North Carolina releases May sports wagering activity report
7 Jun 2024
The report compiles the sports wagering activity in May as submitted by the eight licensed interactive sports wagering operators.
Between 1 May and 31 May, account holders in North Carolina wagered $525,548,571on sports events, including paid wagering revenue and promotional wagering revenue.
From those wagers, account holders won $458,667,635.
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 May, the gross wagering revenue was $63,080,347.
The N.C. Department of Revenue is responsible for collecting the tax proceeds from sports wagering revenue.