North Carolina Approves Mobile and Retail Sports Betting Legislation for Industry Launch in Early 2024
In a major development for the sports betting industry, North Carolina has approved mobile and retail sports betting legislation. The move is expected to pave the way for the launch of the industry in early 2024. The approval of the legislation comes after years of debate and discussion on the issue.
The legislation was passed by both the House and Senate in North Carolina, and was signed into law by Governor Roy Cooper. The bill allows for the establishment of a state-run sports betting industry, with both mobile and retail betting options available to consumers.
Under the new law, the North Carolina Lottery Commission will oversee the industry, and will be responsible for issuing licenses to operators. The commission will also be responsible for regulating the industry, ensuring that operators comply with all relevant laws and regulations.
The launch of the sports betting industry is expected to generate significant revenue for the state of North Carolina. According to estimates, the industry could generate up to $50 million in annual revenue for the state.
The approval of the legislation has been welcomed by industry stakeholders, who have long been pushing for the legalization of sports betting in North Carolina. The move is seen as a major step forward for the industry, which has been expanding rapidly across the United States in recent years.
The launch of the sports betting industry in North Carolina is expected to create new jobs and economic opportunities for local communities. It is also expected to attract tourists and visitors to the state, who will be able to enjoy a range of sports betting options.
In conclusion, the approval of mobile and retail sports betting legislation in North Carolina is a major development for the industry. The move is expected to generate significant revenue for the state, create new jobs and economic opportunities, and attract tourists and visitors to the state. The launch of the industry in early 2024 is eagerly anticipated by industry stakeholders and consumers alike.
