Sports Betting
A ban on college player props in North Carolina is unlikely to happen in 2024
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In the Tarheel State, their legislative session is winding down. As of now, there has been no real movement or push for college player props to be banned from their sports betting catalog. On May 1, Representative Marcia Morey filed House Bill 967 but it never made it out of the rules, calendars, and operations committee. To make matters even more challenging, both chambers adjourned last week and just a few committee meetings are left on the schedule this month. Marcia Morey’s legislative assistant Hannah Smith said the Bill is “unlikely” to move in 2024.
From the beginning, House Bill 967 did not receive much support. Representative Jason Saine came out publicly and said that this Bill would not be considered in this short legislative session. Additionally, House Bill 967 called for a college player and Olympic prop ban to go into effect on July 1. Marcia Morey saw support from Senator Julie Mayfield who filed a companion bill. However, her bill never made it past the other chamber.
What has been the NCAA’s response to banning college player props?
Earlier this year, NCAA President Chalier Baker asked for all legal betting states to ban college player props. Baker feels that collegiate athletes are being harassed due to player props being available. So far, Maryland, Ohio, and Vermont have all banned player props this year. Additionally, Louisiana will no longer allow wagering on player props as of August 1. It’s going to be an uphill battle for the NCAA to convince every legal betting state to ban player props. The chances of that happening are slim. Regardless, NCAA President Charlie Baker will continue to work to protect his athletes.
Since March 11, the state’s eight online sportsbooks generated $2.2 billion in wagers and $275 million in gross revenue. North Carolina’s robust sports betting catalog helped them generate that type of revenue over the last five months. With the college sports betting season over, North Carolina saw their June betting handle fall 24%.