CHARLOTTE, N.
C.
"It's going to go to universities and their athletic departments, it's going to go to a fund that's going to help to attract business and tourists to North Carolina and to help with major sporting events," Cooper said.
Charlotte Mayor Vi Lyles said the revenue from sports betting will "help us elevate what we're doing now.
Anyone 21 or older will now be able to place a bet on college or professional sports online or in-person.
The bill passed the Senate 37-11 on June 1.
That money will come from taxes collected from bets.
The proposed bill has already passed in the House.
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