Only one last step is needed for a North Carolina sports betting bill to become a reality. North Carolina House Bill 347 just needs a signature from Governor Roy Cooper.
The House just voted 69-44 to concur with the changes made to House Bill 347 by the Senate last week. Now, Governor Cooper has ten days from the time that he receives the bill to sign the legislation into law, bringing some of the best sports betting apps to the Tar Heel State starting in 2024.
What Needs To Happen For Sports Betting Bill To Come To NC?
So what needs to happen for the HB 347 sports betting bill to come to NC? Only one last step is required for NC sports betting bill HB 347 to come to North Carolina, which is a signature from Governor Cooper once the legislation arrives at his desk. This would bring a few of the most reputable PayPal betting sites to the Tar Heel State in 2024.
Cooper has previously stated and expressed support for legalized sports betting in the Old North State, which means he's expected to sign HB 347 into law, bringing North Carolina sports bettors some of the top sportsbook promo codes to redeem in 2024. However, Roy could opt to let the ten days lapse, which would still make HB 347 legal without his signature. The slim chance of a veto, if it occurs, would require a three-fifths majority vote from both the House and Senate chambers to override the veto.
NC Sports Betting Bill Update: Governor Signature All That Remains
Sports bettors in North Carolina eagerly await the NC sports betting bill update, which means Governor Cooper's signature is all that remains to initiate legalized sports betting. Signing HB 347 into law will eventually bring in some of the best sports betting sites to operate legally within the borders of the Tar Heel State in 2024.
The Senate made several amendments to HB 347 after it was initially drafted in the House. These changes include raising the tax rate from 14 percent to 18 percent, removing promotional code deductions as tax credits for sportsbook operators, and eliminating historical horse racing via slot machines or Video Lottery Terminal (VLT) in the Old North State.
After HB 347 is signed into law, the North Carolina Lottery Commission has until January 8, 2024 to set rules and regulations for online sportsbook operators who apply and pay $1 million for their license. While the official launch date is not yet set, the state Lottery Commission has a year from the signing of HB 347 to issue licenses to sportsbook operators to prepare for the Tar Heel State's go live date in 2024.
NC Sports Betting Bill Awaiting Signature From Governor For One Last Step
HB 347 is an NC sports betting bill awaiting a signature from Governor Cooper for one last step in the legalization process. Once signed into law, which is expected based on Cooper's previous remarks and the recent concurrence from the House, North Carolina sports bettors will move closer toward being able to sign up and use some of the premier sportsbook promo codes in the country.
HB 347 allows the North Carolina Education Lottery to issue and approve licenses for up to 12 online sportsbook operators. This also includes licenses for the two tribal gaming operators that exist in North Carolina, which legally operate based on a General Assembly law passed back in 2019 permitting on-site tribal casinos. License costs are set at $1 million, while the sportsbook operator gets taxed at an 18 percent rate on all revenue. Horse racing platforms pay an annual fee equivalent to one percent of the handle wagered by North Carolina sports bettors.
Sports bettors in North Carolina 21 years or older in 2024 can get access to some of the best credit card betting sites in the nation by signing up with BetMGM Bonus Code ROTOBONUS or Caesars Sportsbook Promo Code ROTOFULL to place first bet offers, worth up to $1,000 and $1,250. These promo code welcome offers update frequently, so stay informed on the latest welcome offers in the sports betting market ahead of sports betting's highly anticipated 2024 arrival in North Carolina.
This article is part of our North Carolina Sports Betting News series.
