North Carolina regulators are trying to figure out what tweaks included in the new state budget will mean as they work to license online sports betting sites.
Last Updated: Sep 27, 2023 3:56 PM ETNorth Carolina regulators are trying to figure out what tweaks included in the new state budget will mean as they work to licenseThe North Carolina State Lottery Commission met Wednesday and heard staffers are wrapping their heads around the recentdevelopments and will update members “sooner rather than later” on the matter.
“There were a few changes to sports-betting language that… we are working hard to figure out what those mean for where we are in the process,” said Hayden Bauguess, director of government affairs at the lottery. “As soon as we get a better grip on understanding what that does for our role in the sports-betting process, we’ll put that out to the full commission.
Although regulators are still sorting out what the budget will mean for getting mobile wagering off the ground, the early indication is that one tweak in specific will grant much more control of the North Carolina market to the state’s professional sports organizations. Rather than allowing for 12 standalone online sports betting licenses, the budget bill amends the state's law to require mobile sportsbooks to partner with a professional sports organization. It also limits those teams and facility owners to just one sportsbook partner.The change could mean fewer sports betting sites in North Carolina, as it may deter operators from entering the wagering market or leave others without a partner to provide them access.
What is unchanged, however, is the timeline for implementing mobile sports betting in the state . So far,
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