NC Tax and Regulate Video Sweepstakes
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Tuesday, June 26, 2018
By GFG Games
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Regarding Video Sweepstakes in North Carolina, the Wilson Times has stated an interesting opinion on how to use Video Sweepstakes to benefit NC.

"North Carolina's effort to ban video sweepstakes has been an exercise in futility and humiliation. Gaming parlors, sometimes euphemistically called "internet cafes," are open for business across the state, raking in cash that could be a lucrative source of state revenue.
 
Legislators' refusal to legalize, tax and regulate the sweepstakes industry is costing taxpayers twice. The state's missing out on a cut of the action and millions have been wasted in ineffectual law enforcement crackdowns and long-running legal battles.

Opponents say video sweepstakes is gambling, plain and simple. Anti-gaming laws exist thanks to an alliance of big-government busybodies on the right and left - conservatives who consider gambling to be a sinful, immoral vice and liberals who say it's a social ill that disproportionately affects poor people.

Neither argument is particularly compelling. Placing bets may not be good for individuals or for society, but it strikes us as a core personal freedom issue. Free adults may spend their money in any number of ways many of us don't like, but it's their money - not ours and not the state's. If gambling is a crime, who's the victim?

Since lawmakers narrowly approved the North Carolina Education Lottery in 2007, players have paid more than $3 billion toward public schools. Yet we haven't reaped many real benefits because money is fungible and budget writers too often used lottery revenues to replace other funding sources, diverting dollars previously earmarked for education elsewhere."

See Full Article at:
http://www.wilsontimes.com/stories/our-opinion-tax-and-regulate-video-sweepstakes-to-benefit-schools,127825
 
 
 
 
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