Video Summary

North Carolina is one step closer to making sports betting a reality. The state's sports betting committee, created by the North Carolina State Lottery Commission, met for the first time this summer and voted to approve a rules package aimed at reducing confusion and ensuring a smooth process for all parties involved. The package covers topics such as licensing procedures and risk control, with the goal of preventing unfair practices and protecting consumers.

The state will now take applications from online sports books, and the power of approval will be shifted to sports teams, organizations, and venues. The committee will meet again in November to discuss the rules, with the earliest potential launch of mobile sports betting in January 2024.

The removal of a cap on the number of books allowed has opened up opportunities for sports betting in the state, and the committee is working to harness revenue and create a regulated market. Commissioner, “We want to make sure that consumers are not taken advantage of, so we've got to have some regulatory process in place, so they understand what the rules are and the provider has to abide by that.” With this step forward, North Carolina sports fans can look forward to being able to bet on their favorite teams, a change that replaces the gray area of offshore betting.