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Underdog ends North Carolina sportsbook operations on 17 December

Deals & M&A

Underdog will stop accepting sports wagers in North Carolina on 16 December and end sportsbook operations the following day, the company said. It expects to settle outstanding wagers by Thursday, with unresolved futures paid at the maximum possible amount and unsettled parlay legs graded as wins. Customers can continue withdrawing funds after closure.

Customers must account for unsettled wagers before sportsbook operations end, though they can continue withdrawing funds afterward.

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Regulation

North Carolina records 12 consecutive months above $500m in sports wagers

North Carolina recorded sports wagers exceeding $500m for a 12th consecutive month. Citing Spectrum News, it said treatment providers were receiving more sports betting enquiries. Advocates argued that the state’s mandated $2m annual allocation from digital sports betting taxes was insufficient for gambling addiction education and treatment.

North Carolina has recorded a 12th consecutive month in which more than $500m was wagered on sports bets, according to a report. The figure was reported by Spectrum News, which also said treatment providers are receiving more sports betting-related enquiries.

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