These North Carolina Universities Get Sports Gambling Tax Money
Yesterday, the state of North Carolina entered into a bold new world. That is the world of legal, mobile sports gambling. For those that have an objection to this from a moral standpoint, I get it. And you have every right to feel that way. On the other hand, it’s REALLY hard to argue with the tax revenue it will generate for the state. Depending on whose estimates you pay attention to, this could mean as much as 100-125 million dollars for the state in the first 12 months. So, the question is, “Where does this money go?” Well, 13 North Carolina Universities will have their pockets lined with sports gambling money.
What’s interesting is that the revenue for the universities DOES NOT go into the general fund for the institutions of higher learning to do what they please. And in this case, this is the right move. Let me explain my opinion here. This is revenue generated from legalized mobile sports gambling. Among the sports that are allowed to be wagered on are college athletic competitions. Therefore, when you discover that the tax revenue received by these lucky 13 schools is ear-marked for the athletic departments? Sounds fair and just to me.
Who, exactly are the 13 universities that will reap the financial rewards of North Carolina’s now legalized mobile sports gambling?
Appalachian State University;
East Carolina University;
Elizabeth City State University;
Fayetteville State University;
North Carolina Agricultural & Technical State University;
North Carolina Central University;
University of North Carolina at Asheville;
University of North Carolina at Charlotte;
University of North Carolina at Greensboro;
University of North Carolina at Pembroke;
University of North Carolina at Wilmington;
Western Carolina University; and
Winston-Salem State University.
Each of these schools is slated to receive $300,000. A couple of interesting observations: 1. 5 of these schools are historically black colleges and universities (this money could make a HUGE difference for their athletic budgets) 2. Missing on this list are some of the larger state schools. Nowhere do you see University of North Carolina at Chapel Hill or North Carolina State University. Granted, the argument can be made that these schools, “Don’t need the money as much as the others.” And that would be true. However, one can also argue that the vast majority of sports wagering will be on games involving these larger schools, right?
Also excluded on this list are schools like Wake Forest and Duke. As they are private institutions, they are not eligible for legal mobile sports gambling’s tax revenue stream.
Gambling In North Carolina? Most People Aren't Addicted
1. Nevada
Aerial view of Las Vegas strip in Nevada as seen at night USA
5. Oklahoma
10. North Dakota
15. Wyoming
20. Texas
25. New Mexico
Santa Fe, New Mexico, USA downtown cityscape and street at twilight.
30. Ohio
State of Ohio flags waving in front of the Statehouse in Columbus, OG.
35. Georgia
40. Arizona
Ballons in Sedona, Arizona with sunset
45. North Carolina
50. Utah
Sunset Overlook at Saint George / Utah
