NC sports betting revenue fell to $63.1 million in May, a 40.1% drop from April’s $105.3 million. Bettors wagered over $525 million in May, the lowest since the March 11 launch.
May revenue was also 5.1% lower than March’s $66.5 million, according to the North Carolina State Lottery Commission.
Since the March launch, operators have amassed $234 million in revenue and will pay over $42 million in taxes at an 18% tax rate.
NC sports betting operators paid out $458.7 million in winnings in May, with a hold percentage of 12.3%.
In addition to revenues, promotions also dropped significantly from $202.6 million in March to $30.9 million in May.
What do you think about the future of sports betting in North Carolina?
