North Carolina Awaits Launch Date for Legalized Sports Betting

Anticipation Grows for North Carolina’s Sports Betting Launch

North Carolina remains on the brink of a new era in sports gambling, but the state is still without a definitive launch date for legalized sports betting. Despite the Legislature’s approval during the 2023 session, enthusiasts and stakeholders await a concrete timeline.

State Lottery Commission’s Progressive Steps

While the North Carolina Lottery Commission actively progresses other matters, setting a launch date for sports betting remains a high-priority issue. Governor Roy Cooper has expressed a desire to have sports betting operational by March Madness, indicating a significant push towards finalizing the process.

Deliberations and Preparations Underway

As of now, the commission has received a substantial number of applications from potential operators, service providers, and suppliers. This influx represents about 44% of the total requested applications, as per Deputy Director of Sports Betting, Sterl Carpenter. The commission’s current focus is on vetting these applications and preparing for the operational phase.

Detailed Compliance and Certification Processes

The commission is not only vetting applications but also finalizing the details of operators’ internal controls. This phase involves comprehensive testing and demonstration of various functionalities, including daily reporting capabilities, player account management, and geolocation services.

Mobile Wagering: The Initial Phase of Launch

Officials anticipate an initial launch focusing on mobile sports wagers, with a subsequent phase for brick-and-mortar locations. This tiered launch approach, already seen in other states, allows for a more controlled and efficient rollout.

Independent Testing Labs to Ensure Compliance

In addition to application reviews, the commission has unanimously approved two independent testing labs, Gaming Labs International and BMM Testlabs, to oversee gaming equipment and compliance. Their involvement is crucial in maintaining industry standards.

Legislative Framework and Financial Projections

Legislation enacted in June provides a framework for launching sports betting in North Carolina, with a deadline of June 14. The fiscal impact of this move is significant, with projections estimating an 18% betting tax could generate up to $64.4 million in the next fiscal year.

A Pivotal Year for North Carolina’s Betting Landscape

As 2024 progresses, the exact timing for the launch of sports betting in North Carolina will depend on the completion of background checks, internal control verifications, and certifications. This year is poised to be a landmark period in shaping the state’s sports betting landscape, with potential revenue ranging from $47 million to $126 million in the initial years.