Two tribal casinos are taking sports bets in North Carolina Friday when Governor Roy Cooper signed a bill allowing the activity at limited locations. The bill restricts sports wagering to tribal lands and does not allow mobile bets. Revenue estimates for sports bets and horse betting are between $1 million and $1.5 million for the state annually. The original wagering bill was passed in April with the approval of the state North Carolina Senate and House of Representatives. The Eastern Band of Cherokee Indians was the only tribe that agreed to a compact with the state. The activity of betting…

A committee of NFL owners has reportedly given NFL teams the green light to grant sponsorship rights to casinos with sportsbooks. Teams will not be allowed to advertise sportsbooks or betting sites directly, but the rules change does relax a longstanding stance that prohibited teams from associating with casinos that also offered sports betting in Las Vegas. According to SportsBusiness Daily, a “team source” said the rules change was announced during a conference call on Monday. The report also claims NFL teams and casinos will be permitted to use one another’s logos in their advertising and promotions. Furthermore, the rules…

The Meadowlands Racetrack in East Rutherford, New Jersey, says it plans to start taking sports bets on July 14. The track had previously estimated it might begin taking bets a day later. An opening ceremony is set for that morning, with the first bets placed by invited dignitaries. The track’s sports betting operation will then be open to the public. The Meadowlands will be the second track, after Monmouth Park, to offer sports betting in New Jersey. More at Tampa Bay Times

The real world costs of operating US sports betting in a fully legal market were given special attention by Joe Asher, CEO of William Hill US, during last week’s GiGse conference in Miami. Asher was speaking as part of a panel that was tasked with examining how transforming legal betting on sports might be for the US gaming landscape. Explaining some of the cost implications, he told delegates: “I’d like to drill down a little bit more on tax rates to help explain it. There’s a quarter point handle on the tax from the IRS that partially translates into five…

NJ.com – So many people I know are excited about “March Madness” and this weekend’s NCAA “Final Four” in college basketball. The tournament lends itself to wagering that results in big bucks for a place like Las Vegas. I read somewhere that their hotel occupancy rates are above 90 percent when this tournament is taking place. Recently, state Senate President Stephen Sweeney, along with Atlantic City Mayor Don Guardian, spoke of the benefits of having legal sports betting in New Jersey. Atlantic City could see results similar to Las Vegas, with college basketball fans from up and down the East…