As college athletics face increasing expenses related to athlete compensation, some states are allocating taxpayer money to support their universities’ sports programs. The University of North Carolina at Chapel Hill is the first to receive state funds earmarked from sports betting tax revenue.
With universities competing to pay athletes millions of dollars, some states now are propping up their strained sports budgets in ways not previously seen. The athletics program at the University of North Carolina at Chapel Hill, for the first time, is receiving $3 million earmarked from state sports betting tax.
The North Carolina Tar Heels are set to kick off the college football season against Texas Christian University in a game played in Dublin. This occurs as financial pressures on college athletic programs intensify, prompting states to intervene with public funding to maintain program viability. The $3 million allocation to UNC Chapel Hill represents a novel approach to addressing these budgetary challenges.
We don't rate truth. We strip the spin and show you which perspectives covered the story. You decide.
Read the original coverage
💬 Comments
📜 Comment Policy