No more than twelve operators statewide will be able to obtain a license (i.e., companies such as FanDuel and DraftKings).

The entities that can offer or accept sports wagers will be known as operators and need a valid operator license. The North Carolina State Lottery Commission will regulate sports wagering, issue licenses, and collect license application fees. These will be located at or around professional sports venues throughout the state, enabling cash gambling without creating an online account. Additionally, the bill establishes eight in-person sportsbooks. Sports betters can bet in various ways, including single-game wagers, parlays, pools, and other methods. HB 347 defines permissible sports gambling as the placing of wages on singular sporting events, portions of sporting events, or individual performance statistics of athletes in singular sporting events or combinations of sporting events. The bill, which legalizes online “wagering” on sports (professional, collegiate, and amateur) and horse races, authorizes sports betting to begin in North Carolina on January 8, 2024. On June 14, 2023, Governor Roy Cooper signed House Bill 347 (HB 347) into law.

North Carolina Formally Enters the Sports Betting Industry As a result of the ruling, many states began quickly passing sports betting laws, eager to share in the untapped potential revenue associated with sports gambling. In that case, the Court held that the PASPA violated the Constitution’s anti-commandeering rule by prohibiting state authorization and licensing of sports gambling schemes. National Collegiate Athletic Association, overturning the Professional and Amateur Sports Protection Act (PASPA) and effectively opening the door to allow states to legalize sports betting. In 2018, the United States Supreme Court handed down its decision in the case of Murphy v. Maynard Nexsen PC Maynard Nexsen PC Main Content Main Menu Menu

What does the new gambling law mean