After two slow months, online gambling increased during September, according to the State Lottery Commission.
Between Sept. 1 and Sept. 30, account holders in North Carolina wagered $686,064,471 on sporting events, including paid and promotional wagers. From those wagers, account holders won $615,147,457. The numbers bumped up from August, when gamblers spent $478,665,662 and took home $420,601,112. July only saw $370 million in wagers.
In September, the gross wagering revenue for the state’s eight licensed interactive sports wagering operators totaled $66,763,867. After the 18 percent tax rate is applied, the estimated tax proceeds for the month would be $12,017,496. This is the projected amount that the N.C. Department of Revenue will collect from 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.
The North Carolina State Lottery Commission compiles the revenue monthly as submitted by the eight licensed interactive sports betting operators.
