I havent been able to get a clear answer on this. If DFS is not regulated and taxed in NC then i shouldn't have to pay state taxes on my yearly winnings right? Only Federal taxes. If so what is it taxed under and at what %
Rather than focus on saving tax dollars you should notice that--according to you--NC did NOT legalize DFS--which means you might not have to worry about paying taxes on your illegal winnings.
Wrong. The income is taxable, whether legal or not. Same as for income from embezzlement, illegal drug sales, or racketeering.
