Tipico Sets Sights On North Carolina

Tipico Sets Sights On North Carolina
Fact Checked by Nate Hamilton

When sports betting in North Carolina fully launches statewide next year, Tipico Sportsbook is hopeful there will be a spot for them there.

Stephen Krombolz, the company’s senior vice president of business development and strategy, told BetCarolina Thursday that the German-based gaming operator plans to be a first mover in the Tar Heel State. 

Krombolz was a keynote speaker at the National Council of Legislators from Gaming States Summer Meeting in Denver. He is hopeful that there will be a Tipico North Carolina for sports bettors next year.

Who Is Tipico?

Tipico is a big player in Germany, where it was established nearly 20 years ago. It easily has more than half of the market share in the European nation and has a mix of online and retail, with more than 1,300 betting shops, including some that are franchised.

It’s a different story for the brand in the U.S. Krombolz described Tipico as a “challenger brand” going up against the likes of FanDuel and DraftKings, who may have more lucrative North Carolina sportsbook promos. The company is operational in Colorado, Iowa, New Jersey and Ohio. It also has a market-access deal in Indiana.

The company also developed its own gaming technology.

“That was a big part of our competitive advantage in Germany,” Krombolz said during his remarks. “So, we thought that made a lot of sense as we came to the U.S. Not repurposed code. All brand-new, built for the U.S.”

About North Carolina Sports Betting

The window to launch North Carolina sports betting runs for about five months next year. House Bill 347, which Gov. Roy Cooper signed into law on June 14, calls for the North Carolina State Lottery Commission to have the rules in place by Jan. 8. The commission can approve rules before then, but that’s the earliest date for a launch.

The North Carolina sports betting law requires the first bet to be taken by June 14, 2024.

Under the law, the lottery can approve up to 12 online operators. In addition, North Carolina’s two tribal gaming operators will be allowed to have an online partner, with those not counting toward the lottery’s allotment.

The commission has not yet released any application forms for interested operators, but we have all the information about the best North Carolina sports betting apps expected in the Tar Heel State. 

The law encourages operators to partner with the state’s major professional sports franchises and sites hosting professional golf and NASCAR events. Sporting venues including Bank of America Stadium, Charlotte Motor Speedway, Spectrum Center, PNC Arena, and WakeMed Soccer Park, will be eligible to host a brick-and-mortar sportsbook as well.

Stay close to BetCarolina.com moving forward, as we will cover sportsbooks like Tipico and Caesars Sportsbook North Carolina once online and mobile sports betting officially launches.

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Author

Steve is an accomplished, award-winning reporter with more than 20 years of experience covering gaming, sports, politics and business. He has written for the Associated Press, Reuters, The Louisville Courier Journal, The Center Square and numerous other publications. Based in Louisville, Ky., Steve has covered the expansion of sports betting in the U.S. and other gaming matters.

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