The Sports Betting Committee of the NC Lottery Commission is getting closer to announcing when they will launch. During todays meeting, Sterl Carpenter, the deputy director of sports betting hinted that they might make the launch announcement at the NCLC meeting on January 10. This launch date is highly anticipated by sports betting operators like FanDuel North Carolina and DraftKings, who are eager to launch their North Carolina sports betting apps and promo codes in this newly legalized market.

Carpenters update comes just a little over a week after the deadline for sports betting firms to submit their applications to enter North Carolina’s online sports betting market.

The NC Lottery Commission has been tight lipped about the launch date. Initially we found out that online sports betting wouldn’t start on January 8 which wasn’t surprising considering that the Sports Betting Committee was formed than four months after Gov. Roy Cooper signed online sports betting into law.

Next the NCLC mentioned that online sports betting wouldn’t go live before the 2024 Super Bowl on February 11. Since its one of the betting events in America this became the next obvious target date after January 8.

Not launching before the Super Bowl means missing out on significant tax revenue. That’s why Gov. Cooper stated in a podcast interview, with Ovies+Giglio on December 20 that he wanted regulators to get the market up and running by March Madness. The first four rounds of March Madness are a hugely popular event for North Carolina sports betting, so the state wants to capitalize on that demand.

Furthermore if regulators decide to launch on March 18 they would be making a bit of history. On that date in 2021 the first retail sportsbooks were opened at Harrahs Cherokee and Harrahs Cherokee Valley River in the state.

Only seven out of seventeen operators who requested sports betting applications managed to submit completed applications by the December 27 deadline. It was shared during the meeting that less than half of those who requested applications managed to meet this deadline.

Regarding all three types of submissions (operator, supplier and service provider) a total of 31 completed packets were received by the NCLC out of a total of 75 application requests.

Although applicants can still submit their applications it was mentioned that they may not be ready for launch on the planned date. However staggered launches are not uncommon nationwide and completed applications are still being received throughout this new year.

When online sports betting is eventually launched in North Carolina we estimate that it could generate around $6 $7 billion, in bets during its first full year.

✅ Fact Checked on January 17, 2024 by Ken Weaver