North Carolina Sports Betting Revenue Reports for April

North Carolina Sees Significant Increase in Sports Betting Revenue for April

In the bustling world of sports betting, North Carolina has emerged as a major player, with the state reporting a substantial increase in revenue for the month of April. The North Carolina Lottery Commission released their sports betting revenue reports, revealing a surge in gross gaming revenue by nearly $40 million compared to the previous month.

Sports betting enthusiasts in North Carolina placed bets totaling a whopping $648,934,226 in online sports during April, showcasing a strong appetite for wagering among residents. This marked a significant increase from the previous month, highlighting the growing popularity of sports betting in the state.

The state also saw a surge in gross wagering revenue, totaling $105,251,672 for April, up from $66.49 million in March. With North Carolina’s 18% tax rate on gross gaming revenue, the state raked in nearly $19 million in sports betting tax revenue for the month, showcasing the lucrative nature of the industry.

Notably, North Carolina outperformed established state markets such as Massachusetts in terms of sports betting tax revenue, further solidifying its position as a key player in the sports betting landscape. Despite facing a slight decline in promo spend and user winnings compared to the previous month, North Carolina’s sports betting market remained robust and profitable.

While the North Carolina State Lottery Commission did not provide breakdowns for individual operators in their report, the state’s sports betting industry continues to thrive and attract a diverse range of operators and participants. With the industry showing no signs of slowing down, North Carolina’s sports betting scene is poised for continued growth and success in the months to come.

As the state’s sports betting market continues to evolve and expand, North Carolina remains a key player to watch in the exciting world of sports wagering.