North Carolina opens sports betting app portal
North Carolina is currently accepting applications for sports betting licenses.
The State Lottery Commission has established a Licensing Website at ncgaming.gov where sports betting operators, service providers and vendors can apply for licenses to operate in the state.
Applications must be submitted by December 27, but state regulators urge potential licensees to submit everything as soon as possible to speed up the eventual start of betting.
Earlier this week, the chairman of the Lottery Commission acknowledged that North Carolinians will not be able to bet in time for February’s Super Bowl but gave no further indication of when regulators will be ready to do so. North Carolina’s sports betting law enacted earlier this year gave the commission until June 15 to launch a program.
Agreement with team and venue
Mobile sports betting operators must enter into a "written designation agreement" with a sports team, league or venue before submitting an application. “These agreements are unique requirements of North Carolina sports betting laws,” the Lottery Commission said. “These are private commercial agreements that must be entered into between the operator applicant and the sports team, league or venue.”
Sports betting laws allow live betting at professional sports venues, including U.S. Bank Stadium, home of the NFL's Carolina Panthers; Spectrum Center, home of the NBA's Charlotte Hornets; and PNC Arena, home of the NHL's Carolina Hurricanes and WakeMed Park, home of the NWSL North Carolina Courage. Temporary sports betting will also be allowed during NASCAR races at Charlotte Motor Speedway and PGA Tour stops at Sedgefield Country Club and Quail Valley Club.
Before the sports betting law was passed, North Carolina's sports teams lobbied the state Legislature to ensure a share of the revenue generated by sports betting. While sportsbooks are required to enter into agreements with venues, North Carolina does not allow sportsbooks to be the primary sponsor of an arena or stadium.
$1M License Fee
The state has introduced three types of licenses. Online sports betting operators that enter into agreements with sports teams or venues are required to obtain an Interactive Sports Betting Operator License. Prospective operators must pay a $1 million licensing fee to the state with their application.
The state also issues licenses to service providers who “create a market for sports betting and determine the outcomes of sports betting, including the operation, management or control of sports betting.” Service provider applicants must pay a $50,000 fee.
Under North Carolina law, providers of sports betting goods and services are also required to obtain a license. The licenses cost $30,000.
Applicants must submit detailed documentation and agree to background checks on key personnel.
Key requirements for all applications include demonstrating compliance with state law and establishing a responsible gambling program.
Until the commission approves mobile sports betting, betting will be limited to the state's three tribal casinos, where in-person betting is legal.
Read also:
- Football 101: What is relegation in football?
- Backup quarterback Joe Flacco likely to start for Cleveland Browns in Week 13
- The Atlantic City Road diet continues, with the judge finding there was no "irreparable harm."
- Las Vegas myth fixed: Know which floor your hotel room is really on
Source: www.casino.org
