Underdog Confirmed Be Shutting. Underdog has recently confirmed that it will be shutting down its sports betting operations in North Carolina.
na. The North Carolina State Lottery Commission made the announcement on Wednesday (December 10), stating that it wants to make Underdog sports wagering account holders aware of the change to the local betting market.
Underdog has also contacted its account holders about the operation ceasing in North Carolina through email. The company will stop accepting sports wagers on Tuesday, December 16, and expects to settle all outstanding sports wagers by Thursday, December 18. A sports wagering account holder can withdraw funds from their account throughout and after the closure. The company is converting all unused sports wagering funds to withdrawable funds in the accounts.
This development has sparked hopes that another sportsbook operator may enter the market in its place. Underdog is one of eight sports betting operators in the state, and its exit could potentially pave the way for a new brand to enter.
Underdog informs North Carolina residents about ‘upcoming change’
In an email, Underdog explained how sports betting will no longer be available via the platform in North Carolina from December 17. However, the company reassured customers that they can still make fantasy picks, play drafts, and enjoy everything else in the app using the same credentials as before.
All wagers placed before the cut-off date will be honored, with the company stating that no action is needed as the account will automatically reflect these updates. An FAQ page has been created on the company website, in the hopes of answering any customer questions.
For any future wagers that haven’t been settled by the date, these will be paid out as a win, the operator confirms in the email to customers. The North Carolina State Lottery Commission says it will continue to work with Underdog on any unresolved player issues, even after they close their online sportsbooks.
Underdog’s exit from North Carolina may also create an opportunity for existing operators to expand their services in the state. While the departure of Underdog is a loss for North Carolina sports bettors, it remains to be seen which operators will fill the gap in the market.
The full details of Underdog’s operations closure are outlined on their website and in correspondence with account holders. It is also worth noting that Underdog is not going anywhere and customers can still engage with their platform in other ways.
In related news, Bally and BetRivers are reportedly considering entering the North Carolina sports betting market. This development has sparked excitement among fans and operators alike, as the state continues to evolve its gambling landscape.
Sports betting operators are adapting to the changing regulatory environment and North Carolina is no exception. As the state continues to evolve, it will be interesting to see which operators emerge as leaders in the market.
The news has been met with a mixed reaction from sports bettors in North Carolina, with some expressing disappointment that Underdog is leaving the market, while others are looking forward to the opportunity for new operators to enter.
The impact of Underdog’s departure will be felt throughout the industry, and it remains to be seen how other operators will respond to the change. One thing is certain, the North Carolina sports betting market is evolving and it will be interesting to see how things unfold in the coming months.
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