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The sports betting figures for July from the North Carolina State Lottery Commission show a strong showing. approximately $340.4 million was wagered by players throughout the month, and approximately $295.4 million was won. This lively activity highlights how sports betting is becoming more and more popular in the state.
With regard to promotional wagering, the earnings came to around $12.4 million. In total, the state received $42.2 million in gross wagering revenue in July. Approximately $7.6 million in tax income was brought into North Carolina by the burgeoning sports betting industry.
Sports betting launched statewide in March this year, following the issuance of licenses to eight operators by the North Carolina State Lottery Commission. The latest addition to the list of licensed operators is the Tribal Casino Gaming Enterprise, a venture of the Eastern Band of Cherokee Indians.
The roster of approved operators includes major players like FanDuel, BetMGM, DraftKings, Fanatics, bet365, ESPN Bet, and Underdog Sports Wagering. In a recent online statement, the commission noted, “Two additional provisional supplier licenses were also issued. As of Feb. 29, the Commission has issued three full licenses for sports wagering supplier, 20 provisional supplier licenses, and three sports wagering service provider licenses.”
Under current regulations, the Lottery Commission can issue up to 12 interactive sports wagering operator licenses once the market matures. This will enable both online and mobile betting, as well as in-person wagering options for players.
To address gambling-related issues, the North Carolina Department of Health and Human Services (NCDHHS) has partnered with ECU’s Gambling Research and Policy Initiative (GRPI) and Birches Health. Together, they offer resources and treatment options for gambling disorders. Individuals seeking help can access support through the North Carolina Gambling Hotline.