The March handle surpassed the $594 million that was projected by the state's commission after the first week’s figures were released late last month.
The March handle surpassed the $594 million that was projected by the state's commission after the first week’s figures were released late last month. After missing out on February’s Super Bowl, North Carolina regulators made launching sports betting in time for March Madness a priority. the first revenue report from online wagering that began March 11. The Tar Heel State’s eight sportsbook operators combined to generate revenue of $66.5 million on a handle of $659.
Bettors were paid out $590.75 million, and there were a little more than $2 million of canceled/voided wagers. The commission’s initial release did not include revenue figures from North Carolina’s individual operators, which includes FanDuel, DraftKings, Caesars, BetMGM, bet365, ESPN BET, Fanatics Sportsbook, and Underdog Sports.With college basketball being an incredibly popular sport in North Carolina, it’s no surprise that the ballyhooed launch went well.That initial week accounted for 30% of the month’s total handle while nearly 40% of the promo credits went out that first week.
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