North Carolina Sports Betting Handle, Revenue Dip YoY In April

To be fair, no month has actually matched what Tar Heel State sports betting generated in its very first complete month a year earlier.


- Tar Heel State operators generated $576.2 million in wagers, down 11.2% from the previous year.
- College basketball had a minimal result in April, however Duke's loss in the Final Four likely assisted sportsbooks increase month-over-month income.
- Sports wagering has actually led to $38 million in tax earnings for the Tar Heel State in 2025.


The North Carolina State Lottery Commission reported on Monday that 8 online operators took $46.8 million in revenue in April, down 55.5% from the all-time state record of $105.2 million. The second highest grossing month was November, which saw $78 million produced.


Sportsbooks in the basketball-centric state $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 team to reach the males's NCAA Final Four. The Blue Devils lost in a semifinal to Houston.


That certainly helped operators recuperate in revenue, producing $8 million more than in March. The NBA playoffs likewise got off to an operator-friendly start during April, which produced an 8.1% hold. That's up from March's 5.6% but just half of April 2024's win rate.


Basketball decrease


Without a full month of college basketball, the month-to-month deal with decreased by 15.9%. Still, March and April produced a combined $1.26 billion in wagers. That's below the $1.31 billion created from the same two months in 2024, which includes just three weeks of wagering in March.


Year-to-date, online North Carolina sports wagering has produced $2.4 billion in wagers, while operators FanDuel, DraftKings, BetMGM, bet365, Caesars, Fanatics Sportsbook, ESPN BET, and Underdog have made more than $215 million in earnings considering that January. The Tar Heel State has yet to introduce retail sports betting or pari-mutuel betting.


More in the coffers?


The commission estimated that sports wagering led to $8.4 million in tax earnings for North Carolina. The Tar Heel State has filled its coffers with more than $38 million in 2025 and over $94 million because the fiscal year began in July.


Lawmakers are searching for a method to utilize sports wagering to bring in much more cash. The Senate passed a state spending plan last month that would increase the tax rate on the 8 online operators from the present 18% to a proposed 36%. The budget, which would enter into result on Oct.

.