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House Bill 347 sees the light at the North Carolina General Assembly

Last year saw the opposition rule out the possibility of implementing the bill to legalize online sports betting. However, this year is believed to be different, with relevant authorities claiming to have worked on concerns that were raised last year. The concerns pertained to morality and societal illness.

Rep. Jason Saine is confident that House Bill 347 has successfully incorporated every possible concern. Claims are that both parties support the bill, and it is ready to be implemented. What adds weight to this is the fact that the people want the state to host legal online sports betting.

Per the proposals, people in North Carolina will be able to bet on professional, college, electronic, and Olympic sports after the bill has been passed. It is tentatively expected to go live on the first day of 2024. Rep. Jason Saine hails from Lincoln County. His attempts to pass the bill are in collaboration with a bipartisan group of lawmakers.

Anyone with a mobile device or any other electronic device will be able to place a bet from January 01, 2024.

Confidence from Democrats and Republicans is reassuring, but only the final vote count will have the last laugh. Senate President Pro Tempore Phil Berger issued a statement in January to the media saying that both chambers support the bill and it also has the support of the public.

Jason Saine has called this a bipartisan bill, adding that they have learned good from both sides to bring a couple of tweaks by accommodating all the concerns that were raised last year.

Over a dozen best sports betting sites in USA will get the approval to operate in the region; however, they will be subjected to a tax rate of 14% on sports betting. The $1 million renewable license will have a duration of 5 years.

The legalization has been backed by pro sports teams. House Bill 347 also seeks to establish sports lounges at several venues like Bank of America Stadium, PNC Arena, and Charlotte Motor Speedway.

Sports betting has become a way of entertainment. Responsible gaming is still a concern. The bill claims to have resolved that, and now the General House may eventually clear the bill.

Residents of North Carolina will surely be treated with a variety of options since four categories have been named to become available in online sports betting. Based on the knowledge and skill of a person, they can go ahead to choose the most reliable odds and place a bet on the game.

More details are awaited since the bill is still in the pipeline. The coming days will see if the bill has been cleared or not, and if it has been cleared, then which operators are making their way into the region. A tax rate of 14% is likely to suffice the purpose of state revenue for good purposes.

David Bright

David Bright joined Times of Casino as a news writer focused on the casino industry. He holds a bachelor degree in Economics and Accounting and currently contributing in-depth news articles. David writes on the casinos, gambling legislation, poker, and much more.

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