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North Carolina lottery achieves record-breaking $1 billion in annual net earnings

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North Carolina's state-operated lottery has achieved a historic milestone by surpassing $1 billion in annual net earnings, a feat attributed in part to robust sales driven by interest.

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The lottery also reported record sales of more than $4.3 billion during the last fiscal year, or $456 million higher than in the previous one.number drawings in North Carolina also soared, with MegaMillions alone more than doubling compared with 2021-22, according to a lottery document. There were three jackpots of more than $1 billion, totaling seven drawings, WRAL-TV reported.

Planning is now underway to start selling digital instant games in November and regulate sports wagering beginning in the first half of 2024. The General Assembly passed a law in June authorizing sports gambling.

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North Carolina lottery exceeds $1 billion in annual net earnings for the state for first timeNorth Carolina’s state-run lottery has for the first time exceeded $1 billion in annual net earnings.
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