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SB 38 - Specifies Sports Wagering Regulations - North Carolina Key Vote

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Title: Specifies Sports Wagering Regulations

Vote Smart's Synopsis:

Vote to amend and pass a bill that specifies sports wagering regulations

Highlights:

  • Authorizes sports wagering in State (Page 1).

  • Amends definition of “covered services”; adds definitions for “geofencing”, “interactive account”, “parimutel wager” (Page 2).

  • Specifies rules for interactive sports wagering operators (Page 4).

  • Requires license for interactive sports wagering, fee of $1 million (Page 5).

  • Requires background checks, investigations (Page 6-8).

  • Establishes 14% privilege tax on interactive sports wagering operators (Page 15).

Full Bill Text

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