The North Carolina State Lottery Commission today released its sports wagering activity report for May.
The report compiles the sports wagering activity in May as submitted by the eight licensed interactive sports wagering operators.
Between 1 May and 31 May, account holders in North Carolina wagered $525,548,571on sports events, including paid wagering revenue and promotional wagering revenue.
From those wagers, account holders won $458,667,635.
State law levies an 18 percent tax on the gross wagering revenue generated by sports wagering 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 May, the gross wagering revenue was $63,080,347.
The N.C. Department of Revenue is responsible for collecting the tax proceeds from sports wagering revenue.
