North Carolina governor signs sports, horse racing betting law; wagering to begin in early 2024

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North Carolina governor signs sports, horse racing betting law; wagering to begin in early 2024
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Regulated sports betting and horse racing should begin across North Carolina in the first half of next year after Gov. Roy Cooper signed into law Wednesday legislation that greatly expands gambling opportunities in the ninth-largest state.

The Democratic governor held the bill-signing ceremony at Spectrum Center, home to the NBA’s Charlotte Hornets. It could house one of several anticipated sportsbooks allowed at or near professional sports venues as part of the law that received final approval in the Republican-controlled General Assembly last week.

The law directs the North Carolina Lottery Commission to issue as many as 12 interactive sports wagering licenses to entities that would offer mobile and online sports betting to customers who create accounts. Legal sports gambling in North Carolina is only available right now at the state’s three casinos, which are operated by two American Indian tribes. Essentially, the only other legal gambling in the state is a lottery that began in 2006.

A similar political alliance derailed sports gambling legislation last year by just one vote in the House, but lobbyists for legal sports wagering providers in other states and pro sports franchises kept pressing the idea and won more support in the legislature.

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