Eastern Band of Cherokee Indians comments on new NC sports wagering law

July 13, 2023
By
Leer en Español

EBCI Principal Chief Richard Sneed said the Tribe welcomes the competition.

The new sports wagering law will increase competition for the Tribe, but allow mobile betting, reaching a further audience, thus creating more custom for the Tribe.

The Eastern Band of Cherokee Indians’ (EBCI) two casinos were the only places in North Carolina where sports wagering was legal up until two years ago, but now online betting will be available.Governor Roy Cooper signed the bill (HB 347) into law on June 14, 2023, which legalized sports wagering statewide — and EBCI Principal Chief Richard Sneed said the Tribe welcomes the change.

Previously, bets had to be placed on-site at the casino. Under the new law, Tribal casinos will be able to accept bets placed online, anywhere in the state; creating more custom for the Tribe.

EBCI Principal Chief Richard Sneed said, “Many of the surrounding states have already taken steps to allow mobile sports betting and we are pleased that this bipartisan law is putting North Carolina on an equal footing.”

The law allows the North Carolina State Lottery Commission to issue licenses to as many as 12 sports wagering operators, which could accept wagers on sporting events including professional, college, electronic and amateur sports.

Under the law, applicants would submit a detailed application to the Commission, along with a $1m licensing fee — the Commission would return all but 5% should the application be denied. Licenses will be permitted for five years.

Sneed also stated, “The EBCI convened a group years ago to begin this effort in earnest and has maintained the conversations to get this over the finish line. Any impact to the casino will be mitigated by our expected returns when we exercise the license guaranteed to the Tribe.”

The Tribe has formed several other LLCs to diversify its income, however. One of these LLCs, EBCI Holdings, handles gaming ventures outside Tribal lands.

EBCI Holdings CEO Scott Barber said, “If for some reason that doesn’t happen that way once the state establishes its rules and regulations, then I think EBCI Holdings would take a more prominent role."

State-by-State

Product Spotlight

Bragg Gaming Group

Bragg Gaming Group is a global content-driven iGaming technology provider, serving online and land-based gaming operators with its proprietary and exclusive content and cutting-edge technology.
GA HUDDLE #087

John Connelly - Interblock preparing to launch online by the end of year

John Connelly, the Global CEO of Interblock, joins the Huddle to talk about:
- The company's conversion to the online space
- The performance of ETGs
- Interblock's new philanthropic efforts
- The trend of companies going private
- And more!
GA HUDDLE #086

Michael Hershman - Dispelling casino 'myths:' New York needs to lose fear of the unknown

Michael Hershman, CEO of the Soloviev Group, joins Tim Poole on the Huddle to put forward his case that the Freedom Plaza is the way to go for one of New York's casino licences. He fields a variety of questions - not shying away from any of them - on why 'myths' about casinos and a fear of the unknown should be dispelled, as well as acknowledging the strength of rival bids and discussing opposition to the project.

As the Tribal gaming sector congregates once more in the Golden State, is it too cliché of me to suggest we are heading for a golden era of Tribal gaming? With the industry set to meet at the Indian Gaming Association t...

10-11-From-the-top
From The Top: Will youth be served by Sports Betting?
Two recent interviews in our Huddle podcast revealed to Las Vegas correspondent Brian Joseph just how young sports betting entrepreneurs are becoming.
12-GA-MAR-10-year-v2
The Global Gaming Awards: Rewarding Excellence
The 10th edition of the Global Gaming Awards took place in Las Vegas last year. Gaming America looks back... and ahead to this year's.
16-18-IGA-Preview
Preview: Indian Gaming Tradeshow & Convention
Gaming America looks ahead to the 2024 Indian Gaming Tradeshow & Convention and what attendees can expect when they arrive at the Anaheim Convention Centre.
20-22-GA-Mar-888-Holding-article
888 and the US Market: A cautionary tale
Gaming America explores the risk of resting on your laurels and the challenge of remaining relevant in a rapidly expanding market.