House committee substitute to the 2nd edition makes the following changes.

Amends new GS Chapter 18E to remove fantasy sports regulations (proposed Subchapter V, Articles 25 and 26). Amends proposed GS 18A-113 (appears to intend GS 18E-113) to bar a legislator or former legislator from serving on the NC Gaming Commission (Commission) while in office or within 12 months after leaving office. Amends proposed GS 18E-117 to specify that the Commission does not have authority to regulate or oversee any gaming conducted pursuant to a compact between the State and a federally recognized Indian Tribe. 

Modifies the required study by the Commission, now also requiring the Commission to examine whether gambling losses should be eligible for deduction on state income tax filings. Now requires the Commission to report to the Joint Legislative Oversight Committee on the State Lottery by February 15, 2020 (rather than to the 2020 Regular Session of the 2019 General Assembly by January 31, 2020).

Provides that no action or proceeding pending on August 31, 2019, rather than those pending on May 1, 2019, brought by or against the North Carolina Lottery Commission, the State Bureau of Investigation, the Alcohol Law Enforcement Branch of the Department of Public Safety, or the Boxing Advisory Commission is affected by any provision of this act, and may be prosecuted or defended in the name of the North Carolina Gaming Commission. Makes conforming date changes to allow any business or other matter undertaken or commanded by any State program or office or contract transferred to the Commission pertaining to or connected with the functions, powers, obligations, and duties set forth herein, which is pending on August 31, 2019, to be conducted and completed by the Commission in the same manner and under the same terms and conditions and with the same effect as if conducted and completed by the original program, office, or commissioners or directors thereof. Further specifies that the consolidation does not affect any ongoing investigation or audit and that prosecutions for offenses or violations committed before August 31, 2019 (was, May 1, 2019), are not abated or affected by this act, and the statutes that would be applicable but for this act remain applicable to those prosecutions.

Adds that the members of the NC Lottery Commission appointed under current law will operate as the NC Gaming Commission until appointments have been made to the Gaming Commission pursuant to the act.

Changes the effective date of the act from January 1, 2020, to September 1, 2019.

Makes conforming changes to the act's long title.