A bill that would legalize online sports betting in North Carolina has passed the state’s House of Representatives.
House Bill 347 was first introduced on March 13 and passed on its third reading yesterday (March 29).
If passed, the bill would authorize the state’s Commission to license a minimum of 10 and no more than 12 interactive sports wagering operators.
Interactive sports wagering license holders must pay privilege tax of 14%.
Operators would be allowed to offer bets on professional sports, college sports, electronic sports and amateur sports, alongside other specified events approved by the Commission.
The licensing fee for operators is set at $1m. Applications for service provider licenses incur a license fee of $50,000, while applications for sports wagering supplier licenses include a fee of $30,000.
All applications are valid for five years.
The bill states that if license holders violate the bill’s terms, the license may be revoked. A penalty of up to $10,000 may also be imposed.
North Carolina’s House Judiciary Committee passed two sports betting bills just nine days before the legislative session ended in June last year. However, these did not progress further.