{"id":2532102,"date":"2026-01-09T16:49:01","date_gmt":"2026-01-09T21:49:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/halfway-home-pace-up-22-3-in-sports-gambling-tax-proceeds\/"},"modified":"2026-01-09T16:50:36","modified_gmt":"2026-01-09T21:50:36","slug":"halfway-home-pace-up-22-3-in-sports-gambling-tax-proceeds","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/halfway-home-pace-up-22-3-in-sports-gambling-tax-proceeds\/","title":{"rendered":"Halfway home, pace up 22.3% in sports gambling tax proceeds"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/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%2Fhalfway-home-pace-up-22-3-in-sports-gambling-tax-proceeds%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=2532102&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>North Carolina&#8217;s legal sports wagering is on pace to boost state tax receipts by about 22.3% in the current fiscal year,projecting more than $142 million for the year. After six months (through december) the state collected $71,307,052-an average of roughly $387,000 per day-with December adding $14.6 million (the month was the third-best as launch). The state tax equals 18% of gross wagering revenue; December&#8217;s totals showed more than $651.1 million wagered, bettors won about $581.3 million, and gross wagering revenue (after adjustments) was $81.5 million, with $14.7 million in promotional revenue.<\/p>\n<p>Key figures and allocations<\/p>\n<p>&#8211; six-month tax take: $71,307,052; projected FY total: >$142 million (up 22.3%).<\/p>\n<p>&#8211; FY2025 take was $116.5 million for comparison.<\/p>\n<p>&#8211; December totals: $651.1M wagered; $581.3M paid to bettors; $81.5M gross wagering revenue; $14.7M promotional revenue.<\/p>\n<p>&#8211; Largest monthly state receipts: April 2024 ($18.95M), November (two strong months: $16.73M and $14.06M), October ($14.07M).<\/p>\n<p>How proceeds are used (per Session Law 2023-42)<\/p>\n<p>&#8211; 18% of gross wagering revenue goes to the state.<\/p>\n<p>&#8211; $2M annually to Department of Health and Human Services for gambling addiction education\/treatment.<\/p>\n<p>&#8211; $1M annually to North Carolina Amateur Sports for youth sports expansion.<\/p>\n<p>&#8211; $300,000 annually to each of 13 public school collegiate athletic departments.<\/p>\n<p>&#8211; $1M annually to the N.C. Youth Outdoor Engagement Commission for grants.<\/p>\n<p>&#8211; About 30% of proceeds are used to help <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/athletics-running-out-of-time-to-find-home-in-oakland-or-las-vegas\/\" title=\"Athletics Running Out of Time To Find Home in Oakland or Las Vegas\">attract major sporting events<\/a>.  <\/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\">Halfway home, pace up 22.3% in sports gambling tax proceeds<\/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\">\n<div id=\"Brid_2468758\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>(The Center Square) &ndash; Legal <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/section\/sports\/\">sports<\/a> wagering in <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/north-carolina\/\">North Carolina&rsquo;s<\/a> second full fiscal year is on pace for a 22.3% increase to better than $142 million for state coffers.<\/p>\n<p>December books closed the first six months with another $14.6 million in tax proceeds, pushing the total thus far to $71,307,052. The average per day is better than $387,000, and the month was the third best since inception in March 2024, according to the State <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/lottery\/\">Lottery<\/a> Commission.<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/justice\/4413295\/arizona-bill-force-clergy-violate-confession-seal\/\">Arizona bill would force clergy to violate seal of confession<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/campaigns\/state\/4413096\/mamdani-called-to-denounce-we-support-hamas-chants-outside-nyc-synagogue\/\">Mamdani called on to denounce &#8216;we support Hamas&#8217; chants outside NYC synagogue<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/immigration\/4413284\/seattle-mayor-ice-mobilization-alerts\/\">Seattle mayor calls for people to sign up for &#8216;ICE Mobilization Alerts&#8217;<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p>The fiscal year 2025 take for the state was $116.5 million.<\/p>\n<p>The calculation for state coffers is 18% of the gross wagering revenue. 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=\"...ly sports wagering 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><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/ncgaming.gov\/reports\/\">Total gambled exceeded $651.1 million<\/a>&nbsp;in December, and total won by bettors topped $581.3 million. The gross wagering revenue was $81,514,515, factoring in adjustments. Promotional revenue was $14.7 million.<\/p>\n<p>The best months for the state&rsquo;s total take are April 2024 ($18,945,301), November ($16,728,516), this past month ($14,672,613), October ($14,066,214), and November 2024 ($14,057,587).<\/p>\n<p>Five things,&nbsp;<a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.ncleg.gov\/Sessions\/2023\/Bills\/House\/PDF\/H347v8.pdf\">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 sports betting in April\">expand youth sports opportunities<\/a>.<\/p>\n<p><strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/premium\/4410434\/paywall-nfl-games-media-rights-loss-common-culture\/\">TAXPAYER STADIUMS, PAYWALLED GAMES, AND THE LOSS OF COMMON CULTURE<\/a><\/strong><\/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<p>About 30% goes to help North Carolina attract major sporting events.<a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https%3A%2F%2Fwww.thecentersquare.com%2Fnorth_carolina%2Farticle_c852aced-36ca-4088-a394-56250ba57064.html%3Futm_medium%3Dsocial%26utm_source%3Dfacebook%26utm_campaign%3Duser-share\"><\/a><\/p>\n<\/div>\n<\/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>NC sports wagering taxes rise 22.3% midyear<\/p>\n","protected":false},"author":2869,"featured_media":2532103,"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\/06\/sports-gambling-.webp?w=696","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[70509,70510,32918,70511,33007],"class_list":["post-2532102","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-gambling-taxes","tag-revenue-growth","tag-sports-betting","tag-state-budgets","tag-tax-revenue"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/06\/sports-gambling-.webp?w=696","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2532102","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\/2869"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2532102"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2532102\/revisions"}],"predecessor-version":[{"id":2532106,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2532102\/revisions\/2532106"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2532103"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2532102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2532102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2532102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}