North Carolina Online Sports Betting Launches In Less Than Two Weeks!

The countdown is on as North Carolina gears up for the much-anticipated launch of online sports betting.

Best part? It's just under two weeks to go!

With that, the North Carolina State Lottery Commission, a well-known regulator, has given the green light to as many as 8 operators, signaling a major step forward in the state's gambling scene.

Come March 11, North Carolina will witness the launch of online sports betting, marking a pivotal moment in the state's gambling history. This milestone was made possible by the enactment of House Bill 347, signed into law by Governor Roy Cooper last year.

Are you ready for another revolution in the industry?

A Diverse Array of Operators

The lineup of approved operators includes industry heavyweights, which will give players from this state the opportunity to check out amazing and diverse offerings.

This includes FanDuel and DraftKings, alongside prominent names like Bet365, BetMGM, ESPN Bet, and the rising star, Underdog. Each operator brings its unique expertise and offerings to the table, promising an exciting and diverse betting experience for players.

To gain entry into the North Carolina market, approved brands had to forge strategic partnerships with local sports entities.

As a result, DraftKings partnered with Nascar, while BetMGM joined forces with the Charlotte Motor Speedway. These collaborations highlight the importance of fostering strong relationships within the local community.

Caesars Entertainment, known for its innovative ventures, secured a tribal cooperation with the Eastern Band of Cherokee Indians (EBCI). Although awaiting final approval, Caesars' partnership shows its desire to expand its reach and offer unique gaming experiences to players in North Carolina.

Preparation and Responsibility

As the launch date approaches, operators are gearing up for registration and deposit openings on March 1. Meanwhile, the Commission has implemented proactive measures to promote responsible gambling, including a voluntary self-exclusion program aimed at safeguarding players.

With tax rates set at 18% of gross gaming revenue, online sports betting in North Carolina is expected to generate substantial revenue for the state. This revenue will contribute to vital public services and infrastructure projects, benefiting communities across the state.

As the countdown to launch day begins, anticipation and excitement are palpable among operators and players alike. The launch of online sports betting represents a new chapter in North Carolina's gambling landscape, offering an unprecedented level of accessibility and excitement for sports fans across the state.

Source:

''North Carolina issues eight online sports betting licences ahead of launch'', igamingbusiness.com, March 01, 2024.