North Carolina House votes to legalize sports gambling
North Carolina House approves sports betting legislation with estimated launch date on January 8, 2024
The North Carolina House has voted in favor of legislation that would legalize sports gambling, regulating and taxing the industry in the state. The bill would allow for in-person and online betting on professional, college, and Olympic sports, with a launch date of January 8, 2024. The bill needs one more House vote to move to the Senate, with the governor and Senate leader already in support.
The legislation would direct the North Carolina Lottery Commission to issue 10-12 interactive sports wagering licenses subject to background checks and $1 million application fees. The state could potentially bring in $80 million in annual revenue from the industry, with the tax revenue going towards athletic programs and problem-gambling initiatives.