North Carolina Sports Betting Handle, Revenue Dip YoY In April
To be fair, no month has matched what Tar Heel State sports wagering generated in its very first complete month a year back.
- Tar Heel State operators generated $576.2 million in wagers, down 11.2% from the previous year.
- College basketball had a restricted effect in April, however Duke's loss in the Final Four most likely helped sportsbooks increase month-over-month revenue.
- Sports betting has resulted in $38 million in tax income for the Tar Heel State in 2025.
The North Carolina State Lottery Commission reported on Monday that eight online operators took $46.8 million in earnings in April, down 55.5% from the all-time state record of $105.2 million. The 2nd highest grossing month was November, which saw $78 million produced.
Sportsbooks in the basketball-centric state created $576.2 million in wagers in April 2025, down 11.2% from the previous year. Duke, the preferred to win all of it, was the lone in-state group to reach the men's NCAA Final Four. The Blue Devils lost in a semifinal to Houston.
That definitely helped operators recuperate in profits, creating $8 million more than in March. The NBA playoffs also left to an operator-friendly start throughout April, which produced an 8.1% hold. That's up from March's 5.6% however simply half of April 2024's win rate.
Basketball decrease
Without a full month of college basketball, the monthly handle reduced by 15.9%. Still, March and April produced a combined $1.26 billion in wagers. That's down from the $1.31 billion from the same two months in 2024, that includes simply 3 weeks of wagering in March.
Year-to-date, online North Carolina sports wagering has generated $2.4 billion in wagers, while operators FanDuel, DraftKings, BetMGM, bet365, Caesars, Fanatics Sportsbook, ESPN BET, and Underdog have actually made more than $215 million in profits since January. The Tar Heel State has yet to present retail sports betting or pari-mutuel betting.
More in the coffers?
The commission approximated that sports betting resulted in $8.4 million in tax revenue for North Carolina. The Tar Heel State has filled its coffers with more than $38 million in 2025 and over $94 million considering that the began in July.
Lawmakers are searching for a way to utilize sports wagering to bring in a lot more money. The Senate passed a state spending plan last month that would increase the tax rate on the eight online operators from the current 18% to a proposed 36%. The budget, which would enter into impact on Oct.
.