The state of North Carolina has recently legalized sports gambling, and it has been well-received by the residents. Within the first three weeks of its legalization, over $655 million was wagered, according to a report from the N.C. State Lottery Commission. This includes both promotional and paid revenue, resulting in North Carolinians winning a total of $590,750,303 from their wagers during this time period.
In March alone, the gross wagering revenue amounted to $66,496,213. It’s worth noting that under state law, an 18% tax is imposed on the gross wagering revenue generated by sports wagering activity. For those interested in learning more about the detailed overview of the sports gambling activity in March, you can refer to the full report available here.
