Retail and Mobile Sports Betting Gets Final Approval in North Carolina

North Carolina lawmakers have given their final approval to mobile and retail sports betting legislation paving the way for an industry launch in early 2024.

Retail and Mobile Sports Betting Gets Final Approval in North Carolina. The bill allows betting from mobile devices on horse racing, professional, college, and Olympic sports as well as esports.

According to the legislation’s last amendments, 12 mobile sports betting operators can apply for five-year licenses at an initial fee of $1 million. All mobile sports betting will be subject to 18% tax on gross gaming revenue.

Retail sports betting expansion

Retail and Mobile Sports Betting Gets Final Approval in North Carolina

The retail venues are:

PNC Arena, Raleigh
WakeMed Soccer Park, Cary
Bank of America Stadium, Charlotte
Spectrum Center, Charlotte
Charlotte Motor Speedway, Concord
North Wilkesboro Speedway, Greensboro
Sedgefield Country Club, Greensboro
Quail Hollow Country Club, Charlotte

Retail and Mobile Sports Betting Gets Final Approval in North Carolina could begin as soon as January 8th 2024. However, the North Carolina Education Lottery which will regulate the industry will have one year from the date that the legislation is signed into law before it must go live with sports betting.

Speaking to local news Van Denton, communications director for the lottery said:

“We’re going to work as fast as we can to get it up and running.”

Ciaran McEneaney

Retail and Mobile Sports Betting Gets Final Approval in North Carolina