NC senate budget

[moonshine]

Sports gambling revenues going to state universities college programs. Would be a nice revenue stream for App if this passes.

What’s the best use for these funds? Fully funding scholarships across the board? Building up NIL collective? Save for down payment on KBS east tower?

https://www.wral.com/story/senate-budge ... /21960105/

“North Carolina Senate Republicans plan to increase the amount of tax revenue that flows to athletic departments at UNC System schools, add UNC and NC State to that distribution and double the tax rate on sports betting operators as part of its budget proposal.
The budget would also mandate that UNC and NC State play men's and women's basketball games against other schools in the UNC System, a requirement that is connected to the revenue distribution.“

“The increase from an 18% tax rate to a 36% tax rate would put North Carolina among the top in the nation with New York (51%), New Hampshire (51%), Delaware (50%), Illinois (up to 40%) and Pennsylvania (36%).”

“Appalachian State, East Carolina and UNC Charlotte would receive $1.5 million.”

“The schools receiving $1.5 million up front would end up with $4.1 million and $5.1 million.”

[AppSt94]

I wonder if they will put any stipulations on how it can be used.

[appdaze]

Just some food for thought with revenue sharing. If schools begin to pay out to athletes directly from revenue sharing as employees they will be under labor laws of discrimination. That would mean in order to comply, eligibility based on age/years active would be illegal. All they could do at that point would be to require that they are signed up for classes and be an "active student."

[biggie]

If it was like the lottery they shifted other money away from public schools, so hope that this would actually increase money instead of shift money to keep the funds about the same from a different source.

[Bigdaddyg1]

Not to shift the discussion but I’ve often wondered why we don’t just institute a national lottery. People scream and yell about paying taxes but just imagine the revenue if say, 50 million people per week spent $1 on a ticket. The winnings could be multiple. It’s like a shot at getting your tax money back.

[appdaze]

Not to shift the discussion but I’ve often wondered why we don’t just institute a national lottery. People scream and yell about paying taxes but just imagine the revenue if say, 50 million people per week spent $1 on a ticket. The winnings could be multiple. It’s like a shot at getting your tax money back.

Because thats mainly a tax on poor people.

[BallantyneApp]

Why are unc and nc state getting like 7x what the other fbs schools are getting?

[BambooRdApp]

Probably because alumni dominate the makeup of the political scene and I assume substantially more gambling involves their teams than App. EasyU, and 49ers

[Saint3333]

No it’s because they have more individuals in decision making positions.

[Stonewall]

Do you know the bill number?

[moonshine]

Do you know the bill number?

#257

https://www.ncleg.gov/Sessions/2025/Bil ... S257v2.pdf

The “rivalries” clause is on pg 144 and gambling tax increase and distribution is on pg 436.

[Stonewall]

Thank you MoonShine.