Nearly $200 million bet in North Carolina's first week of legalized sports wagering

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Nearly $200 million bet in North Carolina's first week of legalized sports wagering
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The North Carolina official tasked with carrying out the state's new legalized sports wagering law says betting from smartphones and desktops got off to a “strong start.” The North Carolina State Lottery Commission heard on Wednesday preliminary monetary numbers from the first day and first week of sports gambling that began at noon March 11.

FILE - Fox Sports broadcaster Greg Olsen, who placed the first ceremonial bet in North Carolina, shows his receipt during a DraftKings event celebrating the launch of mobile and online sports wagering across the state at the NASCAR Hall of Fame, March 11, 2024, in Charlotte, N.C. The North Carolina official tasked with carrying out the state’s new legalized sports wagering law said Wednesday, March 27, that betting from smartphones and desktops got off to a “strong start.

Through the first week, over $198.1 million had been wagered, with $141.6 million in bet winnings paid. “Gross wagering revenue” — the base upon which the state will receive its 18% cut in taxes — was close to $42.7 million.North Carolina elections board finalizes results from primary marked by new voter ID rulesSterl Carpenter, a commission executive overseeing sports gambling, said it was too early to make informed comparisons of the launch to those in other states.

The North Carolina State University men’s team won its first ACC title since 1987 on March 16 by winning five games in a row, capped by a tournament, also authorizes for the future in-person wagering, statewide betting on horse races and rules to permit live horse racing. Before the law was carried out, sports gambling was legal in North Carolina only at three casinos operated by two American Indian tribes.

Through January, digital instant game sales — reduced by distributed prize proceeds — are more than five times the amount that was projected in the lottery’s annual budget, according to a presentation. Over 147,000 people have played digital instants since the launch, helping overall lottery gaming revenue, with multistate draw games not included, increase so far this fiscal year compared to last year rather than decrease.

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