All About North Carolina Sports Betting Handle And Revenue
BetCarolina.com, your home for expertise on all North Carolina sports betting topics, has assembled this guide to explain terms such as handle, revenue and tax collections.
The state launched its legal mobile sports betting market on March 11, 2024. North Carolina has eight mobile operators offering a variety of wagers throughout the state. There are also a few retail outlets at tribal casinos in North Carolina.
To place a wager on the outcome of a sporting event, or a specific statistic within a game (this is known as prop betting), you must be physically located within the Tar Heel State. Like the other 30-plus states with mobile sports wagering, North Carolina uses geolocation technology to ensure that wagers are being placed legally within the state by a bettor who has an online account with one of the operators.
The companies offering North Carolina sportsbook apps include the major names you have probably heard of, even if you are new to sports betting. BetMGM, Caesars, DraftKings, FanDuel and ESPN BET all have North Carolina online sportsbooks. The other operators as of June 2024 are bet365, Fanatics and Underdog Sports.
Sportsbooks in the state have partnered with various pro sports teams or other entities in North Carolina that hold major sporting events. For instance, BetMGM has a deal with Charlotte Motor Speedway in Concord and Fanatics NC Sportsbook has partnered with the NHLās Carolina Hurricanes.
You can place a wager with any of those NC sports betting companies by signing up and using your smart phone, laptop or desktop computer to wager.
North Carolina Sports Betting, May vs. April
| Total handle | Revenue (GWR) |
May | $562.237M | $65.227M |
April | $576.209M | $46.804M |
Change | Down 2.4% | Up 39.4% |
Spring is when sports betting is supposed to wind down, but North Carolina bettors apparently havenāt received that message. According to data released on June 9 by the North Carolina State Lottery Commission, the stateās eight licensed sportsbooks reported a monthly handle of $562,236,652 in May.
That figure is just 2.4% lower than the $576,209,378 bettors in the Tar Heel State wagered during April. Itās also 7% higher than the $525,548,571 that was wagered in the state during May 2024. Aprilās handle was 5.6% higher than the amount wagered during April 2024, the first full month of sports betting in the state.
May was a busy month for sports in North Carolina. Aside from the Coca-Cola 600, one of NASCARās biggest races thatās held every Memorial Day weekend, the state also was the site for the 2025 PGA Championship, won by Scottie Scheffler at Quail Hollow. In addition, the Carolina Hurricanes made it to the Eastern Conference final in this yearās Stanley Cup playoffs.
While the handle dropped only marginally, sportsbook revenues soared. North Carolina online sports betting operators reported generating $65,227,119 in revenue for May. That was 39.4% better than the $46,803,712 the operators won in April.
North Carolina taxes sports betting operators at 18% of their revenue. In May, the state received $11,740,881.
The lottery commission does not break down its monthly reports by operator.
North Carolina Mobile Sports Betting History
North Carolina Sports Betting Handle and Revenue FAQs
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