North Carolina reports $33.8 million in sports betting revenue for August
The North Carolina State Lottery Commission announced on Monday that sports betting in the state generated $33.8 million in gross revenue for August.
From August 1 to August 31, sports bettors in North Carolina placed wagers totaling $370.5 million, including paid wagering revenue and promotional wagering revenue. Of these bets, $333.7 million was returned to bettors as winnings.
The gross wagering revenue for the month, calculated as the total amounts received from bets minus the winnings paid out, was $33.8 million. With the state imposing an 18 percent tax on this revenue, the estimated tax proceeds for August amount to $6.1 million.
The North Carolina Department of Revenue will oversee the collection of these tax proceeds. The revenue report includes data from eight licensed interactive sports betting operators operating in the state.
Bally’s temporary Chicago casino at Medinah Temple welcomes 1.3 million visitors during first year of operation
Norfolk City Council approves Pamunkey Tribe and Boyd Gaming casino project
Soft2Bet shortlisted in two categories at the Vixio Regulatory Awards 2024
Caesars Sportsbook to install 53 self-service betting kiosks across Washington D.C.
Clarion confirms iGB Affiliate Awards to be held alongside iGB L!VE in London
Codere revenue drops 11% to $735.8M in H1 amid weak trading conditions
Regulating the Game confirms Jay Robinson and Ian Hughes as speakers for its Masterclass Series
