NC, Vermont make history by legalizing sports gambling

In a groundbreaking move, the states of North Carolina and Vermont have joined the ranks of regions where sports gambling is now legal. The recent legislative decisions in these two states mark a significant expansion of gambling opportunities across the United States.

North Carolina, aiming to kickstart the sports betting industry in the state, has set a target of commencing regulated betting on sports and horse racing in the first half of next year. Meanwhile, the bill in Vermont was officially signed into law on June 14, solidifying the legalization of online sports betting in the state.

Paving the way for sports betting

Republican Governor Phil Scott of Vermont made history on Wednesday by endorsing the bill, bringing the total number of states permitting sports betting to nearly three dozen. Governor Scott expressed his satisfaction with the legislative breakthrough and said he was the first to ask the state to “legalize sports betting several years ago.”

Acknowledging the existing participation of many Vermonters in the sports betting market, Scott also emphasized the importance of bringing the industry into the mainstream. He said it was necessary to get “it above board provides important resources and consumer protections.”

To oversee sports wagering, the Vermont Department of Liquor and Lottery will collaborate with two to six sports betting operators. In conjunction with the Department of Mental Health, the department will also present an annual report to the Legislature analyzing the impact of sports betting on problem gambling in Vermont.

In North Carolina, Democratic Governor Roy Cooper mirrored Scott’s actions by signing similar legislation on the same day. This move paves the way for regulated sports and horse race betting to begin in the state during the first half of next year.

Cooper hailed the occasion as a “historic moment,” affirming it would have long-lasting economic benefits for the state.

The bill signing ceremony in North Carolina occurred at the Spectrum Center, home to the Charlotte Hornets. The new law allows professional sports venues like the Spectrum Center to host sportsbooks, among other anticipated establishments.

Having received final approval from the Republican-controlled General Assembly the previous week, the law outlines a timeframe for sports wagering to commence, ranging from January 8 to mid-June 2024. Advocates of the expansion anticipate that it will generate new revenue, create job opportunities and enhance the competitiveness of in-state professional sports teams.