North Carolina Sports Betting Handle, Revenue Dip YoY In April

To be reasonable, no month has matched what Tar Heel State sports wagering produced in its very first full month a year earlier.

– Tar Heel State operators created $576.2 million in wagers, down 11.2% from the previous year.
– College basketball had a restricted impact in April, however Duke’s loss in the Final Four likely assisted sportsbooks increase month-over-month earnings.
– Sports wagering has resulted in $38 million in tax earnings for the Tar Heel State in 2025.

The North Carolina State Lottery Commission reported on Monday that eight online operators carried in $46.8 million in revenue 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 produced $576.2 million in wagers in April 2025, down 11.2% from the previous year. Duke, the favorite to win it all, was the only to reach the men’s NCAA Final Four. The Blue Devils lost in a semifinal to Houston.

That certainly assisted operators recuperate in revenue, producing $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% but just half of April 2024’s win rate.

Basketball decline

Without a complete month of college basketball, the month-to-month handle decreased by 15.9%. Still, March and April produced a combined $1.26 billion in wagers. That’s below the $1.31 billion generated from the exact same two months in 2024, that includes just three weeks of betting in March.

Year-to-date, online North Carolina sports betting has actually generated $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 given that January. The Tar Heel State has yet to present retail sports betting or pari-mutuel betting.

More in the coffers?

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

Lawmakers are looking for a method to utilize sports wagering to bring in much more money. The Senate passed a state budget plan last month that would increase the tax rate on the 8 online operators from the current 18% to a proposed 36%. The budget, which would go into impact on Oct.

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