September sports betting revenue up $200 million from August: NC Lottery Commission report

RALEIGH, N.C. (WNCN) — On Tuesday, the North Carolina State Lottery Commission released its sports betting revenue report for September.

The revenue compiles numbers for the month as submitted by eight licensed interactive sports betting operations.

Between Sept. 1 and Sept. 30, account holders in the state bet $575,398,078 on sporting events, including paid and promotional bets. From those bets, account holders won $501,559,590.

This would bring the total wagering revenue up by over $200 million from last month, where it was at $370,484,774 in August.

State law also levies an 18 percent tax on gross wagering revenue generated by sports betting activity. Gross wagering revenue is the total amount received from the sports wagers less amounts paid as winnings before any deduction for expenses, taxes or fees.

The overall gross revenue for the state in Sept. was $70,062,945. After the 18 percent tax rate is applied, the estimated tax proceeds would be $123,611,330. This amount represents what the N.C. Department of Revenue collects from sports betting.

To view the overall revenue report, click here .

The North Carolina State Lottery Commission is in charge of regulating sports bets. The legal gambling age is 21 years old.

For those seeking help with gambling addiction, free resources are available online at morethanagame.nc.gov , over the phone at (877) 718-5543, or by texting “morethanagamenc” to 53342

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