House Bill 347, signed by Governor Roy Cooper earlier today, has made legal sports betting in North Carolina a reality. This groundbreaking legislation not only legalizes sports wagering, both online and in-person, but it also paves the way for innovative economic growth and enables bookmakers to expand their betting businesses to new heights.
With regulations following suit throughout the United States, bookies keeping pace with advanced sportsbook mobile software will lead the pack. Furthermore, when paired with the newest Pay Per Head services—North Carolina’s new law provides an ideal, modernized backdrop in which to build your betting business today.
Mind Inside House Bill 347: What Bookies Need To Know
NC House Bill 347 was passed through both chambers of the NC General Assembly and officially signed at the Spectrum Center in Charlotte. The bill opens the way for the issuance of 12 online sports betting licenses.The establishment of eight in-person sportsbooks at professional sports venues, including Bank of America Stadium and Charlotte Motor Speedway.
The law allows bets to be placed on professional, college, amateur and electronic sports. Betting on youth sports is still not allowed. Also, pari-mutuel betting on horse racing is permitted by separate operators, though that rollout could take longer.
Governor Cooper said the legislation had “two benefits at once:” economic gains, and the implementation of safeguards. The bill allocates:
- $2 million for the N.C. Department of Health and Human Services
- $1 million each to North Carolina Amateur Sports and the North Carolina Heritage Advisory Council
- $300,000 a year for some public universities in license fees and tax revenues
Because of an 18% tax on total gross betting revenue, North Carolina could collect even $100 million per year by the fifth year of the program.
Why Bookmakers Got Their Eye On Legal Sports Betting In North Carolina
That action officially puts North Carolina in the growing U.S. betting industry. With more than 30 states now offering regulated online sports betting in the wake of PASPA being overturned in 2018. North Carolina’s move puts it in step with the national trend and opens up real opportunities for bookies.
North Carolina sports betting is a whole new ball game, and the powers that be need to realize that. Operators equipped with smart tech and sportsbook management systems can capitalize on the influx of fresh betters entering the marketplace.
The Foundations of a Modern Betting Business
In order to thrive in this evolving landscape, no bookie can afford merely to have a license; they need a solid underpinning infrastructure upon which to grow. This includes investing in the tools that provide speed, reliability, and real-time data.
VIP Pay Per Head: Investing to Turn Bookmakers into Powerhouses
With VIP Pay Per Head, you are provided with one of the best sportsbook management platforms that will enable bookmakers to get the technology they need, to help grow your betting business. The platform offers:
- Live in-play wagering
- Mobile-friendly interfaces
- Customizable betting options
- Instant payout processing
- The ability to dictate odds, lines, and limits
The one bright spot is the dedicated server network that ensures uptime throughout high-traffic events. So no lag, no downtime — just smooth, uninterrupted betting.
24/7 Support and Data Insights
VIP Pay Per Head also offers a 24/7 customer service, reassuring bookies that they can get help when they need it. Moreover, its robust analytics suite leverage data to deliver actionable insights. Bookiess make use of data to understand customer behaviour, track trends and design offerings that help retain customers and maximize profits.
Realizing North Carolina Sports Betting Opportunities
Even more so, the recent expansion of legal sports betting in North Carolina can only open the door for a range of opportunities for both sports fans and entrepreneurs, as well as seasoned bookmakers. Using the right tools, as you can find with VIP Pay Per Head’s cutting-edge platform, bookies can take advantage of this and provide an elite betting experience.
And whether you are just entering the market or want to upgrade your operation but you need to get to grips with this new regulatory environment, you can take advantage of innovative sportsbook solutions to grow your betting business now.
