North Carolina's Online Sports Betting Hits $200 Million Mark in First Week
Date: 2024-03-28 Author: Dima Zakharov Categories: SPORTS BETTING
Strong Start for North Carolina Betting
The Tar Heel State recently entered the online sports betting arena and has made an impressive debut. Statistics reveal that almost $200 million has been wagered in the week following the launch.
Initial Figures and Player Success
According to the North Carolina State Lottery Commission, NC bettors placed $23.9 million in wagers on March 11, the day the market went live. Throughout the first week, bets reached a staggering $198.1 million. Notably, $12.4 million of the launch date wagers were promotional.
Substantial Winnings and Statewide Impact
Players in North Carolina enjoyed significant success, winning back $12.2 million within the first 12 hours and $141.6 million in the first week. These victories contributed to a total statewide gross gaming revenue (GGR) of $42.7 million.
Timely Launch and Sporting Events
The launch of online sports betting in North Carolina coincided with major sporting events, including the Atlantic Coast Conference tournament and the NCAA tournaments. This timing likely contributed to the initial surge in wagering activity.
Comparison and Future Prospects
While it's premature to draw direct comparisons with other states, initial results suggest a promising start for North Carolina's betting market. Executive Sterl Carpenter highlighted the high win rates, crediting the success to recent achievements by the state's sports teams.
Casino Legalization Consideration
In addition to sports betting, North Carolina is contemplating the legalization of Vegas-style casino resorts. Recent surveys indicate support from a majority of adults, particularly in rural areas, citing potential economic benefits.
