Most of the state’s public universities will split $10.7 million of sports betting revenue this year. The money, which comes from taxes placed on bets, is more than twice as much as university athletic directors thought they would receive.

Sports betting has been legal in North Carolina since March. According to the North Carolina State Lottery Commission, gamblers spent over $1.9 billion in bets from March to June. Combined with promotional funds, the state’s total wagering revenue has topped $2.2 billion.

State law requires sports wagering companies to pay an 18% tax on their gross wagering revenue. The proceeds are split among several state agencies and organizations including the state Lottery Commission, Department of Health and North Carolina Amateur Sports.

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