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Will sports betting become legal in North Carolina this year? // Big Rock Fishing Day 1

The Adam Gold Show / Adam Gold
The Truth Network Radio
June 13, 2022 3:18 pm

Will sports betting become legal in North Carolina this year? // Big Rock Fishing Day 1

The Adam Gold Show / Adam Gold

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June 13, 2022 3:18 pm

Will sports betting become legal in North Carolina this year? Bennett Conlin of joined to talk about where the NC State legislature currently sits with sports betting, and if the bill will be passed by the end of the current session this month. He also provides a timeline as to what could potentially happen depending if a vote is made or not.

Also, Josh Goodson of SportsChannel8 joined the show to give us an update from the Big Rock Fishing Tournament in Morehead City, NC as early tournament action gets underway.

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This is that the Adam goals you have financial advisory through capital financial This is the Adam Gold show. I wonder if they're listening to this on catch 23 Michael Jordan's boat. Big rock is here. Josh Goodson can be filigree to our big rock corresponded. He joins us from Morehead city sir, thank you very much for your time. Apparently somebody's already dragged in a qualifying blue Marlin is that true, that's true. We are calling you calling him from Atlantic Beach on literally five minutes referred from the big rock landing and the good thing about being down here. The big rock social media is great, but we knew that the boat of marshland area name of the boat that will come in and they hooked up around noon afterward.

On the beach with a whole different conversation is all delete yes you probably been there done that got the T-shirt, but I like were not gonna make it down there for the way unit 145. It literally took off the boat entertainment at 572 pair and actually having called the first blue Marlin over 500 pounds. Regardless of what happens the rest of the week. They have $777,000 in your bank account which is actually would also be good for the seven place payout in the live golf in London this past weekend as well.

We were discussing whether or not there was a rival Saudi backed fishing tournament so 72 does sound like it might even be a winning number. Yet the actually pulled up the last to last year. The winner was 656 12. There were the 914 pound fish in 2019. Which is kind of crazy but beyond that, this, this will be good enough to win in 2020 2018 2017. Basically, right. It is deftly right in the ballpark of the Winnie Pearson if he goes on to be the winning finish. I believe they could follow where they can win an additional 2 1/2 million dollars almost walk away with not not Charles Schwartz will money but close to it.

Yeah it be like any deposits, money that would be Blackwell's tremendous that that dude you know it.

If they give it out world. I want my son talk about this event. Given out world rankings points to to the live classes would've gotten more world rankings points for his second-place finish that he had ever gotten in any event, it is career. So do you have an interested you did you wager essentially on any of these boats, principally for the way that it can't work with generally a lot of boats or allotted by the local one called today mercenary is actually based out of cherry stone Virginia which is in exactly the Eastern shore of Virginia which my question is like the Eastern shore of Virginia.

We recall that Marilyn, like we did the Outer Banks, Virginia yeah right there.

There's no delineation about a lot of the local boats down here that are based on a Morehead that you could literally go on any day of the week right and do it all for fishing venture into your friends and family a bunch of those boats at basically ask for investors or financial backers for the week and generally and also to pay for the two to be a part of the throne of you'll have to pay the entry fee to get into all of the different topics competition being around between gas.

I beverage of your choice and then basically getting all the tournament they could be anywhere from $25-$40,000 I guess is based on the taste of the boat that you're all about. I may have a small baker in the I'm invested in and in one boat.

I'll put it like that, so that's good. How was the captain's party on Saturday night while it is like the jungle that is Carolina last night but I say strictly with with a bunch of guy Harvey T-shirt visor and son got a bad bad bad flowing black. But if it's always a good there and Morehead city like we cannot Saturday and inlet. Yesterday we were milling around as well a lot of people down here a lot about the weather is great today about 100° endless 90 L your schedule to have weather all weekend. Jordan.

Jordan boat was actually not listed today on the list of participants, but there were conclusive media chatter that they actually voted about Marlin and then put one back in and out what you think.

You get mad when the butler deficient big enough as the captain you like to come up with a guy floating out there in the middle of the ocean right now like because of the Jordan knew this was a big tobacco. That's always the question whenever they wanted and they have to release that you note not to the car after Kenny Atkinson is paying attention to big rock he shouldn't.

He should not get not. Don't get too comfortable want that we want Jordan to the boat a big big fish.

I think Jordan probably names the fish like after failed graphics of this Helens this was that Morrison. This was called a brown right today.

I would I was expecting for them to catch up this today because I think the anniversary of the wonderful game yesterday or today and forcefully gave you the I begged him to come out and do some of the baby. Maybe fishing right now to come back and play play 18 with a buffer country club Morehead country club card, a strangely strange as always down here as well. They got a golf golf match set up at some point over the next couple days.

Displays golf during big rock you and me. I think Curtis is just all about all about starting now e-zines are about as easy as it is basically the, the unofficial spokesman for for the big rock tournament coach Pete DeRidder with the capital financial advisory group. We are talking retirement. I coach simple. When we start tax planning and retirement should start as soon as possible because here's one thing that taxes are not going away and so the game here is we know the rules.

