NC sports betting revenue rises 7% despite drop in promotional offers

NORTH CAROLINA — New data from the North Carolina Lottery said sports betting revenue is up 7% from last year.

According to the Charlotte Business Journal, paid and promotional wagers totaled over $560 million last month.

That’s in comparison to the nearly $525 million garnered the year before.

According to the Business Journal, the gain came despite a decline in promotional betting money.

Those are credits offered by operators to encourage customers to place bets.

VIDEO: House budget proposal would allow NC State, UNC to receive sports betting tax revenue distribution

House budget proposal would allow NC State, UNC to receive sports betting tax revenue distribution

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