Report: North Carolina regulators tinker with sports betting rules
Wednesday’s meeting discussed alterations which are set to be approved on December 13 by the full lottery commission
North Carolina Lottery’s sports betting committee met on Wednesday, December 6, to alter several of the state’s sports betting regulations ahead of the planned 2024 launch.
As reported by Sports Handle, several key rules were altered on Wednesday with a further meeting to be held on December 13 where the full lottery commission is expected to approve the changes.
These include removing the rule preventing operators from buying the naming rights to sports facilities and racetracks, which would in turn have stopped them from purchasing the naming rights to certain areas of sports facilities.
The reason behind the rule change was the belief that seeing a betting logo in an area, inside a stadium for example, does not entice people to wager.
Another rule change would stop operators from “compensating affiliates according to net revenue generated from bettors who signed up through the affiliate”.
Legal sports betting in the Tar Heel state is set to go live after the Super Bowl 58 on February 24, with the law requiring mobile sports betting to be live by mid-June 2024.
The lottery’s deputy executive director of gaming compliance and sports betting Sterl Carpenter released an 82-page document prior to Wednesday’s meeting which summarised “staff’s recommended changes” from a public meeting held on November 7.
That document detailed all the proposed rules broken down into chapters, including general wagering and sports wagering.
In comments reported by Sports Handle, Carpenter also gave an update on operator applications.
He said: “As of this morning, we have had 11 operators request an application, we’ve had eight service providers, we’ve had 24 suppliers, so 43 total requests.”