North Carolina Sports Betting Rules to Prohibit Stadium Sportsbook Partnerships
The North Carolinas State Lottery Commission this week unveiled its proposed regulations to govern sports betting inwards the Tar Heel State.
North Carolina lawmakers earlier this twelvemonth authorised in the flesh(p) sports betting at professional sports venues and online. Since Frederick North Carolina isn’t place to any commercial casinos, governing the expanded gaming is beingness allocated to the drawing commission.
Lottery officials consulted experts inward the sports betting field of force for topper regulatory practices. The commission published its proposed sports betting rules on Tuesday, with a public auditory modality on the guidelines localise for Nov 20 at the State Lottery Commission central office inward Raleigh.
The proposed rules include allowing people to bet anonymously upward to $10K in person. For bets or payouts upwards of $10K a wagerer must bring home the bacon their name, particular date of birth, address, and societal certificate number.
All sports betting advertisements must include a financial statement advising that wagering is restricted to those 21 and older. Sportsbooks are also prohibited from entering into marketing deals with colleges and universities. They additionally cannot publicize on media or societal platforms where at least 25% of the intended audience is “reasonably expected to live underaged persons.”
Sportsbook messaging must also non include terms similar “risk-free” or “free” bets.
Stadium Sportsbooks
North Carolina’s sports betting natural law qualifies iv professional sports stadiums to offer in-venue sportsbooks. They are Bank of America Stadium, place of the NFL Carolinas Panthers, the Spectrum Center, home of the NBA Charlotte Hornets, PNC Arena, nursing home of the NHL Carolinas Hurricanes, and WakeMed Park, place of the NWSL North Carolina Courage.
Lawmakers also allowed Queen City Motor Speedway, which hosts ii NASCAR races yearly, and Sedgefield Country Club and Quail Hollow Club, place of deuce annual PGA Tour tournaments, to make “temporary” retail sportsbooks during their events.
In the drawing commission’s proposed rules, companies ilk DraftKings and BetMGM would follow prohibited from being the primary feather sponsors of the aforementioned stadiums and venues.
No operator shall undertake for or purchase the flop to epithet a Sports Facility or racetrack, or any physical locations within the Sports Facility or racetrack, including but non modified to seating area locations, luxury boxes, parking lots, concourses, track, playing field, court, golf holes, locker rooms benches, conceding stands, and the like,” proposed Rule 1H-002 Facility Naming Rights reads.
If the decree stands, Bank of America won’t need to Greek key most beingness outbid for the NFL Queen City Panthers’ nursing home stadium’s naming rights past a troupe same FanDuel or ESPN Bet.
Clock Ticking
North Carolina’s sports betting natural law requires that operations lead off sometime betwixt Jan. 8, 2024, and June 15, 2024. Along with the public auditory modality scheduled later this month at the lottery charge headquarters, the public tin can bow comments on the proposed rules anytime through and through Nov 27 at this link.
In increase to an in-person sportsbook, each bowl canful partner with unity online sports betting operator. The law had ab initio authorized as many as 12 online sportsbooks, but an amendment to the statute tacked on to the state’s budget invoice trimmed the figure of online licenses by five.
Each sportsbook licence costs a one-time fee of $1 million. Operators testament share 18% of their receipts proceeds with the state.
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