Tag: North Carolina State Lottery Commission

Monthly sports betting handle in North Carolina reached a record $685 million (£536.2 million/€624.6 million) in March, although revenue fell for the second consecutive month.

Total spend surpassed the prior record of $659.3 million, set in March last year, by 3.9%. Incidentally, March 2024 was the first month of legal online sports betting in North Carolina.

The sportsbooks’ handle also beat the $526 million bet in February this year by 30.2%, the North Carolina State Lottery Commission reports.

In total, $667.1 million of the amount bet in March was listed as “paid wagering revenue”. The other $17.9 million was reported as “promotional” revenue.

Betting revenue falls again in March

The commission noted $3.2 million in voided and cancelled bets, while players won $643.7 million back from betting.

As such, this left $38.1 million in gross wagering revenue. Not only is this 42.7% less than March 2024 but also 31.6% behind February, making it North Carolina’s third-lowest monthly a..

Player spending on sports betting in North Carolina hit $526 million (£407.3 million/€482.7 million) in February, the lowest monthly total since last August.

The February handle was 16% behind the $646.9 million wagered in North Carolina during January. It was also the fifth-lowest amount since the state launched its legal sports betting market in March 2024.

Figures posted yesterday (10 March) by the North Carolina State Lottery Commission show some $17.4 million of the handle total came from promotional wagers.

In addition, $2.6 million in bets were voided, while players won a total of $485.2 million from betting in February.

Monthly betting revenue tops $55.7 million

Gross wagering revenue reached $55.7 million, down 25.2% from January. The state’s record haul came in November, when $78.1 million was reported.

As such, monthly hold in the state was 10.59%, behind the 11.05% reported in January.

In terms of tax, North Carolina was able to draw just over $10 million from sports..

North Carolina recovered from a record-low month in December to post an improved sports betting hold of 11.05% during January.

Consumers in North Carolina bet a total of $646.9 million (£523.1 million/€626.7 million) on sports in January. This is 2.8% above December and the fourth highest monthly total since the state opened its legal betting market in March 2024.

Some $623.3 million of this was paid wagers. The remaining $23.6 million was attributed to promotional bets, according to data from the North Carolina State Lottery Commission.

A total of $3.9 million was noted in cancelled and voided wagers, while players won $568.5 million from sports betting.

Monthly betting revenue second highest on record

As a result, gross wagering revenue for the month hit $74.5 million. This beats December by 108.7% and is the second highest monthly amount on record, behind $78.1 million posted in November.

This meant North Carolina operators were left with a monthly sports betting hold of 11.05..