North Carolina Sports Betting Handle, Revenue Dip YoY In April
To be fair, no month has actually matched what Tar Heel State produced in its first complete month a year back.
- Tar Heel State operators produced $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 helped sportsbooks increase month-over-month profits.
- Sports betting has resulted in $38 million in tax profits 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 income 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 preferred to win everything, 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 recover in earnings, developing $8 million more than in March. The NBA playoffs also left to an operator-friendly start during April, which produced an 8.1% hold. That's up from March's 5.6% however just half of April 2024's win rate.
Basketball decline
Without a full month of college basketball, the regular monthly 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 consists of simply three weeks of betting in March.
Year-to-date, online North Carolina sports wagering has actually 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 considering that January. The Tar Heel State has yet to introduce retail sports wagering or pari-mutuel betting.
More in the coffers?
The commission estimated that sports wagering caused $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 given that the fiscal year began in July.
Lawmakers are looking for a method to use sports betting to generate a lot more cash. The Senate passed a state budget last month that would increase the tax rate on the 8 online operators from the current 18% to a proposed 36%. The budget plan, which would enter into effect on Oct.
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