Introduction
Are you planning on applying for an interactive sports wagering license in North Carolina? The state will issue up to 12 licenses by June 2024. However, applying for an interactive sports wagering license will be competitive, and the future winners are starting on their application now.
But do not worry, because in this article, we provide you with all the information you need to get started on your application, including a summary of:
Places of Public Accommodation (i.e. in-person sports betting)
As an interactive sports wagering license holder, you are allowed to partner with a sports facility in North Carolina to provide a “place of public accommodation”.
Your place of public accommodation must be on the property of a sports facility, which include any of the following:
- A motorsports facility that annually hosts more than one National Association for Stock Car Auto Racing national touring race.
- A facility that hosts a professional golf tournament with more than 50,000 live spectators anticipated to attend based on similar prior tournaments.
- A facility that is the home location of a professional sports team.
For a list of sports facilities in North Carolina, refer to this article.
Would you like to connect with a sports facility? Contact our North Carolina sports betting consultants for introductions with potential partners.
Application for an Interactive Sports Wagering License in North Carolina
The application for a North Carolina integrative sports wagering license involves submitting information about your business, owners, team, and proposed operating plans. Additionally, all owners and employees must pass a background check.
Since there are only 12 licenses available, North Carolina’s State Lottery Commission will score applications and the top scoring applications will win a license. So you can expect competition for the limited number of interactive sports wagering license to be intense.
Our sports betting business consultants in North Carolina describe the required documents and scoring criteria here.
Fees for Interactive Sports Wagering License Applicants
As part of your North Carolina interactive sports wagering license application, you must pay a licensing fee. The licensing fee is $1,000,000.
However, if you are denied a license, you will be refunded 95% of the licensing fee (i.e. $950,000).
Conclusion
In the end, the interactive sports wagering license in North Carolina will be difficult to obtain. But the upside is that the limited number of licenses make these assets extremely valuable. Contact our North Carolina sports wagering license consultants to learn how we can help you beat the competition and win a license.
