Sports Gambling/NC

6,358 Views | 66 Replies | Last: 17 days ago by engineercoach
Wolfer79
How long do you want to ignore this user?
Wow--NC House just amended the sports betting bill (over objection of bill sponsor Rep. @JasonSaine97th) to keep gambling banned on college sports #ncpol #ncga

Rep. @AutryJohn proposed it, referencing the Dixie Classic and the NCSU point-shaving scandal that cost Jimmy V his job

Wolfer79
How long do you want to ignore this user?
One legislator said he believes Jesus would vote against the two sports wagering bills, so he'll do the same.

SB 688 currently being discussed.

mdreid
How long do you want to ignore this user?
Wolfer79 said:


1-But critics say the additional revenues that state sanction of sports betting would create pales in comparison to the negative effects upon family and society that the increase in the number of gambling addicts will cause.

2-"These gambling bills conflict with my values," said Rep. Abe Jones, a Wake County Democrat, former judge and committee member. "I'm not going to use my vote from this place to support gambling. I think it's wrong."

1- not true because of the amount of lottery tickets and scratch-offs i see littered in parking lots in the low income area i mainly work in

2- AKA i didnt get a big enough chunk cut out for my pocket and friends...
caryking
How long do you want to ignore this user?
Wolfer79 said:

Wow--NC House just amended the sports betting bill (over objection of bill sponsor Rep. @JasonSaine97th) to keep gambling banned on college sports #ncpol #ncga

Rep. @AutryJohn proposed it, referencing the Dixie Classic and the NCSU point-shaving scandal that cost Jimmy V his job


Is this true? Point-Shaving and Jimmy V?
On the illegal or criminal immigrants…

“they built the country, the reason our economy is growing”

Joe Biden
TheStorm
How long do you want to ignore this user?
caryking said:

Wolfer79 said:

Wow--NC House just amended the sports betting bill (over objection of bill sponsor Rep. @JasonSaine97th) to keep gambling banned on college sports #ncpol #ncga

Rep. @AutryJohn proposed it, referencing the Dixie Classic and the NCSU point-shaving scandal that cost Jimmy V his job


Is this true? Point-Shaving and Jimmy V?
There were very loose allegations, but never any evidence. Players sold their shoes and the Board of Governors wanted him gone.
PackFansXL
How long do you want to ignore this user?
The point shaving problem was back in the 1950's. A lot of schools were caught up in it. I remember Billy Packer talking about his case when he was a prominent hoops guy. He was accused of being a shaver but it was a mistaken identity case and he was ultimately cleared. I believe we had a couple of guys who were implicated along with several others from other schools including the cheats.
TheStorm
How long do you want to ignore this user?
PackFansXL said:

The point shaving problem was back in the 1950's. A lot of schools were caught up in it. I remember Billy Packer talking about his case when he was a prominent hoops guy. He was accused of being a shaver but it was a mistaken identity case and he was ultimately cleared. I believe we had a couple of guys who were implicated along with several others from other schools including the cheats.
Yes, it was... but that John Simonds basketball manager ****er put some allegations out about Shackelford and Weems supposedly shaving points. Totally baseless, but once it gets said it continues to get repeated... and here were are over 30 years later reading the same old lies...

This time in the General Assembly.
caryking
How long do you want to ignore this user?
TheStorm said:

PackFansXL said:

The point shaving problem was back in the 1950's. A lot of schools were caught up in it. I remember Billy Packer talking about his case when he was a prominent hoops guy. He was accused of being a shaver but it was a mistaken identity case and he was ultimately cleared. I believe we had a couple of guys who were implicated along with several others from other schools including the cheats.
Yes, it was... but that John Simonds basketball manager ****er put some allegations out about Shackelford and Weems supposedly shaving points. Totally baseless, but once it gets said it continues to get repeated... and here were are over 30 years later reading the same old lies...

This time in the General Assembly.
I don't remember who our assumed point shavers were. I know Doug Moe, UNC, was implicated…
On the illegal or criminal immigrants…

“they built the country, the reason our economy is growing”

Joe Biden
Wolfer79
How long do you want to ignore this user?
Another in-person sportsbook is set to open in North Carolina this fall, not far from Charlotte. Legislation to legalize online sports gambling in the state is stalled. https://t.co/e7wPpVpPd3 #ncpol
Wolfer79
How long do you want to ignore this user?
In its first six months of mobile sports betting, New York has generated $302 million in revenue from taxes, more than any other state including New Jersey, which went mobile in the summer of 2018 ($237 million in revenue collected).

Wolfer79
How long do you want to ignore this user?
Massachusetts' new sports betting bill will allow wagering on college sports, except for in-state schools, similar to New Jersey.

The bill includes a 20% mobile tax rate, 15% retail tax rate, no credit cards and no advertising ban.

