NC’s Approach to Sports Betting Licensing ‘Natural Extension’ of Industry
To get an online sports betting license in North Carolina, operators needed to form specific partnerships.
Unlike in other states, though, those partnerships didn’t include brick-and-mortar casinos. Operators needed to partner with the state’s pro teams and similar entities and venues to secure their corner of the market — something that’s not all that common.
NCSharp connected with Mike Trainor, a partner with Blank Rome LLP. Trainor specializes in representing clients in today’s gaming industry, as well as handling investigations and regulatory proceedings. Trainor boasts a wealth of knowledge, specifically regarding the online gaming sphere and sports betting.
Here’s a look at what Trainor thinks of the North Carolina sports betting rules, and why he believes “time will tell” about its success.
‘TIME WILL TELL’ IF NC’S SPORTS BETTING LICENSE APPROACH IS A SUCCESS
Trainor explained that the concept of states requiring sports betting licenses to be tethered to existing industry participants “is certainly not new.”
What is a big difference, though, is the approach North Carolina took.
“Tethering a license to a sports team is unique,” he said.
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"NC’s Approach to Sports Betting Licensing ‘Natural Extension’ of Industry," by Adam Hensley was published in NC Sharp on March 5, 2024.