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North Carolina Set to Transform the Sports Betting Landscape on March 11th, 2024

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Unlocking the Excitement: North Carolina’s Sports Betting Revolution

In a groundbreaking move, North Carolina is gearing up to launch its highly-anticipated online sports betting platform on March 11, 2024. With retail wagering following shortly thereafter, sports enthusiasts across the state are counting down the days. Today, on January 24, the North Carolina State Lottery Commission gave the green light to this historic launch, setting the stage for a thrilling new era in sports entertainment.

Marking the Date: A Sports Betting Milestone

On March 1, 2024, eager players can begin registering their accounts, a critical step toward experiencing the excitement of North Carolina’s online sports betting. Not only that, but they can also start funding their accounts, ensuring they’re all set to engage in exhilarating wagers once the platform goes live.

The timing couldn’t be more perfect, as North Carolina’s online sports betting market aims to kick off just in time for the March Madness fervor—the National Collegiate Athletic Association’s (NCAA) yearly college basketball tournament. This period is nothing short of a sports betting extravaganza, and North Carolina is poised to make a grand entrance.

Behind the Scenes: The Journey to Launch

Speculation had been rampant regarding North Carolina’s go-live date, especially since the Commission had set January 26 as the deadline for operators to submit their proposed internal controls. Operators eager to join North Carolina’s sports betting scene must obtain approval for their internal controls, setting the bar high for excellence.

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Chair Ripley Rand, overseeing the licensing process at the North Carolina State Lottery Commission, emphasized that the launch date primarily hinges on the length of the license application process. In December, the Commission initiated the licensing process, granting approvals for sports betting licensure applications, thus enabling online sports betting operators and related entities to commence their license applications.

A Historic Step: Governor Roy Cooper’s Signature

The journey to North Carolina’s sports betting legalization reached a pivotal milestone when Governor Roy Cooper signed sports betting into law on June 14th of the previous year. House Bill 347, which cleared the state senate on June 1 and the state house just a week later, had been in the works since March and finally found its way to Governor Cooper’s desk on June 9.

The legislation includes provisions for betting on college sports, esports, and other sports events authorized by the Commission. Furthermore, a tax rate of 18% on each license holder’s gross gaming revenue was established. This significant move laid the foundation for North Carolina’s regulation, stipulating that the state must publish sports betting regulations by January 8, 2024, and allow operators to accept wagers by June 14, 2024.

The Lineup of Operators: Who’s in the Game?

A total of nine operators have submitted applications for sports betting licenses in North Carolina, each required to form partnerships with sports teams, leagues, or venues within the state. The lineup is impressive, with big names and exciting collaborations set to define the state’s sports betting landscape.

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BetMGM, for instance, has secured a market access agreement with the renowned Charlotte Motor Speedway, a hub for stock car racing series Nascar. DraftKings, on the other hand, is all set to make waves as it partners with Nascar, becoming the exclusive daily fantasy sports partner of Nascar in the US and Canada.

Fanatics Betting and Gaming has also entered the fray by forming a partnership agreement with NHL’s Carolina Hurricanes, marking itself as the official sports betting partner of the team.

Additionally, Underdog, the fantasy sports app, is venturing into sports betting territory, with an application for a license in North Carolina. Despite already securing a sports betting license in Ohio in late 2022, Underdog is yet to launch wagering, making it an intriguing player in the evolving North Carolina sports betting arena.

With these partnerships and developments, North Carolina is gearing up for a sports betting revolution that promises excitement, entertainment, and a thrilling future for sports enthusiasts across the state. Stay tuned for more updates as the countdown to March 11, 2024, continues!

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Jerome, a valuable addition to the Gamingo.News team, brings with him extensive journalistic experience in the iGaming sector. His interest in the industry was sparked during his college years when he participated in local poker tournaments, eventually leading to his exposure to the burgeoning world of online poker and casino rooms. Jerome now utilizes his accumulated knowledge to fuel his passion for journalism, providing the team with the latest online scoops.

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News By Region

Light & Wonder Set to Illuminate Québec’s VLT Market with Loto-Québec Deal

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A Game-Changing Alliance: Light & Wonder Joins Forces with Loto-Québec for VLT Expansion

In a strategic move set to redefine the Québec gaming market, Light & Wonder has announced a pivotal agreement with Loto-Québec. Slated for 2024, this partnership will see the introduction of Light & Wonder’s KASCADA™ DUAL SCREEN video lottery terminals (VLTs) across the province, marking a significant milestone in the company’s global expansion.

Launching a New Era of Gaming in Québec

Through this agreement, Light & Wonder will make its debut in the Québec market by supplying its state-of-the-art KASCADA™ DUAL SCREEN gaming machines. This deployment is set to revolutionize the gaming experience province-wide, offering players a diverse suite of new and engaging games.

A Diverse Portfolio for Enhanced Player Experience

The KASCADA™ DUAL SCREEN cabinet’s launch will feature a compelling game suite. Notable titles include Bonus Sevens Wild™, Monopoly Jackpot Station, Huff N’ Puff™, Life of Luxury™, 88 Fortunes™, Win 1000™, Bier Haus™, Rich Little Piggies™, Flush Frenzy™, and Jackpot Party™ Keno, promising a varied and immersive gaming experience.

Amidst a Competitive Market Landscape

This announcement comes hot on the heels of IGT’s contract to modernize Loto-Québec’s VLT network and Aristocrat’s entry into the Québec VLT gaming market. Light & Wonder’s agreement signifies its competitive edge in an evolving gaming landscape.

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Light & Wonder’s Commitment to Global Excellence

Siobhan Lane, CEO of Gaming at Light & Wonder, expresses pride in bringing their acclaimed content and hardware to Québec. This partnership not only expands Light & Wonder’s market presence but also cements its reputation as a top cross-platform global games provider.

Loto-Québec’s Strategic Collaboration

Stéphane Fraser, Executive Vice President and COO of Gaming Establishments at Loto-Québec, welcomes the partnership with Light & Wonder. This collaboration aligns with Loto-Québec’s goal of continually enhancing the gaming experience for players in the province.

Leadership and Strategic Direction

This announcement follows the appointment of Michael Marchetti to Light & Wonder’s Board of Directors, previously Director of SciPlay Corporation, which Light & Wonder acquired in October 2023. Marchetti’s expertise will further guide Light & Wonder’s strategic direction and growth.

Conclusion:

The collaboration between Light & Wonder and Loto-Québec marks a significant development in Québec’s VLT gaming market. With the introduction of innovative KASCADA™ DUAL SCREEN machines and a diverse game suite, Light & Wonder is poised to offer an unparalleled gaming experience. This agreement underscores the company’s commitment to expanding its global footprint and enhancing player experiences, solidifying its position as a leader in the gaming industry.

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