A lot of people want to ignore the rules or act like they don't offer me with them but I rest those rules and so we get retirement. The region start to consider money out of your accounts so the secret here is to put a force field around as much as possible. By strategically moving some money to Roth IRA were some of the other vehicles that are taxed like a special life insurance policies can borrow against your money there and never have to pay tax on you wanted to build up inside your Space up there a lot of strategies here. One strategy that does not work is ignoring it mature and not ignored the next 10 people will do for you your very own tax and retirement plan help you minimize taxation, all with retirement 800-661-7383.

All you got is call or you can text Adam to 21000 for coach Pete the road so what other divisions if you will. Are there other than the blue Marlin division ladybird like a ladies angler tournament that actually happened over the weekend that is happening and that when you can have a bill for golf and all conservator.

There's a bunch of different things again like you have to you have to pay to be in all of even most of the big pay to be in all of the day, but there big blue Marlin. You can get point each day as well. It's kind of bizarre people to think if you go out you have to catch up and bring it in and weigh it right for it to that unit for you to you know to to get point for now you can go out there Something I finger probably either an honor system or you're taking a picture like that. There's a bunch of texturally thinking that what you do that you're actually obligating point at the same time a most this you can actually catch almost like a bath master type that up as well. There's a bunch of different division dolphin is going Marlin Waterloo to you name it. There's all kind of the basic idea card up throughout the throughout the week. I'm a little easy with the other ladies angler tournament. I think that's patronizing like I half expect those people to expect the women to not only bring in the fish but then come home and cook it. It bothers me today that all that you give me aside, I need some Cimino grilled asparagus or something. I just got about as what what they did in the European tour this week. Men and women of the same event with the lady went by like nine blast in the field. I live in that event as well.

Lynn Grant 24 underpar nine better than Mark Warren and Henrik Stenson.

Yes, it was a runaway and absolute runaway hi Josh what what does this so what does big rock come to an end over the end of the week Saturday funny, I'm likely to wait before… I was watching the interview with with the boat like they like. They literally just got 30 minutes ago and you have to the boat and fish every day except for one. Over the next between Monday and Saturday they have to take all the day right and it was funny. The got the guy with whoever was interviewing the captain basically said when you go back out the captain at first that well we may go tomorrow and I was like you just won three quarters of $1 million in your leaving the big rock I to be sure you're going to let your Monday get in the later Tuesday night and have a big no way those guys to be going out tomorrow with all the money they just want all the excitement that goes all the way through Saturday and again all the boat and fish every day except for one and they can come to choose whatever they want to take all. Is there a better time to go fishing. Then when you're hung over and you can actually get out of the water and keep drinking again about the I think the thing being down the ocean in the fall air like the yacht but the fact that a help. You don't ever really get you never get hunger every hangover never have to keep going you bring up a good point you bring up a good point. I will if you allow us will check in with you again soon. Sure got keep keep the kids safe. Josh Goodson out of the ocean from sports generally thanks man, I got what we come back – this would've been really good for for Josh to weigh in on as well. A few weeks ago we talked with the folks at WR L about the future of sports wagering in the state of North Carolina. Remember how we were this close to getting the vote right word to the house.

The house is.

This could push it through the house to go to vote and then sometime in the fall, we would be able to wager on football games where exactly are we will discuss that next June 19, 2006, but it all started May 6, 1997 with the announcement that the Hartford is coming to North Carolina transition of heartbreak.

Figuring it out on the fly became 25th anniversary of the Carolina listen sports joins us on the gold show. If you are a UVA fan. Maybe read his stuff when he worked for the daily progress toward friend David Teal's old stomping grounds. Appreciate your time and I was particularly caught by your North Carolina legislature still hope for legislator still hopeful sports wagering bill can pass. There's not a lot of time. Where are we in this story right.

Not a lot of time I get it. Being the legislative session. There's some hope that a bill that happened last year still had the chance to get to the house on the next two weeks or so. What needs to happen in the House Judiciary Committee discussed that they need. Every Tuesday you're looking maybe Tuesday the 14th tomorrow when were talking is a possibility.

I talked to a representative for saying this, leaving the bill through the house on his Nintendo goes according to plan. It should be heard if we are still hope they can get Tuesday seemed understanding a couple weeks ago that have to go through another couple committees before reaching the house floor there's probably three committee stops in the house floor at that everything goes according to plan, and you mentioned there running out of time. A little bit here but that got two weeks at least a little bit of hope left. I would, I would argue that I don't have nearly as much face as is this representative does that this is going to get done before June 30, at the end of this legislative session. By midnight I probably should know the answer to this is my state.

If it doesn't get heard in by the 30th of. It doesn't get voted on.

Rather, by the 30th. Are we talking about the fall before we even revisit the issue.

