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North Carolina Exceeds Sports Betting Expectations with $649 M in First-Month Bets

Monday 20 de May 2024 / 12:00

2 minutos de lectura

(United States).-North Carolina has surprised everyone with an impressive start to the sports betting market, recording a total of $649 million in bets during the first month of operation. This figure has far exceeded initial projections, establishing the state as a new major player in the betting industry.

North Carolina Exceeds Sports Betting Expectations with $649 M in First-Month Bets

The North Carolina Lottery Commission released its first full-month report on NC sports betting revenue  since mobile betting launched on March 11. The total handle, or amount bet, during April 2024 exceeded expectations at $648.9 million for the state’s eight licensed operators. Of that total, bettors were paid out $538.4 million.

Gross betting revenue totaled $105.3 million for the month. Combined with the 21 days with betting live in March, the state’s sportsbooks have brought in $171.7 million in revenue, with around $31 million in tax dollars going to the state.

Last month, Sterl Carpenter, the NCLC’s deputy director of sports betting, made a prediction on March’s total wagering revenue based on figures from the first week at sports betting. Using Massachusetts (first month handle of $548.2 million) for comparison, Carpenter said they were projecting $594.3 million in handle for North Carolina’s first month.

Robust betting activity helped NC exceed those figures for March and continue an upward trajectory into April. The lottery commission does not provide a breakdown of the handle for each sportsbook, so market share is not known.


State law mandates an 18% tax on each online operator’s gross wagering revenue. In April, the state collected $105,251,672 in gross wagering revenue, which yielded approximately $18.9 million in tax revenue.

March’s tax yield was approximately $12 million.


After subtracting promo bets, the total the books paid out in April was $569.3 million, up from $456.7 million in March. In addition, total promo wagering was significantly higher in March than in April.

Sportsbooks spent heavily to entice bettors in March with welcome offers. The amount of promotional funds used by players was $202.6 million in March compared to $79.7 million in April.


March and April were good months for sports fans in North Carolina as the state’s top men’s and women’s basketball teams competed in the NCAA tournament. In addition, bettors streamed into North Carolina from surrounding states where sports betting is still not legal or states where betting on in-state college teams is prohibited.

May should bring strong numbers as well with betting options aplenty.


Tags: Sin tags

País: United States

Región: North America



09 de April 2024

EGT & EGT Digital impressed at GAT Expo 2024 showcasing their innovative iGaming solutions

(Cartagena de Indias, SoloAzar Exclusive).- Ms. Silviya Marinova, Director of EGT Colombia, granted an interview to SoloAzar about the performance of the firm at the latest edition of GAT Expo Cartagena. She spoke about the highlights of the tradeshow, the latest innovations showcased including the Phoenix slot cabinet and the all-in-one betting platform X-Nave. She also remarked the importance of their presence in the iGaming Colombian market.

Wednesday 22 May 2024 / 12:00

Casino Garage: committed to sustainability

(Cartagena de Indias, Exclusive SoloAzar) - Meet Ester Tarres, the visionary behind Casino Garage, a world leader in refurbishing second-hand slot machines since its creation in 2006. With a team of professionals, Casino Garage has become synonymous with excellence. In this article, Ester tells us about her presence at the GAT Expo, held from 9 to 11 April.

Tuesday 07 May 2024 / 12:00

Responsible Gaming, Regulation and Certification in Latin America and the Caribbean

(Cartagena de Indias, Exclusive SoloAzar). - Karen Sierra-Hughes, Vice President for Latin America, the Caribbean and Spain at GLI (Gaming Laboratories International), led the GLI Corporate Conference: Technology and Sustainable Gaming. With her extensive experience as a gaming regulatory consultant in the region, Karen offered key perspectives on how technology can drive sustainability in the gaming industry.

Tuesday 07 May 2024 / 12:00


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