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, July vs. June

North Carolina Sports Betting Handle and Revenue: July 2024

The strong start to legalized sports betting in North Carolina continued into July as the state’s Lottery Commission reported bettors placed a total of $340,375,353 wagers in July.

That total is down 14.5% from June’s handle of $398,251,464, but North Carolina still remains ahead of our projections for the first-year handle. The state’s eight online sports betting operators have processed $2,572,418,155 in wagers since sports betting launched on March 11. That’s roughly 13% ahead of the nearly $6.5 billion handle BetCarolina estimated for the first 12 months of legalized wagering.

Wagering fell in July, but NC sportsbooks reported higher revenues for the month. The $42,226,040 operators won during the month was a 4.8% increase from the $40,302,263 in gross gaming revenue they reported in June.

Similarly, the state’s revenue from sports betting also increased month over month. North Carolina’s 18% tax on operator earnings generated $7,600,687 in July. That’s up from the $7,254,407 the state collected in June. To date, the state has received $57,124,176 in taxes since March. Through less than five full months, the state is already close to reaching the $65 million figure state officials forecasted North Carolina would generate during the first year of wagering.

All reported figures are for online operations. North Carolina’s sports betting law allows for brick-and-mortar sportsbooks, but none have opened outside of tribal casinos in the state. The North Carolina State Lottery Commission also does not break down handle or revenue data by operator.

North Carolina Mobile Sports Betting History