North Carolina sports betting handle increases in July
The handle increased by 52.9 per cent year-on-year.
US.- The North Carolina State Lottery Commission has released its sports wagering revenue report for July. The state’s seven licensed interactive sports wagering operators posted a handle of $566.3m, up 52.9 per cent year-on-year but down 3.9 per cent sequentially.
Gross wagering revenue was $63.2m, up from $54.1m in the previous month. Winnings totalled $498.7m and estimated tax proceeds were $14m.
Mobile sports wagering launched in the state in March 2024. In May, North Carolina Governor Josh Stein signed an executive order that prohibits state employees from using information they gained at work to participate in prediction markets. The order is an extension of the state’s Ethics Act, which prohibits public workers from using information gained through their official responsibilities for their own personal financial interest.
