Bettors in North Carolina Should Be Excited

Armando Bacot #5 of the North Carolina Tar Heels reacts in the second half of the game against the Kansas Jayhawks. Jamie Squire/Getty Images/AFP

Sportsbooks like FanDuel, which are professional and experienced and that operate online would love to expand their business into the state of North Carolina.

To be sure, sports betting is already legal in this state. However, the top sports betting sites are currently not allowed to run. This could change very soon, though, as the requisite legal machinery is finally approaching certain potentially groundbreaking decisions.

Status Quo

While sports betting is legal in North Carolina, it is currently only retail-based. In order to wager on sports, bettors in this state must access sportsbooks in a couple of tribal casinos. Of course, this isn’t as convenient as placing bets at home in one’s pajama pants.

It is great that sports betting is legal at all in the state, but sports betting would generate greater revenue for the state if customers could place wagers more easily, which they could do if mobile sports betting were also a legal option.

Ongoing Efforts

The effort to legalize mobile sports wagering in the state has been an ongoing one for a while now. Last year, the Senate passed a bill (SB 688) that would have allowed the likes of FanDuel and BetMGM to operate in the state.

However, the House has to approve. We saw this issue in Massachusetts: the Senate and the House are far apart on the issue of how legal sports betting should be managed.

Most strongly, politicians are disagreeing on the extent to which sportsbooks should be taxed and the licensing fees that they should face. These conflicts reveal politicians’ desire for revenue, which they must balance against the interests and desires of sportsbooks operating in their state.

End of the Month

We will know more by the end of June. The state’s House has until the end of this month to pass their version of the Senate’s sports betting bill.