North Carolina Sports Betting Handle, Revenue Dip YoY In April
To be reasonable, no month has actually matched what Tar Heel State sports wagering generated in its first complete month a year earlier.
- Tar Heel State operators produced $576.2 million in wagers, down 11.2% from the previous year.
- College basketball had a limited effect in April, but Duke's loss in the Final Four likely helped sportsbooks increase month-over-month earnings.
- Sports wagering has resulted in $38 million in tax revenue 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 greatest earning month was November, which saw $78 million produced.
Sportsbooks in the basketball-centric state produced $576.2 million in wagers in April 2025, down 11.2% from the previous year. Duke, the favorite to win all of it, was the only in-state team to reach the men's NCAA Final Four. Heaven Devils lost in a semifinal to Houston.
That certainly helped operators get better in earnings, creating $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 5.6% however just half of April 2024's win rate.
Basketball decrease
Without a complete month of college basketball, the month-to-month 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 generated from the same two months in 2024, which consists of simply three weeks of wagering in March.
Year-to-date, online North Carolina sports betting has created $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 earnings since January. The Tar Heel State has yet to introduce retail sports wagering or pari-mutuel wagering.
More in the coffers?
The commission estimated that sports betting resulted in $8.4 million in tax earnings for North Carolina. The Tar Heel State has actually filled its coffers with more than $38 million in 2025 and over $94 million because the financial year began in July.
Lawmakers are looking for a method to use sports wagering to generate even more cash. The Senate passed a state spending plan last month that would increase the tax rate on the eight online operators from the existing 18% to a proposed 36%. The spending plan, which would go into impact on Oct.
.