North Carolina’s legalization of sports gambling has been met with enthusiasm by its residents, who have actively participated in the activity since its launch. In the first three weeks alone, a reported $659,308,541 was wagered on sports events. This data was released by the N.C. State Lottery Commission in a report detailing promotional and paid revenue from bets made between March 11 and March 31.
From these wagers, North Carolinians were able to win a total of $590,750,303. The gross wagering revenue for March alone was $66,496,213, which is subject to an 18% tax as mandated by state law. This tax is applied to the total revenue generated by sports wagering activities.
As North Carolina continues to embrace legal sports gambling, it is important for residents to stay informed about the regulations and tax implications associated with this form of entertainment. For a more comprehensive overview of the sports gambling activity in March, you can refer to the full activity report on the WBTV website. Copyright for this report belongs to WBTV, and all rights are reserved.
