In The Us, The Senate Of North Carolina Adopted A Law On Sports Betting

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July 26, 2022
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North Carolina Senate adopted a law on sports betting

Sport rates steel closer to legalization in north carolina after the approval of the state senate. The bill was approved by the final commission earlier this week and was approved by both when the final voting after the second read.

The draft law of the senate no. 688 permits the players to make rates only on "sports facilities" or within half a minute from them or property belonging to sports organizations, both personally and through the internet.

The allowed objects are those "which take professional sports and have a minimal capacity of 17,000 people, or an object where a professional golf tournament is held annually".

Now the bill sent to the house of representatives for final approval before sending it to the desk of governor roy cooper. If it passes both stages, it will come into force on january 1, 2022.

Licensing
the draft law of the senate 688 will allow the state lottery to issue 10-12 operating licenses for a period of five years with an initial contribution of $ 500,000 and a fee for extending $ 100,000.

Suppliers of platforms and coefficients will be able to submit applications for licenses, paying $ 25,000 for registration and 10,000 dollars for extension, while other providers will have to pay 15,000 and $ 5,000, respectively.

Source: focus gaming news

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