• Tue. Apr 30th, 2024

North Carolinians Gamble $659 Million in First Three Weeks of Legal Sports Betting: Report Shows Gross Wagering Revenue of $66 Million in March

BySamantha Jones

Apr 17, 2024
North Carolina residents bet over $655 million in the first three weeks of legalized sports betting.

North Carolinians have been actively participating in legal sports gambling since its legalization, with over $655 million wagered within the first three weeks. Specifically, a total of $659,308,541 was bet on various sports events during this time period. The report from the N.C. State Lottery Commission covers the period from March 11 through March 31 and includes both promotional and paid revenue.

As a result of their wagers, North Carolinians won a total of $590,750,303 in this time frame. In March alone, the gross wagering revenue amounted to $66,496,213. It’s important to note that under state law, an 18% tax is imposed on the gross wagering revenue generated by sports wagering activity.

For more information on the detailed overview of sports gambling activity in March, you can refer to the full report available here. Copyright 2024 WBTV. All rights reserved

By Samantha Jones

As a content writer at newsnnk.com, I weave words into captivating stories that inform and engage our readers. With a passion for storytelling and an eye for detail, I strive to deliver high-quality and engaging content that resonates with our audience. From breaking news to thought-provoking features, I am dedicated to providing informative and compelling articles that keep our readers informed and entertained. Join me on this journey as we explore the world through the power of words.

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