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, October vs. September

North Carolina Sports Betting Handle and Revenue: October 2024

North Carolina sportsbooks reported a total handle of $612,046,491 for October, according to a report released on Nov. 12 by the North Carolina State Lottery Commission. That was an increase of 6.4% from the $575,398,078 reported for September.

While the overall handle is the third highest of any month since legalized online sports betting launched in March, the paid handle of $589,067,929 is the highest total the state has reported, topping the $569,283,605 reported for April. It’s also 9.4% higher than the paid handle of $538,367,688 for September.

As the handle rose, revenues did not. Thanks to an excellent month for football bettors, North Carolina’s licensed sportsbooks reported combined gross wagering revenues of $48,659,761. That was down 30.5% from the $70,062,945 the sports betting apps won in September.

As sportsbook revenue decreased, so, too, did the amount of money going to the state. The 18% sports betting tax generated $8,758,757 in October, down 30.5% from the $12,611,330 collected in September.

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

North Carolina Mobile Sports Betting History