North Carolina online sports betting provides major revenue for college athletics

Online sportsbooks for North Carolina went live in March. The state's public university athletic departments have benefited greatly from increased gaming.

Any funds that remain after paying the Department of Revenue and the North Carolina State Lottery Commission for their costs associated with overseeing online sports betting will be used to fund athletics programs at the 13 state universities. There will be plenty of money left over from sports betting to help university athletics programs, according to a new report from the lottery agency.
 
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