As North Carolina continues to move towards legalizing sports betting, neighboring Virginia is reaping the benefits. With sports betting apps gaining traction in North Carolina but still no legal framework in place, residents are flocking over the border to place their wagers. This interstate movement is greatly benefiting Virginia gambling venues like Caesars Virginia.

Strategically located less than 4 miles from the North Carolina border, Caesars Virginia owes much of its success to North Carolinians crossing over to bet on sports. The temporary casino facility, which opened in Danville last May, ranked 2nd in the state for gaming revenue in November 2022 – raking in $17.5 million. Industry experts estimate up to 86% of that revenue came from out-of-state visitors.

The draw for North Carolinians is no secret – it’s legal sports betting. With popular North Carolina sports betting apps like Caesars Sportsbook North Carolina and BetMGM North Carolina operating in a state-regulated gray area, residents are taking their action elsewhere. Virginia has become the perfect outlet thanks to Caesars Virginia’s proximity and its forthcoming Caesars Sportsbook slated to open in 2024.

This interstate sports betting pipeline may change course once North Carolina formally legalizes sports wagering. But for now, Virginia casinos are the beneficiaries as sports-crazed North Carolinians travel across state lines to place their bets legally and safely. Caesars Virginia is leveraging this demand to become a gaming hub in the region, outperforming Virginia’s other fledgling casinos.

Whether North Carolina finally joins its neighbors in offering legal statewide mobile sports betting or not, venues like Caesars Virginia have a commanding strategic advantage that pays dividends today. Savvy North Carolina bettors are voting with their feet and their wallets, generating big revenue for Virginia while progress towards sports betting regulation in North Carolina remains sluggish.

✅ Fact Checked on January 27, 2024 by Ken Weaver