North Carolina Set to Launch Mobile Sports Betting on March 11, 2024

North Carolina is preparing to make its mark in the world of mobile sports betting as the North Carolina State Lottery Commission has officially approved the launch date of March 11, 2024. This exciting development will be followed shortly by retail wagering, expanding the options for sports enthusiasts and bettors alike.

Prospective players will be delighted to know that they can start registering for their accounts as early as March 1, 2024. Moreover, they can also begin to fund their accounts from this date onwards, setting the stage for an exciting sports betting experience in the Tar Heel State.

The launch date aligns perfectly with the much-anticipated NCAA's March Madness, a yearly college basketball tournament that garners immense attention from sports bettors. North Carolina's online sports betting market is primed to kick off just in time for this pivotal sporting event.

The North Carolina State Lottery Commission is overseeing the licensing process, with the launch date contingent on how swiftly the license applications are processed. The journey began in December when applications for sports betting licensure were approved, allowing operators to commence their licensing applications.

North Carolina's path to regulated sports betting began when Governor Roy Cooper signed sports betting into law on June 14, 2023. The House Bill 347, which included provisions for betting on college sports, esports, and other authorized sports, set the stage for this exciting development. Taxes will be levied at 18% of each license holder's gross gaming revenue.

A total of nine operators have submitted applications for sports betting licenses in North Carolina, each required to partner with a sports team, league, or venue within the state. Notable operators such as BetMGM, DraftKings, and Fanatics Betting and Gaming have made strategic partnerships to enter the North Carolina market, promising an array of exciting options for sports betting enthusiasts. Underdog, a fantasy sports app, is also set to join the mix, expanding its presence from Ohio to North Carolina.

As North Carolina takes its first steps into the world of mobile sports betting, sports enthusiasts and bettors are eagerly awaiting the launch date of March 11, 2024, when they can dive into a new era of sports wagering excitement.