Latest Sports Betting News: Tom Brady, North Carolina And Vermont

It has been an eventful week of sports betting news. The NFL saw yet another sports betting scandal involving a player, and now Tom Brady is becoming the spokesman for the league’s gambling policy.

Meanwhile, North Carolina Gov. Roy Cooper is expected to sign the sports betting bill HB 347 into law soon. Plus, Vermont’s Gov. Phil Scott is also expected to sign their sports betting bill H. 127 soon. Here are the latest happenings around the country when it comes to sports betting news.

Tom Brady Promotions Legal Sports Gambling Policy

After the Isiah Rodgers sports betting scandal, the NFL has tasked Tom Brady with sending a message. It has been reported that the seven-time Super Bowl Champion appeared in an educational video about the NFL’s gambling policy.

The video shows Brady speaking on the integrity of the league and how betting on NFL games isn’t worth it. Brady harps on how being in the NFL is a privilege and opportunity and that breaking the gambling policy could ruin this. Brady finishes the video by encouraging players to follow the guidelines set by the NFL and to avoid these mishaps in the future.

The Isiah Rodgers situation alleges that the Indianapolis Colts star made around 100 wagers with some on his own team. The NFL suspended Calvin Ridley for an entire season for betting on NFL games in 2021. Rodgers’ scandal comes on the heels of the league suspending five players across the Washington Commanders and Detroit Lions this offseason.

Hopefully, this message from Brady can lead to a hard stop on violations across the league.

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North Carolina Launch Window

North Carolina lawmakers passed sports betting legislation earlier this week. Gov. Cooper is expected to sign the measure into law within 10 days. This would kick off a 12-month window for sportsbooks to launch.

North Carolina will launch mobile betting apps by June 2024 at the latest. Most markets aim to go live in time for Super Bowl or March Madness to claim all the action from sports betting fans. It is possible the Tar Heel State would aim for a similar timeline.

The North Carolina State Lottery will oversee the sports betting market and is expected to begin the regulatory process immediately. Fans can expect more clarity on a launch window after the measure goes into law.

According to GeoComply, there is a healthy appetite for sports betting in North Carolina. GeoComply’s tracking technology revealed that more than 1.5 million transactions came from NC locals attempting to wager. This has come from 155,000 unique accounts.

“It’s a great step for consumers in the state. We know there’s tremendous demand. They want legal options. This will bring them to them,” said John Pappas, senior vice president of GeoComply. “Consumers want legal options. They want to be able to put their money on and know they’re going to get their money off. I imagine next year we’ll be sharing data in South Carolina showing South Carolina lawmakers how many South Carolinians are traveling north simply to place a bet in North Carolina because they can’t do it in their home state.”

Vermont Sports Betting Signature Incoming

Vermont is in a similar position. The Green Mountain State saw sports betting legislation passed in both chambers and now awaits a signature from Gov. Scott. When we spoke with bill sponsor Matt Birong, there was a preliminary target for a launch by the NFL season.

“If it were to navigate its way through and be signed into law … best case scenario, fastest route to market, probably the beginning of next football season, if not next Super Bowl,” said Birong “That’s TBD depending on what our operators are capable of putting together.”

That timeline could still be reached, as Gov. Scott is expected to sign the measure into law this week. This would mark the final New England state to have legal sports betting. Vermont would be the 38th regulated betting market in the U.S. Locals are closer than ever to having mobile sportsbooks at their disposal.

Vermont is projected to over $2 million in sports betting taxes within the first year and $10 million annually by 2026. Lawmakers will surely aim to launch as soon as possible to claim this revenue and kick off the market.