BUSINESSJul 22 · 14:17 UTCWSOC ABC CHARLOTTECharlotte Business Journal

UNC Charlotte athletic department on track to receive $5.8M from sports betting taxes

North Carolina's sports betting tax revenue increased by 23% in fiscal 2026, generating $143 million. The new state budget allocates more funds to university athletic departments, including a $5.8 million cap for UNC-affiliated programs starting 2027-28, and adds UNC Chapel Hill and N.C. State as recipients. Previously, 50% of remaining proceeds went to the general fund, but this will increase to 100% under the updated budget.

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Mentioned

UNC Charlotte athletic departmentorganizationNorth Carolina State Lottery CommissionorganizationUNC Chapel HillorganizationNC Stateorganizationmajor events, games and attractions incentives fundorganizationstate’s general fundorganizationsports betting taxestopicNorth Carolinaplace

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