Don’t worry! That roar you hear spilling over from the East Coast is for a fantastic reason. Online sports betting is now live in North Carolina. Sports fans in the Tar Heel State now have 8 different sports betting apps to wager on their favorite teams.
Want more info about the launch of online sports betting in North Carolina? You’ve come to the right spot! In this article, we’ll cover the ins and outs of the official launch, including which online sportsbooks are doling out the best bonus offers.
DraftKings and FanDuel Lead the Way With Lucrative Bonus Offers
If you live, work, or even vacation in North Carolina, now is the perfect time to sign up for accounts with as many sports betting apps as possible. Any time a new state goes live, the largest brands in the industry spare no expense when it comes to new player bonus offers.
While there are currently 8 online sportsbooks available in the Tar Heel State, DraftKings and FanDuel are offering the most advantageous bonus offers. Both industry giants are giving out Bet $5, Get $250 deals for new sports bettors in North Carolina.
Getting $500 in Bonus Bets for only having to wager $10 from your own funds is an incredible deal! This gives new bettors a legitimate bankroll to begin their sports betting journeys. That’s hard to beat!
How Do I Sign Up for a New Sports Betting Account in North Carolina?
Thankfully, all of the online sportsbooks that have launched in North Carolina have user-friendly registration processes on their website and mobile app. After you decide which sportsbook you want to use, simply head on over to their website or download their app for Android or iOS.
After typing in a bit of personal info like your name, email address, mailing address, and phone number, you’ll be just a couple more steps away from betting on your favorite team and enjoying a fabulous bonus offer to boot.
You’ll then have to provide the sportsbook with some form of photo ID. Don’t worry, this is simply for your protection and the sportsbook will keep your info secure and safe. Next, make a deposit from one of the many cashier options that each betting app offers.
After the deposit is successfully made, simply bet $5 on any sporting event. When your bet wins or loses, you’ll receive bonus bets in your account as a thank-you for signing up. The amount of bonus bets depends on the app you’re signing up for.
What is the Market Potential for Sports Betting in North Carolina?
You may be shocked to learn that the Tar Heel State has the 9th highest population in the United States. In Lehman's terms, that means that the North Carolina online sports betting market has a ton of untapped potential. Major metro cities like Raleigh, Charlotte, and Asheville are filled to the brim with sports fans who are ready to plunk some action down on their favorite sports teams.
For comparison sake, most analysts in the know think that North Carolina could be very similar to Michigan, which did over $4.6 billion in sports betting handle in 2023. It could take a few years to reach that large number, but the potential is there nonetheless.
North Carolina will also benefit from a substantial amount of tax dollars that online sports betting will generate. Conservative estimates have the state getting more than $20 million in taxes from sports betting for the 2024-25 fiscal year. Those tax dollars are expected to go to the NC Department of Health and Human Services, the NC Division of Parks and Recreation, the NC Outdoor Heritage Advisory Council, and specific North Carolina universities.
