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The North Carolina State Lottery Commission released its sports wagering revenue report for July on Monday, August 12, 2024.

The report compiles the sports wagering revenue for the month of July as submitted by the eight licensed interactive sports wagering operators, noted a news release from the commission.

“Between July 1 and July 31, account holders in North Carolina wagered $340,375,353 on sports events, including paid wagering revenue and promotional wagering revenue,” stated the release. “From those wagers, account holders won $295,386,205.”

State law levies an 18 percent tax on the gross wagering revenue generated by sports wagering activity. Gross wagering revenue is a total of amounts received from sports wagers less the amounts paid as winnings before any deductions for expenses, fees, or taxes.

In July, the gross wagering revenue was $42,226,040. After the 18 percent tax rate is applied, the estimated tax proceeds for the month would be $7,600,687.

The North Carolina Department of Revenue is responsible for collecting the tax proceeds from sports wagering revenue.

The July revenue report is available at ncgaming.gov/about/reports.

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