North Carolina On the Verge of Legalizing Sports Betting

North Carolina On the Verge of Legalizing Sports Betting

North Carolina sports betting

North Carolina is close to letting people bet on sports because lawmakers are working hard to pass a bill in 2023. Despite the failed attempts the year before, both Democrats and Republicans have shown significant support for the new law.

The goal of the state of North Carolina is to demonstrate that it is ready and willing to legalize sports betting there. The ambitious goal of House Bill 347 is to make it easier for people to bet on sports online and to build platforms for virtual bookmakers. North Carolina will also get at least ten licenses for interactive games.

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This will let sportsbooks take part in online betting. But, sportsbooks would need to fork up a million-dollar license fee, which would need to be renewed every five years. Despite the exorbitant price, the state is confident they won’t have any trouble finding eligible applicants.

There are three tribal casinos in the state, but there are no commercial casinos, pari-mutuel betting centers, racinos, or other privately owned places to gamble.

The Cherokee Nation’s three casinos are successful and have gambling licenses. Legislators typically do not view them as their responsibility because tribal administrations are in charge of them.

Strong Support for North Carolina Sports Betting

All political factions in North Carolina have voiced their strong support for the legislation, and 40 members of the House have also done the same. It is anticipated that any attempt to stop the law’s approval this year will be fruitless because the bill just needs 21 more votes to receive majority support.

Even though most of the country has already moved quickly to legalize sports betting, with 33 states and the District of Columbia now allowing it, North Carolina is following in the footsteps of other states.

The state of North Carolina is hopeful that allowing sports betting will boost its economy and bring in money for the state.

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About Lou De Aguila

Lou Aguila is a news and feature writer for Golden Casino News. For over a decade, Lou has published news and featured articles for some of the most reputable sports betting and online casino sites in the world, including BetNow.UK, VegasOdds, and BWin. Apart from being a hardcore live casino punter, he also covers sports stories in North American leagues from time to time.