NC Gets Seven Sportsbook Applications Ahead of Spring Launch
Further steps have been taking in the online sportsbook launch in North Carolina. The North Carolina State Lottery Commission is in charge of sports betting in Tar Heel State. The way it works is that sportsbook operators have to partner with a professional sports team, venue, the PGA Tour, or NASCAR. Last week the State Lottery Commission unveiled the list of companies that have applied to receive retail and online sports betting privileges ahead of the agency’s “recommended submission” deadline of December 27th.
Of the seven companies, sports betting market leaders DraftKings and FanDuel highlight the group. Other sports betting companies include BetMGM, ESPN Bet, Fanatics, bet365, and Underdog Sports. State lawmakers and Gov. Roy Cooper (D) legalized sports betting last June. The North Carolina State Lottery Commission, which is tasked with licensing and regulating the state’s new expanded gaming industry, says it will need up to 90 days to review the online sports betting applications and issue licenses.
The law requires that betting commence by June 15, 2024. Cooper has said he wants sportsbooks taking bets by the time March Madness begins. He had initially said by the Super Bowl, but that’s not happening. North Carolina is home to arguably the biggest rivalry in college basketball. The North Carolina Tar Heels and the Duke Blue Devils are considered blood enemies. Throw in North Carolina State in the mix and you can see why the governor would like it ready to go for March Madness.
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