North Carolina’s sports wagering handle reaches $494.6m for May

June 10, 2024
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However, the results reflected a decline in activity when compared to the previous month.

The North Carolina State Lottery Commission has published its sports betting results for the month of May. Last month, players throughout the state placed more than $494.6m in bets.

Last month’s handle fell by more than $50m when compared to results from April. The state posted decreases in its monthly sports wagering revenue and what it paid in winnings to players last month as well.

May revenue totaled almost $31m, less than half of the revenue generated in April. Players walked away in May with $458m in winnings, a significant dip from the $538m that they won during the month of April.

Sports betting statewide made its debut in March of this year. Prior to the launch, the North Carolina State Lottery Commission issued sports wagering operator licenses to eight operators.

Its latest recipient was Tribal Casino Gaming Enterprise, which is an enterprise of the Eastern Band of Cherokee Indians.

Other approved licensees include FanDuel Sportsbook, BetMGM, DraftKings, Fanatic Sportsbook, bet365, ESPN Bet and Underdog Sports Wagering.

The Commission said in an online statement regarding the recent approvals, “Two additional provisional supplier licenses were also issued.

“As of Feb. 29, the Commission has issued three full licenses for sports wagering supplier, 20 provisional supplier licenses and three sports wagering service provider licenses.”

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.

State-by-State

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