North Carolina budget shows how much HBCUs could make from sports betting
North Carolina sports betting has entered a new phase and HBCUs now know where the ceiling is. The state’s proposed 2026 budget would raise the tax rate on online sports wagering operators from 18 percent to 23 percent. If approved this week as expected, it would also rewrite how the money gets distributed. The proposed budget keeps the original $300,000 annual payment for 13 UNC System athletic departments. That list includes North Carolina A&T, North Carolina Central, Elizabeth City State, Fayetteville State and Winston-Salem State. It also includes Appalachian State, East Carolina, UNC Asheville, Charlotte, Greensboro, Pembroke, Wilmington and Western Carolina.