As North Carolina takes the first steps toward legalizing sports betting and introducing instant lottery games, there’s another gambling option that could soon become a reality: iGaming.
iGaming, also known as iCasino, refers to online casino games that players can enjoy from their desktops and mobile devices. Virtual casino games can be slots, roulette, blackjack, and craps.
Right now, there is a growing push for iGaming to be included in North Carolina’s legal gambling market, and it could be the next big thing for the state. Continue reading if you want to learn more about iGaming in North Carolina.
Why iGaming Matters in North Carolina
If you’ve ever played an online casino game, you already know how iGaming/iCasino works. These games offer the same thrill and fun as traditional casino games but with the added benefit of being able to play while on the go.
Recently, the world of iGaming has grown rapidly in the United States. Several states, including Connecticut, Delaware, Michigan, New Jersey, Pennsylvania, and West Virginia, have already legalized iGaming for their residents, and hopefully, North Carolina will soon be added to the list.
Advocates of iGaming are asking North Carolina lawmakers to include this option in their upcoming casino legislation. Scott Ward, vice president of the Sports Betting Alliance, representing operators like Draft Kings, FanDuel, BetMGM, and Fanatics Sportsbook, believes that iGaming is a natural fit and should be part of the conversation.
iCasinos could provide an additional revenue source for the state, and data from other states indicates that these online games attract a different audience than brick-and-mortar casinos.
While the idea of iGaming is gaining traction in North Carolina, there are still many details to figure out. Before the new law becomes a reality, lawmakers will need to decide on the number of licenses that will be available to operators and the specific games that will be allowed in the bill.
For example, the state is considering granting up to 12 licenses for online and mobile betting operators, as well as in-person wagering. While the commercial sports betting market is targeted to open at the beginning of the year, the timeline for iGaming remains uncertain.
A Debate Over Economic Impacts and Responsible Gaming
Another important aspect is market saturation. Senator Leader Phil Berger believes that North Carolina must be aware of the potential effects of introducing too many gambling options. As more digital games become available on phones, the state needs to evaluate whether the revenue from these sources could diminish the potential returns from other gambling activities.
Safe and regulated iGaming in North Carolina could bring in hundreds of millions of dollars in revenue that could help fund state priorities.
Read more from SBA’s Scott Ward here:https://t.co/8gKEHJkaLr
— Sports Betting Alliance (@SBAllianceUS) August 17, 2023
The prospect of iGaming brings both potential benefits and concerns. Advocates like Scott Ward argue that iGaming would generate around $300 million in tax revenue for the state, with the added advantage of almost immediate implementation. Unlike video lottery terminals (VLTs) or brick-and-mortar casinos, which require physical infrastructure, iGaming can quickly start bringing revenue to North Carolina.
On the other hand, there is a debate over the economic impact of current physical casinos if iGaming is launched in the state. While online gaming could provide significant tax revenue, the opposition states that it would not offer the same job creation opportunities as brick-and-mortar casinos. According to Berger, a physical casino is the only form of gaming where the state would see a significant creation of new jobs.
House Speaker Tim Moore, while supportive of the overall casino expansion, has expressed concerns about digital gaming’s potential impact on the state. He worries that allowing people to gamble on their smartphones and mobile devices could lead to reckless behavior.
With the rise of online sports betting and the growing popularity of digital instant games, iGaming could be the next step in this evolution. The state can create a balanced and responsible gaming environment that benefits everyone involved with careful consideration and planning. Follow us on OnlineGamblers.com to stay updated on the latest news in North Carolina!
The bigger point is FINALLY iGaming is getting discussion in Dixie.
Now the elephant in the room will be ignored not much longer.
IF North Carolina, Virginia, or Tennessee were to legalize, the others will eventually.
Georgia maybe a little while. pic.twitter.com/5tqvJHmwi0
— iGaming Alliance (@iGamingAlliance) August 19, 2023
iGaming, also known as iCasino, refers to online casino games that players can enjoy from their desktops and mobile devices, including slots, roulette, blackjack, and craps.
As North Carolina takes steps toward legalizing sports betting and introducing instant lottery games, there is a growing push for iGaming to be included in the state’s legal gambling market.
iGaming offers the same excitement as traditional casino games but with the added convenience of playing on-the-go. It could also provide an additional revenue source for North Carolina.
Advocates include Scott Ward, vice president of the Sports Betting Alliance, representing operators like Draft Kings, FanDuel, Bet MGM, and Fanatics Sportsbook, who believes iGaming should be included in the upcoming casino legislation.
Advocates like Scott Ward argue that iGaming could generate around $300 million in tax revenue for North Carolina, with the added advantage of an almost immediate implementation.
While iGaming could provide tax revenue, it wouldn’t offer the same job creation opportunities as brick-and-mortar casinos. There are also concerns about market saturation and the potential for reckless behavior due to the ease of mobile gambling.
The timeline for iGaming in North Carolina remains uncertain. Lawmakers need to decide on several details, such as the number of licenses available to operators and the specific games allowed in the bill.
Senate Leader Phil Berger believes North Carolina must be aware of the potential effects of introducing too many gambling options, as market saturation could diminish the potential returns from other gambling activities.
House Speaker Tim Moore is supportive of casino expansion but has concerns about the potential impact of digital gaming on the state. He worries that allowing people to gamble on their smartphones and mobile devices could lead to reckless behavior.
The future of iGaming in North Carolina remains in focus as lawmakers continue their discussions on the overdue state budget and the casino issue. Despite concerns about economic impact and responsible gaming, iGaming appears to be part of the state’s future landscape.
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