On July 17th, 2020, the North Carolina Senate passed a bill that would legalize sports betting in the state. This is a major step forward for the state, as it could potentially bring in millions of dollars in revenue and create thousands of jobs.

The bill, which was passed by a vote of 33-14, would allow for mobile and online sports betting, as well as in-person betting at two tribal casinos. The bill also includes provisions for the regulation of sports betting, including the establishment of a Sports Wagering Advisory Council to oversee the industry.

The bill is expected to generate an estimated $50 million in revenue for the state. This money will be used to fund education, health care, and other public services. Additionally, the bill is expected to create thousands of jobs in the state, including positions in the sports betting industry, as well as jobs related to the construction and maintenance of sports betting facilities.

The passage of this bill is a major victory for North Carolina, as it will bring in much needed revenue and create jobs. It is also a sign that the state is open to new forms of economic development. With this bill now passed, North Carolina is well on its way to becoming a leader in the sports betting industry.