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, September vs. August
| Total handle | Revenue (GWR) |
September | $686.064M | $66.764M |
August | $478.666M | $54.110M |
Change | Up 43.3% | Up 23.4% |
The Tar Heel State welcomed the return of regular season NFL action in a big way as North Carolina sports bettors wagered $686,064,471 during September. According to data from the state’s Lottery Commission, reported on Oct. 8, that was 43.3% higher than the August handle of $478,665,552.
Operator revenues also increased from August to September but at a far slower pace. North Carolina licensed sports betting apps reported revenues of $66,763,867 last month, a 23.4% increase over the $54,110,076 they earned in August.
On a year-over-year basis, the September handle rose 19.2% from the $575,398,078 total wagered in September 2024. However, operators saw revenues decline by 4.7% from the $70,062,945 they reported a year earlier.
North Carolina received $12,017,496 from the 18% tax it levies on sports betting operators in September. That was also up 23.4% from August’s $9,739,814. It also was down 4.7% from the $12,611,330 operators paid in September 2024.
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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