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The Grueling Truth - Where Legends Speak / North Carolina grants licenses to 8 companies for March 11 mobile sports betting launch

North Carolina grants licenses to 8 companies for March 11 mobile sports betting launch

Publish Date: 03/02/2024
Fact checked by: Mike Goodpaster

Approximately ten days before the commencement of online sports betting in North Carolina, the State Lottery Commission unveiled the list of eight companies granted licenses as interactive sports wagering operators. Starting on Friday, March 1, individuals can initiate early registrations in anticipation of the official sports betting launch scheduled for Monday, March 11.

The state lottery commission has approved eight mobile sports online betting sites as the regulatory authority. Anticipation is high among residents eagerly awaiting the arrival of sports betting. The Sportsbooks have invested weeks in robust promotional efforts leading up to their debut in North Carolina, fueling enthusiasm among those looking forward to capitalizing on the opportunity.

The Commission received nine operator license applications and anticipates approving more soon. Additionally, they granted three full supplier licenses, 18 provisional licenses, and three service provider licenses.

As of Thursday, the state has granted official licenses to eight online sportsbooks, which include FanDuel Sportsbook, BETMGM, LLC., DraftKings, Fanatics Sportsbook, bet365, ESPN BET, Underdog Sports Wagering, Tribal Casino Gaming Enterprise.

Issuing the first interactive sports wagering operator licenses today represents a major milestone in establishing legal sports betting in North Carolina.

Ripley Rand, Chair of the North Carolina State Lottery Commission

NC Forecasts $6.5B from Mobile Gambling

The introduction of legalized mobile gambling is expected to yield an estimated $6.5 billion in its inaugural year of operation in North Carolina. This substantial revenue will be divided, with half allocated to the general fund and the remainder distributed to various sectors, including University Athletic funds, the state’s significant games and attraction funds, and contributions to the NC Problem Gambling Program. Despite these financial prospects, there are concerns regarding the user interface and experience of the mobile betting apps.

Who can place a bet?

Starting Friday, March 1, residents of North Carolina can initiate the sign-up process for mobile accounts. Although deposits into these accounts become permissible from noon on Friday, actual sports betting activities are restricted until March 11.

To engage in betting, individuals must meet the minimum age requirement of 21 and create an account with a licensed operator.

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