As of December 6th a total of 11 sports betting companies have applied for online sports betting in North Carolina.

During todays NCLC Sports Betting Committee meeting, Sterl Carpenter, the deputy director of sports betting for the NC Lottery Commission shared information about the number of applications received from operators, suppliers and service providers.

The application portal became available on December 1st. Will remain open until December 27th. Carpenter emphasized the importance of operators submitting their BetMGM bonus code in North Carolina applications before the deadline to allow regulators enough time for proper evaluation.

Once an application is submitted the NCLC has a 60 day window to review and either approve or reject it. As a result online sports betting in North Carolina is not expected to launch before February 11th coinciding with the 2024 Super Bowl.

NORTH CAROLINA SEES START TO SPORTS BETTING APPLICATION PROCESS

In five days since its launch the NC sports betting application portal has received a total of 43 requests from operators, suppliers and service providers.

Operators include sportsbooks like DraftKings, BetMGM and FanDuel. Service providers encompass partners that collaborate with sportsbooks through geolocation tracking services and user authentication platforms. Suppliers refer to entities that offer assets such, as data analytics to support sportsbooks. Currently according to the existing sports betting law there is space for a total of 11 sports betting operators in the state. This number is determined by the requirement for all operators to have a written agreement with a sports entity. These entities include five sports teams, two NASCAR tracks, two PGA courses, the PGA itself and NASCAR.

Two sportsbooks, Bet365 and ESPN Bet have already formed partnerships with sports entities. Bet365 has partnered with the Charlotte Hornets while ESPN Bet has joined forces with Quail Hollow Club. These partnerships will be formalized through written agreements included in their application packets indicating that both books are likely to launch in North Carolina.

Operators can sweeten the deal for bettors by offering North Carolina sports betting promo codes as part of their signup bonuses.

No specific date for launching sports betting has been set yet by regulators during todays meeting.

As mentioned earlier it was recently confirmed that the 2024 Super Bowl will not be part of this plan. However considering the 60 day review period for all applications required by us (North Carolina Sports Wagering and Lottery Act Review Panel) there are five launch dates being considered. It is still possible that an online platform could be launched during March Madness 2024.

As Carpenter and other regulators have emphasized it is now up, to the operators to take action. The sooner they submit their applications and undergo background checks the sooner regulators can begin reviewing them. We have a NCLC meeting planned for December 13th during which we can expect to receive further information about applications and determine if the Commission will need to create additional regulations to ensure the successful implementation of online sports betting, in NC.

✅ Fact Checked on January 27, 2024 by Ken Weaver