North Carolina: Sports betting wagers reach nearly $200m during first week

March 28, 2024
Leer en Español

The state opened its regulated market March 11.

The North Carolina State Lottery Commission has released its preliminary results for the first day and first week of sports betting. The commission presented its results during a recent meeting, according to a Fox News report.

Legalized sports wagering debuted in the state March 11. North Carolina is the 38th state to welcome legalized sports wagering since the US Supreme Court repealed PASPA in 2018.

On the night of the market’s opening, $23.9m had been wagered, with nearly half of the total coming from promotional bets. Eight authorized operators began taking wagers at noon.

According to the commission’s report, more than $198.1m in bets were placed by the end of the first week. Players walked away with more than $141.6m in winnings during the week.

Gross gaming revenue (GGR) during the week reached almost $42.7m. The state will collect 18% in taxes under the terms of the current laws on the books.

Under the current regulations, the Lottery Commission is allowed to award up to 12 interactive sports wagering operator licenses statewide once the market is established. Players would then have access to online and mobile betting, as well as in-person wagering.

The state will initially allow players to place wagers on their mobile devices and will later accept in-person betting on a case-by-case basis.

As of now, approved licensees include FanDuel Sportsbook, BetMGM, DraftKings, Fanatic Sportsbook, bet365, ESPN Bet, Underdog Sports Wagering and Tribal Casino Gaming Enterprise, which is an enterprise of the Eastern Band of Cherokee Indians.

The Commission has also issued a supplier license to Sportradar’s US betting subsidiary, Sportradar Solutions. The company’s license will remain valid for the next five years.


Product Spotlight

Bragg Gaming Group

Bragg Gaming Group is a global content-driven iGaming technology provider, serving online and land-based gaming operators with its proprietary and exclusive content and cutting-edge technology.

John Connelly - Interblock preparing to launch online by the end of year

John Connelly, the Global CEO of Interblock, joins the Huddle to talk about:
- The company's conversion to the online space
- The performance of ETGs
- Interblock's new philanthropic efforts
- The trend of companies going private
- And more!

Michael Hershman - Dispelling casino 'myths:' New York needs to lose fear of the unknown

Michael Hershman, CEO of the Soloviev Group, joins Tim Poole on the Huddle to put forward his case that the Freedom Plaza is the way to go for one of New York's casino licences. He fields a variety of questions - not shying away from any of them - on why 'myths' about casinos and a fear of the unknown should be dispelled, as well as acknowledging the strength of rival bids and discussing opposition to the project.

As the Tribal gaming sector congregates once more in the Golden State, is it too cliché of me to suggest we are heading for a golden era of Tribal gaming? With the industry set to meet at the Indian Gaming Association t...

From The Top: Will youth be served by Sports Betting?
Two recent interviews in our Huddle podcast revealed to Las Vegas correspondent Brian Joseph just how young sports betting entrepreneurs are becoming.
The Global Gaming Awards: Rewarding Excellence
The 10th edition of the Global Gaming Awards took place in Las Vegas last year. Gaming America looks back... and ahead to this year's.
Preview: Indian Gaming Tradeshow & Convention
Gaming America looks ahead to the 2024 Indian Gaming Tradeshow & Convention and what attendees can expect when they arrive at the Anaheim Convention Centre.
888 and the US Market: A cautionary tale
Gaming America explores the risk of resting on your laurels and the challenge of remaining relevant in a rapidly expanding market.