North Carolina is set to launch online sports betting on 11 March 2024, followed shortly afterward by retail wagering. The North Carolina State Lottery Commission approved the launch date today, January 24th.
Players will be able to start registering for accounts on March 1st, 2024, and can also begin funding their accounts from that date. If all goes according to plan, North Carolina’s online sports betting market will be up and running in time for March Madness, the NCAA’s yearly college basketball tournament, which is a crucial time for sports betting.
Speculation surrounding North Carolina’s go-live date increased earlier this month when the Commission set the deadline of January 26th for operators to submit their proposed internal controls. Those wishing to operate in North Carolina must receive approval for their internal controls.
The licensing process for sports betting in North Carolina began in December, when the Commission approved applications for sports betting licensure, allowing online sports betting operators and associated bodies to begin applying for licenses. The Commission has 60 days to approve license applications, while hopeful operators have ten days to make any suggested changes.
DraftKings and BetMGM both recently penned market access agreements in North Carolina in anticipation of the go-live date. DraftKings partnered with Nascar, while BetMGM partnered with the Charlotte Motor Speedway.
Governor Roy Cooper signed sports betting into law on 14 June last year. House Bill 347, which was voted through the state senate on 1 June and the state house one week later, put North Carolina on a firm path to regulation. The bill stipulated that the state must publish regulations for sports betting before 8 January 2024, and must allow sports betting operators to accept wagers before 14 June 2024.