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 NHL’s 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, October vs. September
| Total handle | Revenue (GWR) |
October | $811.436M | $78.145M |
September | $686.064M | $66.764M |
Change | Up 18.3% | Up 17.05% |
The month of October delivered a wholesome bounty of treats with zero tricks for North Carolina sports betting operators and regulators alike, with a new state record handle of $811,436,254, up 18.3% from September’s total of $686,064,47, which was the previous high-water mark in the Tar Heel State.
When broken down by betting gross wagering revenue (GWR), October fell shy of the state’s all-time record of $105,251,672 (set in April of 2024), with October’s total wrapping up at $78,145,630, up 17.05% from September ($66,763,867) and soaring 60.6% year-over-year from the $48,659,761 that was collected during the same period in 2024.
That surge in North Carolina sports betting revenue correlated directly with the state’s sports betting tax bill, which finished October at $14,066,214, up 17.05% from September ($12,017,496), while North Carolina’s handle grew by 32.6% year-over-year from the $612,046,491 handle from last October.
The North Carolina State Lottery Commission does not break down handle or revenue totals by operator, or by sport.
North Carolina Mobile Sports Betting History
North Carolina Sports Betting Handle and Revenue FAQs
Author
As a writer and analyst for BetCarolina.com, Steve not only covers gaming news and developments in North Carolina but also provides insights into what they mean for bettors, licensed operators and the state. A veteran journalist with 25 years of experience covering sports, politics and business, Steve has reported on the gambling industry intently over the past five years.
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