{"id":2444878,"date":"2025-06-09T14:04:02","date_gmt":"2025-06-09T18:04:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/north-carolina-tax-proceeds-via-sports-wagering-rocket-up-in-may-washington-examiner\/"},"modified":"2025-06-09T14:06:57","modified_gmt":"2025-06-09T18:06:57","slug":"north-carolina-tax-proceeds-via-sports-wagering-rocket-up-in-may-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/north-carolina-tax-proceeds-via-sports-wagering-rocket-up-in-may-washington-examiner\/","title":{"rendered":"North Carolina tax proceeds via sports wagering rocket up in May &#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\">28<\/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%2Fnorth-carolina-tax-proceeds-via-sports-wagering-rocket-up-in-may-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=2444878&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 May 2024, North Carolina&#8217;s sports wagering tax proceeds saw a significant increase, reaching $11,740,881, which is 39.3% higher than April&#8217;s totals.The figures represent a remarkable growth from March when tax proceeds were under $7 million. Since its inception, the sports wagering system has averaged $347,921 in daily tax revenue, benefiting state finances and various programs. For the fiscal year 2024-25, the total proceeds have surpassed $105 million. The funds generated from sports betting are allocated towards mental health services for gambling addiction, youth sports, college athletic departments, and outdoor engagement programs. the ongoing development and success of sports wagering in North Carolina highlights its growing economic significance.  <\/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\">North Carolina tax proceeds via sports wagering rocket up in May<\/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_2143898\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>(The Center Square) &ndash; Only five months since inception and three this <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/economy\" target=\"_blank\" rel=\"noopener\" title=\"fiscal year\">fiscal year<\/a> topped the <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/taxes\" target=\"_blank\" rel=\"noopener\" title=\"tax\">tax<\/a> proceeds from sports wagering in May, the <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/north-carolina\" target=\"_blank\" rel=\"noopener\" title=\"North Carolina\">North Carolina<\/a> State Lottery Commission reported Monday morning.<\/p>\n<p>Eight licensed sports books produced $11,740,881 for state coffers. Sports wagering since inception has averaged $347,921 per day. This fiscal year, it&rsquo;s $316,410.<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/3435599\/latinas-for-trump-ileana-garcia-deportation-unacceptable-inhumane\/\">Latinas for Trump co-founder decries administration&#8217;s deportation strategy: &#8216;Unacceptable and inhumane&#8217;<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3435490\/treasury-department-sanctions-mexican-cartel-murder-us-marine-veteran-nicholas-quets\/\">Treasury sanctions Mexican cartel &#8216;involved in&#8217; murder of US Marine veteran Nicholas Quets<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/campaigns\/3435505\/new-jersey-governor-democratic-primary-contenders-taking-on-trump\/\">A uniform theme emerges among New Jersey Democratic primary contenders: Taking on Trump<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p>May proceeds were 39.3% higher than April and 71% higher than the maddening March total of less than $7 million that is the third lowest on record.<\/p>\n<p>The calculation for state coffers is 18% of the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/legalized-sports-betting-creates-new-generation-of-problematic-gamblers-washington-examiner\/\" title=\"Legalized ... creates new generation of problematic gamblers - Washington Examiner\">gross wagering revenue<\/a>. That sum is the amounts received by <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/monthly-sports-wagering-take-up-slightly-and-football-is-coming-washington-examiner\/\" title=\"Monthly ... take up slightly, and football is coming - Washington Examiner\">interactive sports wagering operators<\/a> from sports wagers as authorized under state law, less the amounts paid as winnings before any deductions for expenses, fees or taxes.<\/p>\n<p>The following are <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/sports-betting-on-pace-for-113-1-million-in-first-full-fiscal-year\/\" title=\"... on pace for 3.1 million in first full fiscal year\">chronological monthly totals<\/a> in tax proceeds since inception:<\/p>\n<p>&bull; March 2024: $11,969,318 (only 21 days; play began March 11).<\/p>\n<p>&bull; April 2024: $18,945,301.<\/p>\n<p>&bull; May 2024: $11,354,462.<\/p>\n<p>&bull; June 2024: $7,254,407 (end fiscal year 2023-24).<\/p>\n<p>&bull; July 2024: $7,600,687 (begin fiscal year 2024-25).<\/p>\n<p>&bull; August 2024: $6,075,183.<\/p>\n<p>&bull; September 2024: $12,611,330.<\/p>\n<p>&bull; October 2024: $8,758,757.<\/p>\n<p>&bull; November 2024: $14,057,587.<\/p>\n<p>&bull; December 2024: $6,429,218.<\/p>\n<p>&bull; January: $13,415,424.<\/p>\n<p>&bull; February: $10,018,604.<\/p>\n<p>&bull; March: $6,865,265.<\/p>\n<p>&bull; April: $8,424,668.<\/p>\n<p>&bull; May: $11,740,88.<\/p>\n<p>The total in fiscal year 2024-25 climbed to $105,997,604.<\/p>\n<p><a href=\"https:\/\/ncgaming.gov\/about\/reports\" target=\"_blank\" rel=\"noreferrer noopener\">Total gambled exceeded $562 million in May<\/a>&nbsp;and total won by bettors topped $492 million. The gross wagering revenue was $65,227,119 factoring in adjustments. Promotional wagering revenue was $14.4 million.<\/p>\n<p>Five things,&nbsp;<a href=\"https:\/\/www.ncleg.gov\/Sessions\/2023\/Bills\/House\/PDF\/H347v8.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">per Session Law 2023-42<\/a>, 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 <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 ... in April\">expand youth sports opportunities<\/a>.<\/p>\n<p>Also annually, a third element is $300,000 to each of <a href=\"https:\/\/amzn.to\/3YuVZYV\" >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<\/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_2143898\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"2143898\"}});<\/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 wagering tax revenue surged in May, reaching $11.7 million<\/p>\n","protected":false},"author":1,"featured_media":2444879,"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\/2025\/01\/LA.Sports.020525.webp","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[53302,32258,46643,56810,32076],"class_list":["post-2444878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-may-2023","tag-north-carolina","tag-sports-wagering","tag-tax-proceeds","tag-washington-examiner"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/01\/LA.Sports.020525.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2444878","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=2444878"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2444878\/revisions"}],"predecessor-version":[{"id":2444882,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2444878\/revisions\/2444882"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2444879"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2444878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2444878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2444878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}