In the latest gambling news, all eyes are on the Tar Heel State as North Carolina online sportsbooks go live. And according to the North Carolina Lottery Commission, sportsbooks have earned $198 million it its first week of operations. Anyone who wants to open a bookie website will be happy to see this much interest in a newly opened betting market.

The state’s regulatory body for betting also projects a $594.36 million handle for their first month. With online sports betting off to a strong start, many in the industry believe that this means better months for the state. Out of $198.1 million in wagers in its opening week, revenue is at $42.69 million. In its first day alone, the handle is at $23.9 million, with $11.03 million in revenue.

North Carolina Online Sportsbooks Celebrate Strong Start

North Carolina Online Sportsbooks Post 9-Digit Handle in First Week of OperationsHistorically, a lot of launches tend to show a strong start in the betting handle. Revenue can be good. But sometimes the numbers are usually lower. This is because sportsbooks offer a lot of welcome bonuses and promotions for new players during this period. For North Carolina, sportsbooks spent $81 million in promotional bets. While it looks like a steep price for promotional bets, this is actually a very efficient way to get people to join sportsbooks. Your per head sportsbook software will have the feature to help you offer bonuses to your players easily.

Another reason why the betting handle is high is because of the timing of the launch. March Madness is driving up sportsbook action across the nation, but North Carolina has a lot to bet on with NC State and North Carolina doing well this season. The state is known to be very passionate about sports, and we are seeing the effect on this on sports betting. And with basketball season at its peak and baseball season starting, sportsbooks can earn a lot in the next few months. You can also open your own sportsbook with the help of a reliable Bookie PPH Solutions service.

 

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