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North Carolina Sportsbooks We Expect To See
Soon, sports enthusiasts in North Carolina will have the opportunity to place bets on their favorite leagues using the best sports betting apps once North Carolina's sports betting becomes operational.
The Tar Heel State officially legalized mobile sports wagering in June 2023, and it is expected that the initial NC betting apps will receive clearance for launch in early 2024. Expectations are now high for all sports bettors in the state at the moment providers start offering their services.
North Carolina Sports Betting: The Latest
On June 14, 2023, North Carolina Governor Roy Cooper signed the sports betting bill HB 347 into law. This legislation allows for the potential launch of up to 12 North Carolina betting apps and the establishment of eight retail sportsbooks.
These operators will be obligated to adhere to an 18% tax rate on their North Carolina sports betting revenues, with the generated funds allocated to support public services and athletic programs.
Over the coming months, the North Carolina Lottery Commission will be engaged in crafting the necessary legal framework and evaluating license applications.
While the earliest possible date for the debut of the first sports betting apps in the state is January 2024, potential delays could push their availability closer to the Super Bowl. Governor Cooper has indicated that regulators are actively working toward a January 2024 launch for NC betting apps.
Possible NC Sportsbooks
North Carolina's potential impact on the sports betting landscape appears significant, particularly when compared to its neighboring states. A quick look at the population figures relative to its neighbors illustrates a clear picture.
North Carolina’s population is now at 10.55 million, while Tennessee is now at 6.975 million, followed by Virginia’s 8.642 million. Primarily, it indicates that operators will be eagerly seeking the opportunity to launch their services in North Carolina.
Given that NC is a densely populated state with millions of passionate sports enthusiasts, leading candidates are already exploring the possibility of entering the North Carolina sports betting scene.
Caesars holds a prominent position on this list because it already operates two retail sportsbooks in the state, one at Harrah's Cherokee and the other at Harrah's Cherokee Valley River.
Furthermore, there is potential for additional contenders to enter the competition. PointsBet, whose US assets were recently acquired by Fanatics, may seek a license. The same applies to Bet365, Sports Illustrated and several other operators.
Expected NC Sportsbook Promos
In the competitive landscape of North Carolina sportsbooks, providers will look for bettors' attention. One way in which sportsbooks seek to attract customers is through welcome bonuses.
The specific nature of these opening promotions at North Carolina sportsbooks is yet to be determined and will depend on several factors, including which operators obtain licenses and how the State Lottery Commission regulates bonuses.
Deposit Match Bonuses, Bet Insurance or Second-Chance Bets, Bet and Get Promotions and bet credit, Odds Boosts, and other promos specific to various sporting events and leagues will be common in the state.
It's important to understand that sports betting bonuses provide bonus credits, not cash. This means the earned bonus cannot be withdrawn immediately. The amounts granted must be wagered before they become withdrawable.