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State of North Carolina launches legal online sports betting
After several years on the sideline, North Carolina became the 30th state -- in addition to Washington, D.C. -- to offer legal online sports betting Monday. The basketball-wild jurisdiction gets its online sports betting infrastructure up and running just in time for March Madness.
The Tar Heel State spent the first few years following the fall of PASPA (Professional and Amateur Sports Protection Act of 1992) watching other states legalize sports betting and went through numerous iterations of its sports betting law. That is, until June, when Gov. Roy Cooper signed HB 347 into law, which specifies that up to 12 interactive sports wagering licenses can be granted in the state.
Following the application process for the country's major sportsbook operators -- who all paid a $1 million licensing fee -- eight will go live for the start of online sports betting in North Carolina. The law dictates that all operators must partner with an existing North Carolina sports team, venue and/or Native American tribe and must make efforts to offer in-person betting with their partners.
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