North Carolina Sports Betting Revenue 2025

Revenue Insights

$433.18M Handle

Lowest full month since launch, down 20.9% from May.

Revenue Trends

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$58.07M GGR

Highest since April despite reduced handle.

Revenue Trends

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13.41% Hold

Strongest hold rate since launch in March.

Revenue Trends

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$10.45M Taxes

Down from May’s $11.74M, reflecting seasonal shifts.

Revenue Trends

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Sports Betting in North Carolina

North Carolina launched legal online sports betting on March 11, 2024, expanding beyond its previous retail-only framework at tribal casinos. The North Carolina State Lottery Commission regulates the market and allows multiple licensed operators to offer online wagering statewide. Taxed at 18% of gross gaming revenue, sports betting proceeds are allocated to the state’s General Fund, youth sports programs, and gambling addiction education and treatment initiatives. Despite being a relatively new market, North Carolina has quickly become one of the more active sports betting states in the Southeast, benefiting from its large population base and strong sports culture.

Want to learn about the best sportsbook options? Check out our in-depth North Carolina sportsbook reviews.

Annual Sports Betting Growth in North Carolina

Data is pulled directly from the North Carolina State Lottery Commission Annual Reports

Source:

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Monthly Sports Betting Growth in North Carolina

Taxes

Data is pulled directly from the North Carolina State Lottery Commission Monthly Reports

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North Carolina Sports Betting Revenue Performance

North Carolina entered the online sports betting market in March 2024 and has since posted steady growth. The table below shows 2024 totals alongside the 2025 monthly breakdown.

Year/Month	Handle	GGR	Hold %	Tax Revenue
2024	$5,357,547,407	$583,645,811	10.88%	$105,056,250
2025	—	—	—	—
Jan 2025	$646,942,020	$74,530,133	11.52%	$13,415,424
Feb 2025	$543,402,737	$55,658,912	10.24%	$10,018,604
Mar 2025	$685,003,031	$38,140,361	5.57%	$6,865,265
Apr 2025	$576,209,378	$46,803,712	8.12%	$8,424,668
May 2025	$547,812,855	$65,227,119	11.91%	$11,740,881
Jun 2025	$433,184,675	$58,071,308	13.41%	$10,452,835

Latest Updates

July 16, 2025 – North Carolina secured the 2026 MLS All-Star Game in Charlotte, supported by a $2 million grant from the state’s Major Events, Games, and Attractions Fund, financed through sports betting revenue. This marks the third major event funded by the initiative and signals broader economic opportunities driven by legalization. [Office of the Governor]
April 15, 2025 – A budget proposal included a plan to double the sports betting tax rate from 18% to 36%, redirecting a significant portion to athletic departments at UNC and NC State. The measure would channel up to $31 million annually to those universities. [Carolina Journal]
February 11, 2025 - North Carolina State Lottery Commission announces that the state's sports betting revenue rose 100% in January 2025 from December 2024 [InterGame, 2025]
February 10, 2025 - State representative Erin Paré files a bill proposing that citizens gain the ability to deduct gambling losses on their state tax return. [CBS17, 2025]
March 11, 2024 - North Carolina Governor Roy Cooper places the state's first online bet on the Carolina Hurricanes to win the Stanley Cup. [Governor.NC.Gov, 2024]
March 5, 2024 - FanDuel becomes the official sportsbook of the Carolina Panthers before online sports betting launches in the state. [Flutter, 2024]

North Carolina Snapshot

Key Aspect	Details
Population	Approximately 10.97 million residents as of 2024. (World Population Review, 2025)
Political Affiliation	North Carolina is considered a swing state, but it recently voted Republican in the presidential election. (270towin.com, 2025)
Year Sports Betting Legalized	Online sports betting went live in March 2024 after in-person betting had been made available in 2021. [CBS Sports, 2023]
Number of Sportsbooks Operating	There are eight sportsbooks available in North Carolina: FanDuel, DraftKings, Fanatics Sportsbook, ESPN BET, BetMGM, Caesars Sportsbook, bet365, and Underdog Sportsbook.
GGR 2025 (Jan-Jun)	$338,431,545
Handle 2025 (Jan-July)	$3,432,554,496
Professional Sports Teams	North Carolina has a number of professional sports teams, including the Carolina Panthers (NFL), Charlotte Hornets (NBA), Carolina Hurricanes (NHL), and Charlotte FC (MLS).

FAQs

General Questions

When did sports betting become legal in North Carolina?

Sports betting became legal at tribal casinos in 2021 and expanded to online platforms in March 2024.

How much revenue did North Carolina's sportsbooks generate in 2024?

North Carolina sportsbooks generated $583.6 million in Gross Gaming Revenue (GGR) in 2024.

What is the tax rate on sports betting revenue in North Carolina?

The state imposes an 18% tax on Gross Gaming Revenue from sports betting.

How is the tax revenue from sports betting distributed?

Funds are allocated to state programs, youth and collegiate sports, the Major Events Fund, and the General Fund.

Sol Fayerman-Hansen

Editor-in-Chief

Sol Fayerman-Hansen is Editor-in-Chief at RG.org with 20+ years of experience in sports journalism, gambling regulation, and tech. His work has appeared in Forbes, ESPN, and NFL.com, covering U.S. and Canadian gambling laws, major sports events, and wagering trends. Since 2023, Sol has led RG.org’s global editorial efforts, focusing on transparency, data accuracy, and regulatory insight. He works closely with researchers and legal experts to uphold E-E-A-T and Trust Project standards.📍 Israel/Canada 🌐 English, Hebrew 🎯 Gambling law, responsible gaming, tech in betting

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