Anatomy of North Carolina’s Sports Betting Bill

What’s happening? North Carolina is considering a sports betting bill SB 688 (2021 | NC). The bill will expand sports betting beyond the 2 tribal casinos and into online sports betting. NC Education Lottery Commission would run the show. At least 10 online sports wagering licenses would be available, but no more than 12. 8% tax on sports betting revenue. $500,000 license fee.

Why is this important? Many states are grappling with this very thing and they are all handling it differently. Lots of tools for our toolboxes, my friends.

How will this be important? If successful, it is another blueprint of how to pass sports betting a fairy red location.

Legal Sports report | NEW NORTH CAROLINA SPORTS BETTING BILL WOULD OPEN ONLINE MARKET