A bipartisan House bill was introduced on Monday in North Carolina. The bill would legalize sports betting in the Tar Heel state. It could also open the market to licensed operators such as 20Bet.
“Other states are doing it. “I don’t see what the big thing would be,” said Raleigh sports fan Terence Sapp. He commented while enjoying lunch at Woody’s Tavern, a downtown sports bar. He expressed support for the widespread adoption of sports betting across the State.
The 24-page bill specifies the framework for the legalization process, emphasizing the rule for an interactive sports wagering license. This license is necessary for any person or entity looking to establish a sports betting operation within the State or from other locations.
North Carolina’s New Sports Betting Bill: Opening Doors for Online Betting and Impacting Major Events
The law says you can’t run or use sports betting services without a special license in this State. The rules will allow 10 to 12 companies to run online sports betting operations. This change could affect how sports betting works in North Carolina. It would let trusted companies join in.
- Professional sports
- College sports
- Electronic sports
- Amateur sports
- Any other event that the Commission has approved
Please check back for updates. ABC11’s Joel Brown is examining the Sports Wagering bill. He will provide more details and answers from lawmakers.
The bill also comes the day after Selection Sunday. College teams are near their place in the bracket of 68 teams. They will play in the NCAA tournament, also known as March Madness.
North Carolina Eyes Legal Sports Betting with Focus on Responsibility
In a recent interview with ABC 11, Ricky Gold – CEO and founder of Juice Reel – clarified that Juice Reels should not be mistaken for a gambling company like Draft Kings or Fan Duel. It’s an app that lets users link their gaming accounts. They can see real-time data on wins and losses and make smarter bets.
“North Carolina is in the next tier that everybody has their eye on,” Gold says. He says it’s outside the tier of Texas, California, and Florida. “Ten plus million people in North Carolina. That’s a big market.”
Gold expressed his support for a specific provision in the bill which deals with the issue of gambling addiction. It’s a $2 million annual payout to NC DHHS. The funds will fund education and treatment programs for gambling addiction.
“I think you can’t overlook the importance of responsible betting,” he said. “That’s why I’m proud of what we do at Juice Reel regarding responsible betting.”
If you feel like you’ve heard this before, you’re right. An identical bill was filed in 2021 and got the backing of a Senate panel, but it needed to make it far enough to become law.
“I think we’re gonna have success this year,” said Durham County State Rep. Zack Hawkins. He is one of four House members in a bipartisan group sponsoring the measure. It aims to legalize sports betting, including internet-based platforms, in North Carolina.
“This is the time (the bill will pass),” Hawkins confidently said. We have contacted every member of the House in the General Assembly. We ensured they were briefed on the nuances of the bill. The bill encompasses both physical and internet sports betting operations. “We want to ensure everyone is very familiar with the content. All individuals have been given a fair chance to articulate their viewpoints. If aspects need to be changed, we’re open to suggestions,” he elaborated.
Hawkins thinks the new sports betting law will include online betting. He believes the government could approve it, and Governor Roy Cooper may sign it in about a month. He thinks this could bring in up to $50 million a year from taxes on betting within five years. It could help the State’s economy grow through regular and online betting.