Wow! North Carolina mulls pari-mutuel horse racing wagering bill

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The bill calls for North Carolina to establish a Lottery Commission to oversee regulation of the market, as well as handle the accompanying licencing process…

The bill also sets out how 20% of all money wagered at each location would be remitted to the Commission by the licensed organisation. All winnings would be subject to standard state income tax rates.

Consumers over the age of 18 would be able to take part in pari-mutuel wagering under the regulations, but anyone associated with the new Commission would not be permitted to place bets.

Should the bill progress into law, it would come into effect from January 1, 2020.

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About Editor

Rich Nilsen is a 16-time qualifier to the National Horseplayers Championship (NHC), an event he has cashed in four times. He was the first player to finish in the top 10 twice. He cashed on the NHC Tour for 2018 with a 19th overall finish. Rich was also a winner of a $24,000 package into Kentucky Derby Betting Championship I. A former executive with Brisnet.com, Rich is a graduate of the University of Louisville Equine Business Program and is founder of AGameofSkill.com, a site devoted to horse racing education and promotion.

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