engage in legal sports betting or other forms of gambling are taxed on their gross winnings without the ability to deduct losses. This differs from federal tax policy, which permits deductions for gambling losses up to the amount of winnings.
News
Nearly $200 million wagered in NC’s first week of sports betting
Online sports betting proved to be big business the first week it became legal in North Carolina. According to a Sports Betting Report released Wednesday by the North Carolina State Lottery Commission, over $198 million was wagered by North Carolinians, while payouts amounted to $141.5 million.
Opinion
When casinos win, consumers lose
After the success of their efforts to legalize sports betting, some leaders in the General Assembly are working to open up four more casinos and lots of video gambling terminals. These Senate and House leaders are proposing casinos to be developed in Anson, Nash, and Rockingham counties. The Lumbee Tribe would also have the option to...
