Governor Roy Cooper signed into law House Bill 347, which will pave the way for sports betting in North Carolina. As early as January 8, 2024, residents can star betting on sports either on online sportsbooks or at retail locations. This is a historic moment for the state, and one that will be able to help contribute to the state’s local economy. Given how popular sports betting is, the state can collect millions in licensing fees and taxes each year from sportsbooks.
Residents may be able to access sportsbooks earlier than January 8, since the bill states that sports betting should launch within 12 months of the signing of the bill by the Governor. Governor Cooper signed the bill at the Spectrum Center, the home of the Charlotte Hornets. Incidentally, the Spectrum Center will one day house a retail sportsbook.
Those who want to become an online bookie can definitely do so, and it certainly will not take you 12 months to do so. And since online betting is very popular, you can start earning money as soon as the first game in your sportsbook ends.
Sports Betting in North Carolina
Sports betting is actually already existing in North Carolina, at three tribal casinos. But with the new bill, we can see up to 12 online licenses. Becoming a bookie is such an in-demand career move nowadays, given the popularity of online sports betting. So adding online options is a profitable and practical option. It is also convenient for bettors.
In addition, HB 347 also calls for retail venues at the Bank of America Stadium (home of the Carolina Panthers), the PNC Arena (home of the Carolina Hurricanes), the Charlotte Motor Speedway, the Quail Hollow Country Club, and four other venues.
The state estimates that they will be able to collect almost $70 million in tax revenue for the first year, and potentially reach $100 million in annual tax revenue by its fifth year. Given what we are seeing in neighboring states, the numbers are plausible. And if you want your share of the pie, then you best get started with this bookie software and create your own online sportsbook.