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, November vs. October

North Carolina Sports Betting Handle and Revenue: November 2024

The first November for North Carolina sports betting produced solid numbers as licensed operators accepted $657,688,077 in wagers, according to data released on Dec. 9 by the North Carolina State Lottery Commission. That monthly handle was up 7.5% from the $612,046,491 the state reported in October. In addition, November also supplanted October for the best paid handle since the state launched online wagering on March 11. Only March produced a higher total handle – and of the $659,308,541 wagered in March, promotional credits accounted for $202,605,909.

In November, just $19,038,473 in promos were applied to the handle.

November also turned out to be a much stronger month for operators for revenue. The $78,097,705 in gross gaming revenue was a 60.5% increase from the $48,659,761 operators reported in October.

The state also saw its proceeds increase by 60.5% from October. North Carolina’s 18% tax on sports betting operator revenues produced $14,057,587 in November, compared to $8,758,757 in October. The state has received $98,627,033 in wagering taxes in eight months and change since North Carolina sports betting started.

The North Carolina State Lottery Commission does not report handle or revenue totals for each of the eight licensed online sports betting operators.

North Carolina Mobile Sports Betting History