In a significant move for sports enthusiasts and bettors alike, North Carolina has officially legalized sports betting. This development marks a new era for the Tar Heel State, opening up a world of opportunities for both residents and visitors.
In a statement made during a signing ceremony for the bill legalizing sports betting in North Carolina, Governor Roy Cooper made this statement:
“The governor believes that North Carolina taxpayers should benefit from sports wagering, which is already occurring, and this legislation provides a way for that to happen within the bounds of the law,” Cooper’s office said in a statement to LSR. “Additional work needs to be done to make sure the NC Lottery Commission has what it needs to set up and regulate this industry.”
The Journey to Legalization
The journey to legalization has been a long one, but the wait is finally over. North Carolina Governor Roy Cooper signed new online sports betting legislation into law on June 14, 2023. This landmark decision followed the successful operation of retail sports betting at two Caesars sportsbooks in the western portion of the state, both of which are part of tribal casinos — the Harrah’s Cherokee Casino Resort and Harrah’s Cherokee Valley River. A third tribal casino, Catawba Two Kings, began offering sports betting in September 2022.
The Dawn of Online Betting in The Tarheel State
While the legalization of retail sports betting was a significant step, the introduction of online sports betting is a game-changer. However, eager bettors will need to exercise a little more patience. The new law stipulates that online sportsbooks in North Carolina will not be able to launch until at least January 8, 2024.
This delay is necessary to ensure that all regulatory measures are in place and that the online betting environment is safe and secure for all users. The law opens the market to up to 12 sportsbooks, each license carrying a $1 million fee for five years.
What This Means for Bettors
The legalization of sports betting means that fans can now engage more directly with their favorite sports. Whether you’re a fan of the NFL, NBA, MLB, or a follower of college sports, you’ll be able to place wagers on your favorite teams and enjoy the thrill of the game in a whole new way.
In addition to enhancing the sports viewing experience, the move also promises to boost the state’s economy. The sports betting industry is a lucrative one, and the tax revenue generated from it will contribute significantly to the state’s coffers.
The North Carolina Education Lotterywill now work to launch online sports betting platforms in the state and made this comment on the situation: “Once the legislation is approved, the NC Education Lottery will know the full extent of what its responsibilities are under the state’s new sports betting law,” the statement reads. “This will be a new responsibility for the lottery and the lottery is evaluating how much there will be to do and how quickly it all can be done.”
This will be a whole new way to enjoy our favorite sports. So, buckle up and get ready for the ride, because the next few months are going to be a game-changer!
Please note that while this blog post provides an overview of the legalization of sports betting in North Carolina, it’s always a good idea to check the most recent laws and regulations in your area.