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, February vs. January

North Carolina capped its first year of sports betting in fine fashion in February. Figures released on March 10 by the North Carolina State Lottery Commission showed Tar Heel State bettors wagered $543,402,737 in February.

That is a drop of 16% compared to the $646,942,020 in bets placed in January. However, that’s to be expected. While the Super Bowl takes place in February, January features significantly more NFL games as well as the College Football Playoff.

The state’s sportsbooks generated $55,658,912 in revenue for the second month of 2025. That was off by 25.3% from the $74,530,133 the North Carolina online sports betting apps earned in January. It also indicates bettors were more successful in February as they placed bets on the Super Bowl, NCAA basketball games, the NBA’s Charlotte Hornets and Stanley Cup contending Carolina Hurricanes.

Thanks to the 18% tax on sportsbook revenues, North Carolina received $10,018,604 for February.

The Lottery Commission does not break down handle and revenue data by operator.

With February’s numbers in, the first full year of North Carolina sports betting has been completed. Since the first bets were placed on March 11, 2024, the state’s sportsbooks have reported taking $6,602,980,507 in wagers and generating $713,834,883 in revenue.

The biggest winner has been the state itself. The $127,604,976 in tax revenue is roughly double what proponents forecasted the state would earn in its first year when lawmakers legalized sports betting two years ago.

North Carolina Mobile Sports Betting History