After North Carolina became one of the latest states to legalize online sports betting, the first month of operations has proven to be a massive success. According to state officials, the total handle for the first month reached an impressive $659 million.
The North Carolina Lottery Commission, which oversees the online sports betting market in the state, reported that the total handle for the first month was even higher than originally anticipated. In fact, the handle exceeded expectations by nearly $100 million, signaling a strong demand for online sports betting in the Tar Heel State.
The impressive handle figures were driven by a wide range of sporting events that took place during the first month of operations. Major events such as NFL games, college football matchups, and NBA games attracted a large number of bettors, contributing to the overall handle.
In addition to the strong handle figures, the state also reported a high number of new account registrations during the first month. Over 50,000 new accounts were created, indicating a strong interest in online sports betting among North Carolina residents.
The North Carolina Lottery Commission also reported that the state generated $45 million in revenue from online sports betting during the first month. This revenue will go towards funding various state programs and initiatives, providing a boost to the state’s economy.
Overall, the success of North Carolina’s first month of online sports betting operations has been a promising sign for the future of the industry in the state. With a high handle, strong revenue figures, and a large number of new account registrations, North Carolina is poised to become a major player in the online sports betting market.
Looking ahead, state officials are confident that the industry will continue to grow and thrive in North Carolina. With a wide range of sporting events and exciting betting opportunities available, online sports betting is expected to become a popular pastime for residents across the state.