MGM to Launch Online Sports Betting in North Carolina Through Charlotte Motor Speedway Partnership
MGMs online sports wagering platform is set to debut in North Carolina via a collaboration with the renowned Charlotte Motor Speedway. This entry into the Tar Heel State represents a major move for MGM.
The agreement sets the stage for MGM to initiate its platform once it secures regulatory clearance. Projections suggest that tax proceeds from sports wagering will significantly benefit North Carolina, bolstering state universities and a designated fund focused on enhancing tourism, generating employment opportunities, and stimulating economic expansion.
Although an official launch date remains unconfirmed, anticipation is building for a first-quarter 2024 rollout, aligning with previous remarks from Ripley Rand, North Carolina Lottery Commission Chair, who alluded to mobile sports betting going live in conjunction with the 2024 Super Bowl.
MGM CEO Adam Greenblatt conveyed his excitement, underscoring North Carolina’s passionate sports fanbase and the latent desire for a secure and regulated online sports betting environment. He stressed the partnership’s dedication to responsible gaming and its capacity to positively impact various state entities.
This development follows DraftKings’ own endeavors within NASCAR, indicating an increasing convergence between the realms of sports wagering and motorsports.
DraftKings is taking a significant step into the North Carolina market via an agreement that will establish them as the official daily fantasy sports provider for NASCAR. This partnership represents a major development for both DraftKings and NASCAR, granting them a substantial presence in an expanding market.
On the topic of noteworthy developments, our colleagues at Huddle recently conducted a captivating interview with BetMGM Chief Executive Officer, Adam Greenblatt. The interview, which offers valuable perspectives on the trajectory of sports wagering, is available for viewing at the provided link and is certainly worth your time.