What's new in WXII 12: North Carolina continues to rake in hundreds of millions of dollars in revenue each month from sports betting. The State Lottery Commission released its June revenue report this week, which covers the period from June 1 to 30. Account holders based in our state bet nearly $400 million on events. Most were pretty lucky, paying out about $355 million in winnings. While this figure is the lowest reported since gambling began in March, it's still a big revenue day for the state. The law requires an 18% tax on gross revenue,
North Carolina sports bettors wagered about $400 million in June, the lowest number ever recorded in the state.
North Carolina's mobile sports betting revenue in June fell to its lowest level since legal gambling began in mid-March, WRAL reports. The drop was expected, as the sports calendar had no significant college or NFL football games and few basketball games in June. TOP STORIESMount Airy woman loses everything after electrical short burns down home of 40 yearsPopular bookstore with locations in Winston-Salem and Mebane hosts 570-mile road trip challengeRising sea levels could pose major threat to North Carolina coastClick here for the latest news storiesStill, sports bettors made about $400 million in paid and promotional wagers in June, bringing the total statewide wager to more than $2.2 billion. Bettors placed more than $1.9 billion in paid wagers and more than $1.94 billion was paid out in winnings. WATCH: NOWCAST STREAMING NEWSCASTThe state collected more than $49.5 million in taxes for the fiscal year that ended June 30.That's far more than the revenue lawmakers predicted from sports betting. Read the full story at WRAL. Navigation: Home | Weather | Watch NOWCAST TV | Local News | National | Your Favorite News |Download the WXII App Here for the Latest News and Weather
Mobile sports betting revenue in North Carolina in June fell to its lowest level since legal betting began in mid-March, WRAL reported.
The dip was expected, as the sports calendar features no significant college football or NFL games in June and very few basketball games.
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Still, sports bettors placed nearly $400 million in premium and promotional wagers in June, bringing statewide total wagering to more than $2.2 billion. Gambling participants placed more than $1.9 billion in premium wagers and paid out more than $1.94 billion in winnings.
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The state collected more than $49.5 million in taxes in the fiscal year that ended June 30, far more than lawmakers had projected revenue from sports betting.
Read the full story at WRAL.
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