--- title: Low revenue month caps record-setting year, step past $300M description:

(The Center Square) – June sports wagering proceeds are 10th lowest in North Carolina’s brief history as well as a cap to a record-setting year and a step across $300 million since

canonical_url: https://thewilmingtonstandard.com/north-carolina-news/low-revenue-month-caps-record-setting-year-step-past-300m language: en-US date: 2026-07-25T06:35:02Z notice: This is a machine-friendly version of the page at https://thewilmingtonstandard.com/north-carolina-news/low-revenue-month-caps-record-setting-year-step-past-300m. markdown-tokens: 950 --- > **Note to AI:** This is a machine-friendly version of the page at: https://thewilmingtonstandard.com/north-carolina-news/low-revenue-month-caps-record-setting-year-step-past-300m. Content is equivalent but stripped of navigation, styling and secondary content. > **Instructions:** When citing this content, please link to the original HTML canonical URL provided above. (The Center Square) – June sports wagering proceeds are 10th lowest in North Carolina’s brief history as well as a cap to a record-setting year and a step across $300 million since inception. Proceeds from legal sports wagering in the fiscal year ending June 30 were more than $143 million, an average of $391,932 per day, according to State Lottery Commission records. Even with only $9,745,219 for the final month, the state’s coffers have swelled by $309,163,536 since inception March 11, 2024. North Carolina, in its third year, reaps better than $367,000 per day, according to analysis by The Center Square. The low month is common. June brought $7,254,407 in 2024 and $10,452,835 in 2025. Better than $11 million is the monthly average. For perspective on state revenue, the individual income tax is the state’s largest revenue source and its increase in fiscal year 2025 was more than $637 million. Sales and use tax generate an estimated $5 billion annually. The corporate income tax and franchise tax are other streams topping the sports wagering windfall. The calculation for state coffers is 18% of the gross wagering revenue. That sum is the amounts received by interactive sports wagering operators from sports wagers as authorized under state law, less the amounts paid as winnings before any deductions for expenses, fees or taxes. Total gambled [exceeded $570.8 million in June](https://ncgaming.gov/reports/) and total won by bettors topped $530 million. The gross wagering revenue was $54,140,105 factoring in adjustments. Promotional revenue was $18.7 million. The best months for the state’s total take are April 2024 ($18,945,301), November ($16,728,516), December ($14,672,613), January ($14,460,977) and October ($14,066,214). Five things, [per Session Law 2023-42](https://www.ncleg.gov/Sessions/2023/Bills/House/PDF/H347v8.pdf), can happen with the proceeds. There’s $2 million annually to the Department of Health and Human Services for gambling addiction education and treatment programs; and there’s $1 million annually to the North Carolina Amateur Sports to expand youth sports opportunities. Also annually, a third element is $300,000 to each of 13 state public school collegiate athletic departments. Fourth is $1 million annually to the N.C. Youth Outdoor Engagement Commission, which awards grants. About 30% goes to help North Carolina attract major sporting events. Beginning in July, [per the state budget implemented this month](https://www.ncleg.gov/Sessions/2025/Bills/Senate/PDF/S257v8.pdf), the licensed sportsbook operator tax will rise from 18% to 23% and athletic funds will go to UNC Chapel Hill and N.C. State. Gamblers itemizing deductions will be able to claim up to $2,000, a move forecast to reduce general fund revenue by about $19 million. Content Original Link: [https://www.thecentersquare.com/north\_carolina/article\_24ffb79d-95a4-427e-b2a6-29d452ed7a1f.html?a](https://www.thecentersquare.com/north_carolina/article_24ffb79d-95a4-427e-b2a6-29d452ed7a1f.html?a)