North Carolina Senate Pro Tempore Phil Berger (R-Rockingham) said Caesars Virginia will draw from northern North Carolina, and those leisure spending dollars and subsequent tax revenue will be stripped from North Carolina.<\/p>\n
\nIf you look at population centers [around Caesars Virginia], the real population centers are south of Danville in North Carolina,” Berger said in April. “I think there’s a legitimate concern of a drain from North Carolina into Virginia of dollars, of business, of people.”<\/p>\n<\/blockquote>\n
“We’ll see whether or not there’s something that that is practical for us to do in North Carolina to address that,” Berger added.<\/p>\n
Billions at Stake<\/b><\/h2>\n
A recent market forecast conducted by Pennsylvania-based gaming consultancy Spectrum Gaming Group concluded that North Carolina could reap more than half of a billion dollars in new annual tax revenue should the state allow just three commercial casinos and tax their gross income at 30%.<\/p>\n
\n
Moore favors a gaming expansion package next year that would legalize not only commercial casinos but also video gaming terminals and the controversial skill gaming machines that have popped up in restaurants and bars.<\/p>\n<\/div>\n
“My preference is to try and do it all in one bill,” Moore explained.<\/p>\n
Moore reasoned that expanding gambling will necessitate a larger role for the North Carolina Lottery Commission, which is pivoting into becoming a gaming regulatory function.<\/p>\n
“You want to be thinking about that when you [authorize gaming],” Moore said. “You want to do it in a comprehensive way that works.”<\/p>\n","protected":false},"excerpt":{"rendered":"
North Carolina is in the process of legalizing online sports betting. Legislative discussions about commercial casinos could be taken up in 2024.<\/p>\n","protected":false},"author":25,"featured_media":275696,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62],"tags":[81989,13598,86516,82300,82704,82114,80968],"acf":[],"yoast_head":"\n
North Carolina House Speaker Optimistic About Commercial Casinos Following Sports Betting<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n