What Would Happen to VLTs If North Carolina Adds Casinos? Lawyer Explains
Entertainment Law attorney Timothy Lowry spoke to NCSharp about the potential impact and implications of the proposed casino and video lottery terminal (VLT) expansion in North Carolina. VLTs are currently illegal in North Carolina. However, State Rep. Henry Warren estimates there are anywhere from 60,000 to 100,000 VLTs operating illegally in the state. Mr. Lowry highlighted the significate untaxed revenues opportunities and potential for illicit use arising from these machines.
"Aside from the fact that these machines often do not have any internal controls or customer checks in place to guard against problem gambling activity is that the revenues generated from these unregulated machines are untaxed and can be used to fund illegal activities," he said.