North Carolina State Lottery Commission releases June sports wagering revenue report
Published 12:00 am Tuesday, July 9, 2024
RALEIGH — North Carolinians that took to recently legalized online gambling platforms lost more than $40 million during the month of June.
According to the June sports wagering revenue report released on Monday by the North Carolina State Lottery Commission on Monday, between June 1 and June 30, account holders in North Carolina wagered $398,251,464 on sports events.
From those wagers, account holders won $354,742,263.
Its worth noting that those placed wagers included paid wagering and promotional wagering revenue.
The report compiles the sports wagering revenue for the month of June as submitted by the eight licensed interactive sports wagering operators.
State law levies an 18-percent tax on the gross wagering revenue generated by sports wagering activity. Gross wagering revenue is a total of amounts received from sports wagers less the amounts paid as winnings before any deductions for expenses, fees or taxes. In June, the gross wagering revenue was $40,302,263.
The N.C. Department of Revenue is responsible for collecting the tax proceeds from sports wagering revenue.
The June revenue report is available on the commission’s website at https://ncgaming.gov/about/