{"id":2354287,"date":"2024-10-13T14:13:01","date_gmt":"2024-10-13T18:13:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/half-billion-dollars-won-in-north-carolinas-second-best-month-washington-examiner\/"},"modified":"2024-10-13T14:15:02","modified_gmt":"2024-10-13T18:15:02","slug":"half-billion-dollars-won-in-north-carolinas-second-best-month-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/half-billion-dollars-won-in-north-carolinas-second-best-month-washington-examiner\/","title":{"rendered":"Half-billion dollars won in North Carolina\u2019s second-best month &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fhalf-billion-dollars-won-in-north-carolinas-second-best-month-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2354287&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>In September, North Carolina saw a \u200bsignificant increase in tax proceeds from sports wagering, earning approximately $12.6 million, a 107.6% rise from\u2062 August. This marked the state&#8217;s second-best month for tax revenue since\u2064 legalizing sports betting, following a strong April. The state collects 18%\u200d of the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/legalized-sports-betting-creates-new-generation-of-problematic-gamblers-washington-examiner\/\" title=\"Legalized sports betting creates new generation of problematic gamblers - Washington Examiner\">gross wagering revenue<\/a>, which is calculated \u2064after deducting winnings paid to\u2064 bettors. Over the first 204 days of wagering, the average daily gain for the state is about $371,621, with total revenues reaching nearly $75.8 million. This surge is partly attributed to the excitement \u2064of\u200b the football season, indicating a \u2064positive trend for state finances as sports betting \u200cbecomes \u2064more established.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Half-billion dollars won in North Carolina&rsquo;s second-best month<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1834126\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>(The Center Square) &ndash; Hello, football! And welcome, from the North Carolina bottom line for tax proceeds.<\/p>\n<div class=\"article-paywall\">\n<p>To no surprise, the gridiron&rsquo;s first full month of action led to increased activity &ndash; and money for state coffers &ndash; through sports wagering. Estimated tax proceeds in September were $12,611,330, a 107.6% increase from the previous month.<\/p>\n<p>Though only the seventh month of legal sports wagering, the total was second best to April.<\/p>\n<p>The gross wagering revenue &ndash; amounts received by interactive sports wagering operators from sports wagers as authorized under state law, less the amounts paid as winnings before any deductions for expenses, fees or taxes &ndash; is multiplied by 18% to give the state its take.<\/p>\n<p>Through the first 204 days, North Carolina is averaging a gain of $371,621 per day on the $75,810,688 total. In context, many operators offered incentives early in what could also be described as a novelty, or honeymoon, period.<\/p>\n<p>Still, the monthly takes have been $11,969,318 in 21 days of March; $18,945,301 in April; $11,354,462 in May; $7,254,407 in June; $7,600,687 in July; and $7,600,687 in August. The new fiscal year started July 1.<\/p>\n<p>Bettors gambled 50.7% more and won 50.3% more than the previous month. Total gambled exceeded $575 million and total won topped $501 million.<\/p>\n<p>Promotional wagering revenue, $202 million the first month, in September rose to $37 million from $13.1 million in August.<\/p>\n<p>Five things, per Session Law 2023-42, can happen with the proceeds. There&rsquo;s $2 million annually to the Department of Health and Human Services for gambling addiction education and treatment programs; and there&rsquo;s $1 million annually to the North Carolina Amateur Sports to expand youth sports opportunities.<\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><\/a><\/strong><\/p>\n<p>Also annually, a third element is $300,000 to each of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/state-coffers-gain-18-9m-from-april-sports-wagers\/\" title=\"Government revenues increase by .9 million from sports betting in April\">13 state public school collegiate athletic departments<\/a>. Fourth is $1 million annually to the N.C. Youth Outdoor Engagement Commission, which awards grants.<\/p>\n<p>Finally, there are certain reimbursements to the state Lottery Commission and Department of Revenue for expenses incurred to implement and administer the new law. After that, it&rsquo;s 20% to the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/monthly-sports-wagering-take-up-slightly-and-football-is-coming-washington-examiner\/\" title=\"Monthly sports wagering take up slightly, and football is coming - Washington Examiner\">13 public collegiate athletic departments<\/a>; 30% to a new fund to attract major events, games and investments; and 50% to the state&rsquo;s General Fund.<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_1834126\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"1834126\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>North Carolina&#8217;s sports betting tax revenue hit $12.6M in September<\/p>\n","protected":false},"author":1,"featured_media":2354288,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/05\/iStock-157308559-1024x683.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[21991,32258,42902,32076,42901],"class_list":["post-2354287","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-lottery","tag-north-carolina","tag-record-month","tag-washington-examiner","tag-winnings"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/05\/iStock-157308559-1024x683.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2354287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2354287"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2354287\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2354288"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2354287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2354287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2354287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}