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, January vs. December

North Carolina sports bettors celebrated the start of the new year with a big January. Online sportsbooks in the Tar Heel State reported a handle of $646,942,020 for the month, according to data from the North Carolina State Lottery Commission, reported on Jan. 10.

That’s the fourth-highest handle since sports betting launched in North Carolina on March 11, 2024. It was also 3.6% higher than the $624,600,175 bettors wagered in December.

While the handle rose only marginally, other figures increased substantially. January’s handle included $23,640,406 in promotional credits, which was up 46.4% from December’s total of $16,142,984.

Operators also enjoyed the beginning of the year as they collected revenues of $74,530,133, 108.7% higher than the $35,717,877 they earned in December.

As revenues increased, state taxes did as well. North Carolina received $13,415,424 in funding from operators. That’s 142% more than the $5,543,916 added to the state’s coffers in December.

North Carolina does not report handle or revenue figures by operator.

North Carolina Mobile Sports Betting History