A shift is occurring in North Carolina’s sports betting landscape. Underdog Sports Wagering will cease operations within the state next week, a change confirmed by the North Carolina State Lottery Commission.
The regulator announced the news on Wednesday, prioritizing notification to existing account holders about the evolving betting market. This move impacts a significant number of North Carolina residents who utilize the platform for sports wagers.
Underdog has directly informed its users via email, detailing the impending closure. The company will officially stop accepting new sports bets on Tuesday, December 16th, marking a definitive end to this chapter of their service in the state.
A crucial detail for current users: all outstanding wagers are expected to be settled by Thursday, December 18th. Furthermore, account holders will retain full access to their funds, with the ability to withdraw them both during and after the official closure.
In a proactive step, Underdog is automatically converting any unused sports wagering funds into withdrawable balances. This ensures users can readily access their money as the platform transitions away from sports betting.
While Underdog’s departure leaves a void among the state’s eight licensed sports betting operators, it simultaneously opens the door for potential newcomers. Speculation is already circulating about brands like Bally or BetRivers vying for a place in the North Carolina market.
The company’s communication to North Carolina residents emphasizes this is not a complete exit. Users can continue to engage with Underdog’s fantasy sports offerings, drafts, and other features using their existing account credentials.
All bets placed before the December 16th deadline will be honored, with accounts automatically updated to reflect the outcome. An FAQ page has been established to address any customer inquiries arising from this change.
For any unsettled wagers remaining after the cut-off date, Underdog assures customers they will be paid out as wins. This commitment aims to provide a smooth and fair transition for all affected users.
The North Carolina State Lottery Commission has pledged continued collaboration with Underdog, even after the sportsbook closes, to resolve any lingering player issues and ensure a responsible wind-down of operations.
