House Bill 631, which cleared the upper chamber of the North Carolina as Senate Bill 688, passed the House Commerce Committee in a 12-4 vote yesterday (4 November).
While it has passed its first reading in the lower chamber, it must still clear the House Judiciary and Finance Committees, as well as the Committee of Rules, Calendar, and Operations. The current legislative session will adjourn on 19 November, with a short session to convene early in 2022.
The bill aims to issue at least 10, and no more than 12, interactive sports wagering licenses, which will be valid for five years. Each will require the holder to pay a $500,000 fee, then an 8% gross revenue tax to the state.
Suppliers will also be required to secure licenses, which also last for five years, for a $15,000 fee.
Read the full story on iGB North America.
Original article: https://igamingbusiness.com/north-carolina-betting-legislation-continues-slow-progress-through-house/
