Online sports betting in North Carolina is officially live.
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Eight Vermont) with a legal online sports betting launch in 2024.
The eight betting apps that went live Monday in North Carolina are:
- Bet365 (North Carolina)
- BetMGM (North Carolina)
- Caesars Sportsbook (North Carolina)
- DraftKings (North Carolina)
- ESPN BET (North Carolina)
- Fanatics Sportsbook (North Carolina)
- FanDuel (North Carolina)
- Underdog Sports (North Carolina)
What betting is permitted? 7766
Sports bettors in North Carolina can wager on an array of sports, including major professional sports leagues like the NBA. Wagering on college sports, including in-state college teams, is allowed. North Carolina, Duke, N.C. State, and Wake Forest will compete in the ACC men’s basketball tournament later this week.
While Maryland regulators recently prohibited betting on college player props, those are currently allowed in North Carolina.
Retail sports betting in North Carolina is currently limited to three tribal casinos in the state, but retail expansion is expected in the near future. These eight locations were designated in legislation as possible hosts for retail sportsbooks:
- PNC Arena (Raleigh)
- Bank of America Stadium (Charlotte)
- Charlotte Motor Speedway (Charlotte)
- North Wilkesboro Speedway (North Wilkesboro)
- Quail Hollow Club (Charlotte)
- Sedgefield Country Club (Greensboro)
- Spectrum Center (Charlotte)
- WakeMed Soccer Park (Cary)
While North Carolina has both retail and online sports betting options as well as tribal casinos, the state doesn’t have operational commercial casinos. Online casino games are also not available in the state, but brick-and-mortar and online casino expansion could be discussed during the state’s 2024 legislative session.
Tax revenue distribution q2l3w
Online sports betting operators in North Carolina pay $1 million for licenses, which last five years. Operators pay an 18% tax on their adjusted gross revenue.
Online sports betting tax revenue in North Carolina benefits numerous sources. A total of $2 million will go annually to the Department of Health and Human Services for gambling addiction and education and treatment programs. Another $1 million will go annually to North Carolina Amateur Sports. An additional $1 million goes to the North Carolina Outdoor Heritage Advisory Council for grants.
Thirteen college athletic departments in the state will receive $300,000 annually from sports betting revenues. Those colleges included Appalachian State and East Carolina.
Of the remaining revenue, 50% goes to the state’s general fund. Another 30% goes to the North Carolina Major Events, Games, and Attractions Fund. The final 20% is distributed equally to the 13 athletic departments receiving $300,000 annually.
