Gambling Archives

North Carolina government makes big tax revenues quickly from first year of sports betting

RALEIGH, N.C. (AP) — North Carolina government cashed in early when it came to reaping fiscal benefits from authorized sports wagering in the ninth-largest state. Legalized online sports betting began in North Carolina in March 2024. A report Wednesday to a state commission says the state expects it will have collected over $131 million in taxes from the first full year of sports betting operations. An earlier estimate by state legislative researchers before the law was enacted in 2023 said taxes could reach $100 million annually within five years. The windfall is connected to big betting — the taxes are based on a percentage of betting revenue minus paid winnings.… Continue Reading

Pete Rose found home in Las Vegas before nation began to embrace sports betting

LAS VEGAS (AP) — Pete Rose found a home in Las Vegas, where acceptance wasn’t a problem. Baseball’s career hits leader died Monday in that city at age 83. The man known as Charlie Hustle for his relentless play on the basepaths picked a place that embraced legalized sports betting long before most of the rest of the nation caught on. Rose was a regular at autograph sessions throughout the Las Vegas area. He engaged with those who approached him to talk about his glory days with the Reds and Phillies and maybe even to commiserate about why he wasn’t eligible for the Hall of Fame.… Continue Reading

Pete Rose, baseball’s banned hits leader, has died at age 83

NEW YORK (AP) — Banished baseball great Pete Rose has died. The longtime Cincinnati Red was the career hits leader and fallen idol who undermined his historic achievements and Hall of Fame dreams by gambling on the game he loved and once embodied. His 4,256 hits broke his hero Ty Cobb’s 4,191 and signified his excellence no matter the notoriety which followed. Rose was banned in 1989 after a major league baseball investigation determined he had bet on baseball, including on his own team. A spokesperson for Clark County in Nevada confirmed on behalf of the medical examiner that Rose had died.… Continue Reading