North Carolina’s Online Sports Betting: What You Need to Know
Date: 2024-02-24 Author: Dima Zakharov Categories: SPORTS BETTING
North Carolina Sports Betting Set for Launch
North Carolina's journey towards online sports betting is gaining momentum as it approaches its much-anticipated go-live date on 11th March. The state's sports betting landscape is undergoing significant transformations, paving the way for exciting opportunities for both players and operators.
Regulatory Milestones
Following the approval of House Bill 347 by Governor Roy Cooper in June last year, North Carolina has been on a steady path towards establishing a regulated sports betting market. The bill outlined key timelines, including the issuance of regulations by January 8, 2024, and the commencement of wager acceptance by June 14, 2024.
Recent Developments
The North Carolina State Lottery Commission recently announced pivotal updates, underscoring the state's readiness for the impending launch. This week, the Commission granted two full sports wagering supplier licenses, alongside seven provisional licenses, signifying a significant step towards market readiness.
Responsible Gaming Initiatives
In line with promoting responsible gaming practices, the Commission introduced a voluntary self-exclusion program for residents. This initiative, part of the NC Problem Gambling Programme, allows individuals to opt for self-exclusion for varying durations, ensuring a safer betting environment.
Operator Landscape
Several prominent operators have already secured market access, including Caesars Entertainment, DraftKings, BetMGM, and ESPN Bet. Collaborations with local entities such as the Eastern Band of Cherokee Indians and the NHL's Carolina Hurricanes highlight the industry's commitment to fostering partnerships within the state.
