North Carolina Governor Signs Sports Betting Bill Into LawBill Allows Wagering On Both Professional And Collegiate Sporting Events At The State's Two Tribal Casinos |
|
North Carolina became the 17th state in the U.S. to legalize sports betting last Friday when Gov. Roy Cooper signed SB 154 into law.
Cooper’s signature on the bill makes it legal for gamblers in North Carolina to place bets on both professional and collegiate sporting events at the two tribal casinos in the state. Both of which are owned and operated by the Eastern Band of Cherokee Indians.
Both casinos are located in the Appalachian Mountains near the western border of North Carolina in Cherokee and Murphy.
According to the Raleigh News and Observer, it is estimated that sports betting will generate between $1 million and $1.5 million annually in new tax revenue for the state.
With no restrictions on what can be gambled on, local bettors can bet on in-state collegiate sporting events, including UNC-Duke basketball games.
The only real restrictions in the legislation are on the location of placing the bet. Mobile and online betting is not legalized and betting will only be allowed at Harrah’s Cherokee and Harrah’s Cherokee Valley River.
Mobile and online betting has been a huge part of New Jersey’s sports betting market, which held the top spot for monthly sports betting handle in May. Mobile and online betting made up 80 percent of the bets placed in New Jersey throughout its first year of operation.
With Cooper’s signature, North Carolina joins West Virginia, Rhode Island, Tennessee, New York, New Jersey, New Mexico, Pennsylvania, Arkansas, Delaware, Indiana, Illinois, New Hampshire, Montana, Mississippi and Iowa as states with some form of legalized sports betting.
Copyright © 2001-2024
CardPlayer.com. All rights reserved.
