Overview
- Over the past two NCAA tournaments, bettors in North Carolina wagered about $1.3 billion, generating more than $18 million in taxes.
- Since legalization two years ago, the state has collected $250 million in taxes and fees from sports betting, with $13.2 billion in paid bets and $700 million in promotional wagers reported.
- Gross wagering revenue for licensed operators totals about $1.5 billion under North Carolina’s calculation method.
- Earmarked funds are supporting gambling addiction education and treatment, youth sports initiatives, and college athletic departments.
- Resources are available through the North Carolina Problem Gambling Program at 877-718-5543, and reporting underscores the high volatility of March Madness bets.