NC S154

Permits Class III gaming activities on federally recognized Indian tribal lands held in trust by the U.S. government, including gaming machines, live table games, raffles, video games, and sports and horse race wagering.

Requires all Class III gaming to be conducted in accordance with a valid Class III Tribal-State Gaming Compact negotiated by the Governor and approved by the U.S. Department of the Interior.

Mandates that all monies paid by tribes under a Gaming Compact be deposited into the Indian Gaming Education Revenue Fund.

Limits each Indian tribe to no more than three Class III gaming facilities, and declares any Compact authorizing more than three facilities invalid.

Defines sports wagering as placing wagers on professional and collegiate sports contests and horse race wagering as fixed odds or pari-mutuel wagering on thoroughbred, harness, or other horse racing, with all wagers required to be initiated and received on permitted Indian lands within the state.