North Carolina Has Most Profitable Month of Sports Betting Since Launch

• North Carolina took in more than $14 million in sports betting tax revenue in November
• It was the highest monthly sports betting tax revenue total in the state’s history
• Sports betting users wagered more of their own money in November than any other month

North Carolina sports betting is reaping the rewards of a fruitful football season.

The North Carolina State Lottery Commission reported $657.6 million in online sports betting handle and $78.09 million in gross wagering revenue for the month of November, which led to more than $14 million in sports betting tax revenue.

The monthly sports betting tax revenue is the highest total the state has ever recorded since launching in March 2024.

North Carolina Patrons Use Less Promos

The North Carolina State Lottery Commission reported $657,688,077 million in total sports betting handle, which lagged behind the record monthly handle total of $659,308,541 set in March 2024 during the state’s launch.

However, North Carolina patrons wagered more of their own money in November than any other month, as they only used slightly more than $19 million in promos. The patrons bet $638.65 million of their own funds during the month, the most ever bet by state residents.

During the initial launch month of March 2024, state customers took advantage of more than $202.6 million in promos and only bet $456.7 million of their own funds.

Since its sports betting launch, North Carolina customers have bet $4.35 billion in total handle. Of that total handle, $434.2 million have been promotional bets.

Most Profitable Month of Sports Betting

In addition to the mountain of handle bet during November, the state reported its most profitable month of sports betting. The North Carolina State Lottery Commission reported $78.09 million in gross sports betting revenue, which led to more than $14.057 million in sports betting tax revenue.

It was the highest sports betting tax revenue total for any month of North Carolina sports betting, topping the previous monthly record of $12.61 million set in September 2024.

Since launch, the state has reported $545,594,932 in gross gaming revenue, which led to $98,627,033 in sports betting tax revenue.