(via @Josh_Insights) https://t.co/jWIdkwSOtn
Wolfer79
How long do you want to ignore this user?
Just got word: Catawba Two Kings Casino opened its on-site sportsbook today. Its the third sportsbook in North Carolina, which did not pass a bill to legalize online sports gambling earlier this year.

hokiewolf
How long do you want to ignore this user?
Wolfer79 said:

Just got word: Catawba Two Kings Casino opened its on-site sportsbook today. Its the third sportsbook in North Carolina, which did not pass a bill to legalize online sports gambling earlier this year.


Lol, It's like a 10 wide trailer right now. They aren't going to build the actual casino until the bill passes.
Bell Tower Grey
How long do you want to ignore this user?
hokiewolf said:

Wolfer79 said:

Just got word: Catawba Two Kings Casino opened its on-site sportsbook today. Its the third sportsbook in North Carolina, which did not pass a bill to legalize online sports gambling earlier this year.


Lol, It's like a 10 wide trailer right now. They aren't going to build the actual casino until the bill passes.
Folks have gambled, and looked nookie, in worse places, I guess.
Wolfer79
How long do you want to ignore this user?
State lawmakers will file legislation this week to legalize mobile sports betting in North Carolina, as Gov. Roy Cooper (D) thinks it will have a better chance of passing this year.

Rep. Jason Saine (R-Lincoln) said the bill in the state House of Representatives will be substantially similar to a bill that failed last year by just one vote. However, this time he's confident it will have enough support in the House to pass.


https://www.google.com/amp/s/www.cbs17.com/news/capitol-report/nc-lawmakers-roll-out-new-bill-to-legalize-sports-betting-this-week-gov-cooper-says-its-likely-to-pass/amp/
Wolfer79
How long do you want to ignore this user?
NC sports wagering bill advances through first House committee

https://www.wral.com/nc-sports-wagering-bill-advances-through-first-house-committee/20773966/
Oldsouljer
How long do you want to ignore this user?
Wolfer79 said:

NC sports wagering bill advances through first House committee

https://www.wral.com/nc-sports-wagering-bill-advances-through-first-house-committee/20773966/
Idiots. NC's current state of prosperity didn't come via gambling, but there are ways that gambling could infringe upon our current level of prosperity. The impending financial cataclysm is what the lawmakers should be focused on. If I personally am going to gamble, it's by plowing my money into dirt cheap precious metals junior mining stocks….while they're still affordable. As for the gambling business folk, their business depends on a general state of prosperity and I greatly fear there isn't going to be a whole lot of that, forthcoming.
PackBacker07
How long do you want to ignore this user?
Good thing this is a free country and people can gamble how they see fit? If "prosperity" isn't there for people to gamble, then these companies will face major setbacks. The free market at work, terrific.

Idiots do control the NC Leg, I couldn't agree more to that point.
Y'all means ALL.
Wolfer79
How long do you want to ignore this user?
heard on radio this morning

bill passes NC House, moves on to Senate
hokiewolf
How long do you want to ignore this user?
Will it happen this time or will the So Baptist prevail once again??
Originator of the Tony Adams Scale
Wolfer79
How long do you want to ignore this user?
hokiewolf said:

Will it happen this time or will the So Baptist prevail once again??


failed House by 1 vote previously
has passed House
Governor has said he will sign bill
Wolfer79
How long do you want to ignore this user?
North Carolina would tax the profits of companies operating online sportsbooks here at a lower rate than neighboring states do.
The state is getting closer to going all in on online sports wagering. And when it comes to the tax revenue that move could generate, the state like the house always wins.
But will it win enough to be worth it?



A recent financial analysis of the state's sports betting bill indicates one key stream of tax revenue the privilege tax could produce more than $45 million in the 2028 fiscal year.
That tax is what online sports betting operators like DraftKings or FanDuel owe states on the net revenues they make there.
The bill would set it at 14 percent in North Carolina. That's lower than the two neighboring states that allow online sports wagering: 15 percent in Virginia and 20 percent in Tennessee

The proposal in North Carolina would allow online wagering on professional, college, amateur and e-sports competitions.

The roughly 10 companies that would be allowed to take those bets would have to pay a $1 million licensing fee along with the privilege tax.

And North Carolina's is near the middle of the pack nationally

.That rate is lowest in Iowa and Nevada at 6.75 percent. At the other end of the spectrum, there are four states Delaware, New Hampshire, New York and Rhode Island where it is 50 percent or higher.

Other states have tried to raise that rate after it had already been put in place because Goldman said "they realized that they were leaving money on the table."

If the bill becomes law and online sports betting is allowed starting Jan. 8, 2024, the privilege tax is only projected to produce about $3 million in the first few months largely because the state would allow the betting companies to deduct the cash value of promotional credits they give to first-time users. Those deductions will be phased out by 2027.

The state projects the privilege tax would generate $17.8 million in fiscal 2025, and that would climb to $24.7 million in 2026 and $35.6 million in 2027.

