North Carolina legalizes sports betting

Published by Daniel on August 3, 2019 in Industry News

North Carolina Sports Betting LegalThe online casino industry has seen a lot of changes and improvements over the past few years.  

Recently, many states have moved to make changes to their gambling legislation and regulate the market.
 

 
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2019 seems to be a good year for sports betting as North Carolina has just become the seventh state to legalise it.
 

Sports Betting Victory 

Late this July 2019 Governor Roy Cooper singed Bill S 154 into law making North Carolina the seventh state to regulate sports betting this year.  

With the new legislation in place, the Eastern Band of Cherokee Indians will be able to operate retail sports betting at their two casinos in the Appalachian Mountains.  

During the duration of the entire legal process the bill, sponsored by Senator Jim Davis, was supported widely by both parties.  

Currently, the Cherokee tribe has a monopoly on gambling in the state and now sports betting is added to the tribe's list of authorised Class III games.  

According to the legislation, there are no integrity fee terms so players are free to bet on any sporting events. This after a request to ban wagers on in-state college teams was rejected.  

Sports bettors can now head to land-based casinos and bet on any sports events legally. Caesars Entertainment operates both Cherokee properties in the state – Valley River and Harrah’s Cherokee.  
 

No provision for mobile betting 

It’s a small victory but there is still a big battle ahead as mobile sportsbooks are still not permitted in the state. There is a separate bill close to completion that looks into state-wide retail implementation of sportsbooks.  

While the second bill is in play it remains in flux and is subject to an information-gathering process. Thus, players will have to place all wagers on location.  

The lack of a mobile betting provision in the new legislation has left many puzzled given the low estimates of sports betting revenue the land-based casinos will generate. According to sources, the casinos are expected to generate $14m per year of which the state will receive a mere $1m.  

Mobile sportsbooks, on the other hand, could drastically increase the annual revenue intake for the state. Players would have the luxury of betting from anywhere at any time instead of having to drive to one of two set locations.  

There is hope that the second bill will be put in play soon and mobile sportsbooks legalized as it could bring in much higher revenues for the state. Not only that but it could boost the iGaming Market in the state and provide players with more options to choose from.  

The last few years have shown that online gambling is increasing and more and more players prefer this method of gaming. The hesitation to legalise mobile sportsbooks in North Carolina has left many puzzled but there is still hope that the second bill will be put in motion before the end of the year.  

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For now, players can enjoy betting on their favourite sports teams from the two land-based casinos in the state.