Lottery Commission Releases October Sports Betting Revenue Report

RALEIGH, North Carolina (November 12, 2024) – The North Carolina State Lottery Commission is releasing its sports betting revenue report for October. It compiles the revenue in the month as submitted by the eight licensed interactive sports betting operators.

Between Oct. 1 and Oct. 31, account holders in North Carolina bet $612,046,491 on sports events, including paid and promotional bets. From those bets, account holders won $560,644,740.

State law levies an 18 percent tax on the gross wagering revenue generated by sports betting 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.

In October, the gross wagering revenue was $48,659,761. After the 18 percent tax rate is applied, the estimated tax proceeds for the month would be $8,758,757. This is the money the N.C. Department of Revenue collects from sports betting.

See October revenue report

SOURCE: North Carolina State Lottery Commission.