But Goldman points out that tax rate is significantly higher than the state's corporate income tax rate which is scheduled to be gradually dropped all the way to 0 percent within the decade.

"Which means that these corporations, these online sports gambling websites, are actually going to be paying a significantly higher tax for this activity for this service that they're providing, relative to other corporations that are providing a service," Goldman said.

He points to two key reasons why the state's winnings from online sports wagering would be significant even with a total budget of about $30 billion.

"Even though it's not a gigantic sum of money relative to the total budget, this is still additional tax revenues that are going to be coming into play," he said.

That revenue is earmarked for programs affiliated with the Department of Health and Human Services, the state Division of Parks and Recreation and athletic departments at seven public universities, among others.

And it also would allow the state to capture a share of the money that might be otherwise headed to Tennessee or Virginia where online sports betting is legal or is exchanging hands illegally already in North Carolina.

"These activities are likely happening anyway," Goldman said. "We all know that these types of activities are occurring. And as of right now, they are going untaxed. This is money that we could be bringing into our system by making it a legal type of money transfer."

It's harder to project how much more the state will collect in income tax paid by bettors who hit it big.

For them, when it comes to their taxes, nothing really changes you have always been responsible for paying federal and state income tax on your winnings, whether they're legal or not.

A $1,000 win on a Super Bowl bet next February would mean you'd owe the state $47.50 on the income tax return you file in 2025.

But remember, the online sportsbooks are keeping track of your winnings and if you get a W-2G form from them at tax time, it means the federal and state tax collectors will know about them, too.

"So that is actually going to lower the likelihood that somebody wins this $1,000 and they just decide not to pay any taxes on it, which tends to be the case when we talk about in-person gambling and these in-person casinos," Goldman said.

https://www.cbs17.com/news/north-carolina-news/can-ncs-bet-on-online-sports-wagering-lead-to-big-payout-in-tax-dollars/
Wolfer79
How long do you want to ignore this user?
The North Carolina Senate is planning to vote to legalize mobile sports wagering and, in some select locations, in-person sports betting next week, putting a timeline on legislation that has been discussed for more than two years.

A Senate committee passed its version of House Bill 347 with several significant changes Wednesday.

The bill is expected to be in two Senate committees, finance and rules, on Tuesday and then hit the floor for votes on May 31 and June 1, Senate leader Phil Berger said. Because the legislation contains a tax, the Senate must hold two roll call votes on different days.

The basics of the bill remain the same: If it becomes law, bettors in North Carolina could gamble on college, professional and other sports on mobile apps on their phones or other electronic devices. The start date for the legislation is January 8.

The Senate bill raised the tax rate paid by operators to 18% from 14% in the House version and it did away with any deductions for the promotions and credits used to attract new customers, changes that should result in more tax revenue for the state.

The Senate bill also allows betting on horse racing and would allow sports books at certain professional sports venues around the state to accept in-person cash bets, two features that were not in the House-passed version. More amendments are forthcoming, Berger said

https://www.wral.com/story/nc-sports-betting-bill-likely-to-get-full-senate-votes-next-week/20879842/
Wolfer79
How long do you want to ignore this user?

There's just one vote left before North Carolina passes a bill to legalize online sports betting.

The bill to make sports betting legal in NC could be on Gov. Cooper's desk by the end of the week. @dawnbvaughan answers questions about what's in the bill and what's next as sports gambling becomes legal here
FlossyDFlynt
How long do you want to ignore this user?


Bout damn time
hokiewolf
How long do you want to ignore this user?
Huzzah!
Wolfer79
How long do you want to ignore this user?
I heard on radio this morning that Governor will receive bill this morning and should sign soon
Wolfer79
How long do you want to ignore this user?
Statement from Don Waddell regarding the passage of sports wagering in the General Assembly:

"We are extremely grateful for all of the hard work by lawmakers from both sides of the aisle to get this bill to the finish line.

"We will now have the opportunity to build a world-class sports-wagering facility to expand the entertainment options around PNC Arena.

Our plans will also include and restaurant and bar available to fans every day, helping to spur additional development in and around the arena district."

statwolf
How long do you want to ignore this user?
where you all have accounts? what is the best one? I have one started on ESPNBet...we will see how it goes
hokiewolf
How long do you want to ignore this user?
I'm trying out FanDuel
Originator of the Tony Adams Scale
wolf howl
How long do you want to ignore this user?
I've always used Draft Kings for fantasy sports so it had some of my money already so just used that. They gave me a special for tonight on the Hornets scoring more than 1 point. $50 to payout $100. I'll take it. haha
engineercoach
How long do you want to ignore this user?
I've used DraftKings and FanDuel when traveling to other states. DraftKings is my favorite of the two.
Refresh
Page 2 of 2
 
×
subscribe Verify your student status
See Subscription Benefits
Trial only available to users who have never subscribed or participated in a previous trial.