All About North Carolina Sports Betting Handle And Revenue

By Editorial Staff

@BetNCdotcom

April 7, 2025 01:06pm

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, March vs. February

One year after its launch, North Carolina sports betting remains strong as the state’s bettors posted a record monthly handle in March. That’s according to figures released on April 7 by the North Carolina State Lottery Commission.

The $685,003,031 wagered in March was up more than 26% from the $543,402,737 reported in February. It also broke the record of $659,308,541 set in March 2024, when sportsbooks opened in the Tar Heel State, by 3.9%.

However, a deeper look into the year over year figures shows that paid handle – the amount of money risked – jumped by 46.1%. Sportsbooks reported a paid handle of $456,702,632 in March 2024, with many North Carolina sports bettors taking advantage of new customer bonuses and other promotions. Last month, the paid handle totaled $667,058,573.

While the handle jumped from February to March, revenues went the other way. Bettors likely cashed in on Duke’s victories in the NCAA Tournament as well as other favorites advancing during March Madness. The $38,140,361 sportsbooks earned in March represented a 31.5% decrease from the $55,658,912 they reported for February.

Operator revenue also fell 42.6% from the $66,496,213 they collected during March 2024.

North Carolina taxes sports betting operators at 18% of their gross wagering revenue, and the state collected $6,865,265. That’s off by 31.5% from the $10,018,604 reported for February, and 42.6% from the $11,969,318 operators generated in March 2024.

State officials do not release operators’ sports betting handle or revenue information.

North Carolina Mobile Sports Betting History