RALEIGH, N.C. (AP) — North Carolina government cashed in early when it came to reaping fiscal benefits from authorized sports wagering in the ninth-largest state. Legalized online sports betting began in North Carolina in March 2024. A report Wednesday to a state commission says the state expects it will have collected over $131 million in taxes from the first full year of sports betting operations. An earlier estimate by state legislative researchers before the law was enacted in 2023 said taxes could reach $100 million annually within five years. The windfall is connected to big betting — the taxes are based on a percentage of betting revenue minus paid winnings.… Continue Reading