Current:Home > FinanceChainkeen|Seven sports wagering operators are licensed in North Carolina to take bets starting March 11 -Global Capital Summit
Chainkeen|Seven sports wagering operators are licensed in North Carolina to take bets starting March 11
Rekubit Exchange View
Date:2025-04-09 14:58:55
RALEIGH,Chainkeen N.C. (AP) — Seven sports gambling companies received North Carolina government licenses on Thursday so they can accept wagers from people in the state from mobile devices and computers in less than two weeks.
The North Carolina State Lottery Commission, which is tasked to oversee a 2023 law that authorized sports gambling, announced the successful initial applicants for the interactive sports wagering operator licenses.
The commission had already announced that the first licensees could begin taking wagers at noon March 11 — the day before the start of the Atlantic Coast Conference men’s basketball tournament. Customers can bet on professional, college or Olympic-style sports.
In preparation, starting at noon Friday people 21 and over can register with an operator, set up accounts and make monetary deposits.
The license issuance “represents a major milestone in establishing legal sports betting in North Carolina,” commission Chair Ripley Rand said in a news release.
The commission said the first licensees went to BETMGM and Underdog Sports Wagering along with companies doing business as FanDuel Sportsbook, DraftKings, Fanatics Sportsbook, bet365 and ESPN BET.
The commission has received nine interactive sports wagering operator applications and expects to “approve additional licenses in the near future,” the release said.
Applications associated with the Eastern Band of Cherokee Indians and the Catawba Indian Nation, which combined have three casinos in North Carolina where in-person sports gambling already takes place, were also turned in, according to the commission.
The new law authorizes in-person betting beyond those casinos, but that won’t begin right away. Successful wagering company applicants had to enter an agreement with an in-state professional team, or certain pro golf or automobile racing venues or governing bodies. Some of those agreements have been made public.
North Carolina is set to become the 30th state, along with the District of Columbia, to offer mobile sports betting, according to the American Gaming Association.
The state will tax sports wagering and could generate over $100 million in revenues annually within five years, according to a legislative branch analysis.
veryGood! (6696)
Related
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- This $9 Primer & Mascara Have People Asking If I’m Wearing Fake Lashes
- 'We need help, not hate:' Springfield, Ohio at center of national debate on immigration
- Watch: Astros' Jose Altuve strips down to argue with umpire over missed call
- Buckingham Palace staff under investigation for 'bar brawl'
- Horoscopes Today, September 18, 2024
- Pro Football Hall of Fame class of 2025 nominees include Eli Manning, Marshawn Lynch
- Florence Pugh Addresses Nasty Comments About Her Weight
- Buckingham Palace staff under investigation for 'bar brawl'
- Vermont caps emergency motel housing for homeless, forcing many to leave this month
Ranking
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- Phaedra Parks Reveals Why Her Real Housewives of Atlanta Return Will Make You Flip the Frack Out
- Eva Mendes Shares Her and Ryan Gosling's Kids Are Not Impressed With Her Movies
- Gun violence data in Hawaii is incomplete – and unreliable
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- State asks judge to pause ruling that struck down North Dakota’s abortion ban
- High School Musical’s Zac Efron and Vanessa Hudgens' Relationship Ups and Downs Unpacked in Upcoming Book
- US home sales fell in August despite easing mortgage rates, more homes on the market
Recommendation
Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
Blue Jackets open camp amid lingering grief over death of Johnny Gaudreau
Tupperware, company known for its plastic containers, files for Chapter 11 bankruptcy
Testimony begins in trial for ex-sergeant charged in killing of Virginia shoplifting suspect
Meta donates $1 million to Trump’s inauguration fund
Hayden Panettiere breaks silence on younger brother's death: 'I lost half my soul'
Zachary Quinto steps into some giant-sized doctor’s shoes in NBC’s ‘Brilliant Minds’
America’s political system is under stress as voters and their leaders navigate unfamiliar terrain