North Carolina has increased the tax rate for sports betting operators from 18 percent to 23 percent. The state implemented the adjustment to update revenue collection standards for licensed wagering platforms.
Updated Levy Structure
The revised percentage replaces the previous 18 percent charge on adjusted gross revenue. Operators must now calculate and remit the higher rate on all betting activity processed through their systems. The modification affects the standard financial reporting cycle for every authorized provider.
State regulators applied the new rate uniformly across the market. Companies will incorporate the 23 percent levy into their upcoming tax submissions. The change establishes a consistent collection framework for all betting operators conducting business within North Carolina.