On Wednesday morning, Governor Roy Cooper signed House Bill 347 into law, legalizing online sports gambling in the state. North Carolina is the 25th state in the country to allow online sports gambling, though several others permit the practice in brick-and-mortar casinos.

Here’s a quick rundown of what will change around the state as the law is implemented:

What sports can be bet on?

Customers ages 21 and over can place online bets on professional, college and Olympic-style sports. This includes stock car and horse racing.

When can online gambling begin?

The Associated Press estimates sometime in the next six to 12 months. In the meantime, the North Carolina Lottery Commission will award 12 licenses for operators to take online sports bets from North Carolinians.

What about in-person gambling?

If you’d like to place a bet in person, North Carolina’s three tribal casinos (two in Cherokee and one in Kings Mountain) are still accepting bets.

In addition, eight facilities in the state will be able to operate a sportsbook in the coming months.

  • Bank of America Stadium (Charlotte)
  • Spectrum Center (Charlotte)
  • Charlotte Motor Speedway
  • Quail Hollow Country Club (Charlotte)
  • PNC Arena (Raleigh)
  • WakeMed Soccer Park (Cary)
  • Sedgefield Country Club (Greensboro)
  • North Wilkesboro Speedway

These sportsbooks will take cash bets from anyone over 21. Horse-race betting will be through separate operators.

What are the financial effects?

The law would impose a sports gambling tax equal to 18 percent of gross betting revenue minus winnings. Several universities around the state, including North Carolina Central University in Durham, are set to receive $300,000 annually from license fees and taxes collected on the industry. UNC is not included among that list of schools. $2 million will be allocated to the North Carolina Department of Health and Human Services, $1 million to North Carolina Amateur Sports and $1 million to the North Carolina Heritage Advisory Council.

 

Featured image via UNC

Chapelboro.com does not charge subscription fees, and you can directly support our efforts in local journalism here. Want more of what you see on Chapelboro? Let us bring free local news and community information to you by signing up for our biweekly newsletter.

Related Stories
‹
North Carolina Government Makes Big Tax Revenues Quickly from First Year of Sports Betting
North Carolina government cashed in early when it came to reaping fiscal benefits from authorized sports wagering in the ninth-largest state.
North Carolina Sports Wagers Well Over $1 Billion in First Months Under New Law, Report Says
People in North Carolina have bet more than $1 billion on sports since the state began taking online wagers two months ago.
North Carolina Republicans Are in a Budget Standoff Because of Gambling Provisions
Written by GARY D. ROBERTSON Republicans at the North Carolina legislature converged Tuesday in a standoff over an already long-delayed budget plan because the House and Senate disagree on adding provisions that would further expand state-sanctioned gambling. House Speaker Tim Moore said not enough of his GOP colleagues in the chamber are willing to support a […]
Top North Carolina Senator Says Chances for Approving More Sanctioned Gambling “Better Than 50-50”
Written by GARY D. ROBERTSON One of North Carolina’s most powerful legislators expressed optimism Thursday that a further expansion of state-sanctioned gambling will be worked out before legislators end this year’s regular business later this summer. The General Assembly hasn’t adjourned while House and Senate Republicans negotiate sticking points on a two-year state government budget […]
Sports Gambling in North Carolina a Better Bet With Likely Final Votes Next Week
Written by GARY D. ROBERTSON Legalized sports gambling starting next year in North Carolina now seems a better bet as the state House’s top leader said Thursday he expected his chamber would accept alterations to its own proposal made by the Senate. House Speaker Tim Moore’s comment was a turnabout for him from Wednesday, as […]
Revived N. Carolina Sports Wagering Bill Wins Big House Vote
Written by GARY D. ROBERTSON Sports gambling in North Carolina soared over a major hurdle on Tuesday as the House voted for legislation to permit, regulate and tax wagering activities less than a year after the chamber scuttled a similar effort. The winning 66-45 vote for pro-gambling forces signals the legislature could be willing to […]
On Air Today: Steve Bittenbender on Mobile Sports Betting Coming to NC
Writer and analyst from BetCarolina.com Steve Bittenbender joins 97.9 The Hill ahead of North Carolina launching mobile sports betting.
North Carolina Gov. Cooper Isn’t Sold on Tax-Cut Restrictions by Republicans Still Finalizing Budget
Written by GARY D. ROBERTSON North Carolina Democratic Gov. Roy Cooper said on Tuesday he’s skeptical that an apparent tax agreement by Republican legislative leaders within a state budget that’s still being negotiated would over time protect revenues to fund pressing needs within government. House Speaker Tim Moore and Senate leader Phil Berger provided on Monday few […]
Four New Casinos, Video Gambling Could Be on Horizon as North Carolina Republicans Negotiate
Written by GARY D. ROBERTSON As many as four new casinos as well as video gambling machines could be authorized in North Carolina under proposals now being discussed by legislators, the top General Assembly leaders said on Thursday. House Speaker Tim Moore and Senate leader Phil Berger told reporters separately about the ideas, which they […]
Roy Cooper Just Signed N.C.'s Sports Gambling Bill. What Does That Mean?
On Wednesday morning, Governor Roy Cooper signed House Bill 347 into law, legalizing online sports gambling in the state. North Carolina is the 25th state in the country to allow online sports gambling, though several others permit the practice in brick-and-mortar casinos. Here’s a quick rundown of what will change around the state as the law […]
›