North Carolina is set to join the growing list of states offering legal online sports betting. With its launch scheduled for March 11, 2024, this guide provides a detailed overview of what bettors in the Tar Heel State can expect, including information on betting apps, promotions, regulations, and the variety of legal sports betting options available in NC, which will include March Madness.
Sports betting history in North Carolina
North Carolina sports betting has existed for years in various forms. Here’s a timeline of the progression of NC sports betting:
- May 14, 2018: The U.S. Supreme Court’s decision allows states to legalize sports betting.
- July 26, 2019: North Carolina legalizes sports betting on tribal lands.
- January 2020: Revenue-sharing deal with the Catawba Indian Nation.
- March 18, 2021: First sports bets placed at Cherokee casinos.
- April 7, 2021: The first bill for expanded legalization of sports betting is introduced.
- June 8, 2023: North Carolina Governor Roy Cooper signs H347 into law, legalizing online sports betting.
- March 1, 2024: The registration period for online sports betting accounts begins in North Carolina.
- March 11, 2024: Online sports betting operators begin taking wagers in North Carolina.
Introduction to online sports betting in North Carolina
The legalization of online sports betting in North Carolina with H347 marks a significant milestone in the state’s gambling history. Governed by the North Carolina Lottery Commission, the state is poised to introduce up to 11 online sports betting apps, each in partnership with in-state entities like professional sports teams or motorsports facilities.
North Carolina licensing, taxes, and fees for sports betting
Operators are required to adhere to strict licensing protocols, including an annual fee of $1 million over five years. Additionally, they will be taxed at an 18% rate on adjusted gross revenue. Notably, mobile betting is not permitted on tribal lands as per the state’s regulations.
Betting options and age requirements for NC sports betting
Bettors in North Carolina will have the opportunity to place wagers on a wide range of sports, including professional, collegiate, and Olympic events. The legal age for participating in online sports betting is set at 21 years and older.
North Carolina geolocation and sports betting compliance
To comply with state-specific betting laws, operators must use geolocation technology. This ensures that all bets are placed within North Carolina. Bettors will need to enable location settings on their devices or use a geolocation plugin for web-based betting platforms.
Online sports betting launch date and expected sportsbooks
The much-anticipated launch of online sports betting is set for March 11, 2024. Major sports betting platforms like DraftKings, FanDuel, and BetMGM are expected to be among the first to offer services in the state.
North Carolina sportsbook promotions and bonuses
Promotions and bonuses are a significant aspect of online sports betting. Bettors in North Carolina can look forward to various promotional offers, such as welcome bonuses, deposit matches, and other incentives from different operators. These offers are designed to attract new users and enhance the betting experience.
North Carolina pre-launch (a.k.a. “early sign-up”) promotions
From March 1 until March 11, North Carolina residents will be able to pre-register for online sports betting accounts. While details have not yet been announced, the expectation is that many North Carolina sportsbooks will offer special deals that provide enhanced value to users who jump on board early.
Check out each of the major sportsbooks expected to provide these promotions:
- DraftKings North Carolina
- FanDuel North Carolina
- BetMGM North Carolina
- Bet365 North Carolina
- Fanatics North Carolina
- Caesars North Carolina
Impact of sports betting on North Carolina
The introduction of online sports betting is expected to bring substantial benefits to North Carolina, including increased tax revenue and a more regulated gambling environment. It also opens up a new realm of entertainment for sports enthusiasts and bettors in the state.
Conclusion
North Carolina’s foray into online sports betting is a landmark development for the state’s gambling industry. As we approach the launch date, both residents and visitors can anticipate a diverse range of betting options, promotional offers, and a user-friendly betting environment.
Stay tuned to this page for more updates and information as we move closer to the launch of legal online sports betting in North Carolina!
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