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North Carolina Bets on Stricter Sportsbook Tax Reporting
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Subscribe25 JUN 2026 / ACCOUNTING & TAXES
In a bid to improve compliance and increase revenue from the rapidly growing sports betting sector, North Carolina is increasing its online sportsbook tax rate from 18% to 23% and is seeking stronger access to sportsbook data so tax officials can verify betting activity. The legislation has implications for both betting operators compliance measures and for bettors whose potential tax liabilities may increase due to more accurate reporting of their betting activity.
Sports betting used to feel like weekend entertainment: a few NFL wagers, a March Madness bracket, maybe one painful parlay that missed by half a point. Now it looks more like a tax administration problem with a sportsbook logo on it. That shift makes sen...
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