Yeah, look at the next legislative session at all start over is my understanding, which I know is why stakeholders wanted to get an address now, but it seemed like it could take a while for like the last year. For example, the bill passed to the Senate building. The carryover still have that passage and go straight to the house 2022, 23, I don't believe that allowed I think they would have to start over get through the state Senate and House once again next year so would certainly be a bit of a delay which is what I know some of the stakeholders and I'm sure sports betting operators are hopeful they will happen next couple weeks but yet I can certainly understand where you're coming from and agreed that as well.

They wanted to talk about this bill and get it discussed and out early in the session in a couple weeks to collect on it so they're taking their time in them that you something in the next two weeks they get the ball moving here this week. Seems pretty unlikely.

In my opinion yeah we we spoke to one of our own reporters and some invented tunneling from sports and will not constitute one of our own reporters here about this issue. About two or three weeks ago and there was optimism, then obviously and still with all the optimism they probably weren't going to have mobile wagering up and running until the middle of football season, so now were talking about no football season and when I I see these stories. Indiana becomes fifth state to clear 8 billion in sports wagering handle Illinois sports wagering operators clear 70 million in April.

Revenue Iowa the latest state to surpass 1 billion in 2022 sports wagering handle relieving a lot of money on the table. Bennett got certainly interesting. Right you look at the state for you to have a $1 billion worth of money being wagered on sporting event this year is certainly a lot of money and then depending the tax rate or bring certain number million state that another area to where some people probably debate in North Carolina built a proposed tax rate 8% of adjusted gross revenue or something along those lines is pretty low compared state. So I think there is room there to maybe debate that think when the issues of the people trying to question through discussion at the idea that it would go in without a percent and they could jot in a later bill on and hope to sort of getting it through.

Now I don't know how likely that is how some representatives would feel about that possibility but yet there's a lot still up in the air.

Not a lot of time to do it so it did one in North Carolina certainly meeting tax revenue is New York's tax rate for sports wagering revenues like a 25% or something like that you're really high. One just because the side of the state.

They can do a little bit operators to do anything that to get into the state but yet it is way up. Aaron and the 15% really common somewhere in that range. A percent, comprising five I in the bill how people were okay with that. I think it's one that you could certainly go iron work, but operators are still there. Want to come to North Carolina but I think adding a few percentage points bring in more tax revenue seems to make sense for my perspective yeah by the way it did. Also the owner of the Carolina hurricanes Tom Dunton would like nothing more than to have a sports book inside PNC arena, and to that end, Marilyn, sports books post another double-digit win rate for May like people are good at gambling probably take it manage of that of the state ledger level Bennett, from sports that this just came up. This is brand-new PGA Tour suspended 17 players there will be more because more will leave the PGA tour and go to live. How is that or how can that input impact wagering on golf yet think that income date" date of approved betting on the new torts of the live golf tour guide for each acorn got over there. Some state haven't quite done that yet, but yet to point we can have multiple cores regarding course you got another one in terms of what people are betting on. You can make an argument that there's a lot of people moving away you can actually have that new toward generating more handle and work interest among batterers PGA Tour. I still think that's a ways away. I'm still very very early with but live golf is doing that first tournament were Schwartz the one comparatively got EJ toward Lori McElroy, staring down just in, thinner pretty dramatic weekend to win that PGA Tour instill a better product that PGA Tour right now. I think that one little interesting to monitor for sure what the majors decide to do with who's like playing the US open allowing everybody. So from that perspective, you know, if you're a sports battery stoking down political thing which I would advise that on this week if you want. So I think from that perspective if they're allowed to play in the majors never quite knows or so to generate the most interest among batterers and casual fan think so, but on everyone week to week basis so that local different wager on somebody getting thrown out of a press conference at live and live events. So in Portland at the my my wager on that I got that level crop yet. It would certainly be what it's minus money. I'm sure it's going to happen. It's going to happen again because they don't like anybody asking difficult questions we we had two people escorted out of press conference actually one never really got in to the to the press conference that was the one with with Alan Shipp who wrote the book I has in his Mickelson book is out anyway that was certainly interesting. I thank you very much for your time.

Bennett, sports

Hopefully we can do it again. Do you have any idea the Stanley Cup finals suggestion at the top one I mean it hard to really go again. The applets for the later playing but it will be an interesting one I think will be competitive. I leaned in recent recent competition across different sport payments and didn't really tempting throughout the favorite. They just keep playing well right I probably lean the avalanche with Tampa Bay think that some sort of just mojo where they they can never die, so really no stock on the Colorado Tampa Bay is plus money is so tempting to take the two-time defending champs at plus money and after the Colorado Avalanche win game one as I anticipate them winning game one, it'll be even more plus money even more tempting. Bennett, and I appreciate some sports will talk again yet this is the atom gold shell June 19, 2006, but it all started May 6, 1997 the announcement that the Hartford whalers were coming to North Carolina transition of heartbreak. Figuring it out on the fly became 25th anniversary of the presented by the Carolina listen

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