It was recently announced that two North Carolina Senators sponsored Senate Bill 688, which relates to sports betting in the state. If passed, the bill is expected to impact betting on esports, college sports, and professional sports.
“We believe every sheriff knows who the bookies are in their county,” said North Carolina Senate Majority Whip Jim Perry. “We see this going on and we see folks avoiding income taxes on money from illegal gambling.”
If passed, the bill would allow up to 12 online licenses in North Carolina. Operators would have to pay $500,000 for an initial license lasting five years, and $100,000 to renew their licenses.
It also enables sports facilities that host pro events to establish wagering platforms through mobile devices or on-site PCs. This is expected to impact numerous sectors including the college sports and esports betting markets.