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, December vs. November
| Total handle | Revenue (GWR) |
December | $629.521M | $35.718M |
November | $657.688M | $78.098M |
Change | Down 4.3% | Down 54.3% |
North Carolina sports betting traffic dipped slightly in December. That’s according to data reported on Jan. 17 by the North Carolina State Lottery Commission.
Bettors wagered $629,520,784 through the eight licensed operators in the state. That was down 4.3% from the $657,688,077 handle (or amount wagered) that the commission reported for November.
However, those who bet had far greater success against the sportsbooks in the final month of 2024, as the operators reported just $35,717,877 in gross wagering revenue. That is less than half of the $78,097,705 that the operators earned in November, a drop of 54.3%.
Likewise, the state’s revenue from the 18% tax on operator revenues also fell 54.3% to $6,429,218, compared to $14,057,587 for November.
With December totals now reported, North Carolina bettors wagered $5,417,556,359 during 2024, with sports betting launched on March 11. Operators reported gross revenues of $583,645,838, with the state’s share equaling $105,056,251.
State officials initially expected sports betting to generate $65 million in taxes during the first year.
The state lottery does not breakdown handle or revenue totals by operator.
North Carolina Mobile Sports Betting History
North Carolina Sports Betting Handle and Revenue FAQs
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