Sports
NC sees major decline in sports betting for month of May
NORTH CAROLINA (WBTV) – After a hot start to legal sports gambling in North Carolina, the State Lottery Commission reported a major drop in total wagering revenue for May.
In April, the lottery commission reported $648,934,226 in total wagering revenue. That number decreased to $525,548,571 in May, a 19% decline.
“Don’t expect much positive movement in the coming months, despite how fresh the market is in North Carolina,” said Steve Bittenbender, an analyst with BetCarolina.com. “The state strategically legalized betting in time for March Madness, resulting in an impressive start, but the months after do not provide much action for sports fans to wager on.”
For more context, in the first three weeks of legal sports betting, North Carolinians wagered over $655 million. Those numbers covered the state’s first day of sports wagering, March 11 through March 31.
To see the entire revenue report for N.C., click here.
Copyright 2024 WBTV. All rights reserved.
When T20 World Cup-winning Hardik Pandya revealed all about his fitness routine
I’m a Fashion Editor Who Lives in Paris—5 Simple and Classy Outfits I’m Wearing On Repeat This Summer
I visited Technogym’s bizarre and brilliant treadmill factory – and it’s like Wonka’s Chocolate Factory for fitness fans
US Dollar Slips As Jobs Report Weakens Rate Hike Expectations
CrossFit Games athlete shares a 9-move workout to sculpt full-body muscle and build strength and endurance
Can Canada upset Lionel Messi, Argentina in Copa América rematch?
Argonauts’ struggles potentially open the door for Chad Kelly return
That Tasteless ‘The Boys’ Sex Scene May Have Ruined the Show
Today’s daily horoscope for July 6, 2024
