NC sports betting bill passes first House reading
North Carolina’s sports betting bill has passed its first House reading after sailing through the Senate.
US.- Following the Senate’s approval last week, North Carolina’s sports betting bill passed has now passed its first reading in the state House.
Senate Bill 688 allows gamblers to bet at, or within half a mile of, “sports facilities” or properties owned by sports organisations, whether in person or online.
The venues permitted are those “that host professional sports and have a minimum seating capacity of 17,000 people or a facility that hosts a professional golf tournament annually.”
Licensing
SB 688 would allow the state lottery to issue 10-12 operating licences, which would last five years and have an initial fee of $500,000 and a $100,000 renewal fee.
Platform and odds providers would be able to apply for licences paying a $25,000 application fee and a $10,000 renewal fee, while other providers would be required to pay $15,000 and $5,000, respectively.
