Since the legalization of online sports betting in North Carolina on March 11, 2024, the state has witnessed a significant transformation in its gambling landscape.
This guide provides an in-depth look at the current state of sports betting in North Carolina, including available platforms, legal frameworks, and key statistics.
Legalization Timeline
- March 11, 2024: Online sports betting officially launches in North Carolina, coinciding with the NCAA March Madness tournament.
- June 2023: Governor Roy Cooper signs House Bill 347 into law, legalizing online sports betting.
Licensed Sportsbooks in North Carolina
As of February 2025, eight licensed online sportsbooks in North Carolina:
- FanDuel: Partnered with the Carolina Panthers and PGA Tour.
- DraftKings: Partnered with NASCAR.
- BetMGM: Partnered with Charlotte Motor Speedway.
- Caesars Sportsbook: Partnered with the Eastern Band of Cherokee Indians.
- ESPN BET: Partnered with Quail Hollow Club.
- bet365: Partnered with the Charlotte Hornets.
- Fanatics: Partnered with the Carolina Hurricanes.
- Underdog Sports: Partnered with Sedgefield Country Club.
Sports Betting Statistics
Since the launch of online sports betting, North Carolina has seen substantial activity:
- Total Wagers in 2024: Over $5 billion.
- January 2025 Handle: $646.9 million, a 3.6% increase from December 2024.
- January 2025 Gross Revenue: $74.5 million, a 108.7% increase from December 2024.
- State Tax Revenue (January 2025): $13.4 million.
Taxation & Revenue Allocation
North Carolina imposes an 18% tax on gross wagering revenue from sports betting operators. The generated tax revenue is allocated as follows:
- Responsible Gaming Programs: $2 million annually to the North Carolina Department of Health and Human Services for gambling addiction education and treatment.
- Youth Sports Initiatives: $1 million annually to North Carolina Amateur Sports to support youth sports programs.
- College Athletic Departments: $300,000 annually to each of 13 state universities to bolster their athletic programs.
Popular Sports and Teams for Betting
North Carolina boasts a vibrant sports culture, with bettors showing strong interest in local teams:
- Carolina Panthers (NFL): Based in Charlotte, attracting significant betting activity during the NFL season.
- Charlotte Hornets (NBA): The state’s NBA team, with games drawing considerable wagers.
- Carolina Hurricanes (NHL): The NHL team based in Raleigh, popular among hockey bettors.
- College Sports: Universities like Duke, UNC, and NC State have passionate followings, especially during basketball season.
Responsible Gambling Measures
The North Carolina State Lottery Commission oversees sports betting activities, ensuring operators adhere to responsible gambling practices. Resources are available for individuals seeking assistance with gambling-related issues.
North Carolina Sports Betting FAQs
For more detailed information and monthly reports on sports betting activity, visit the North Carolina State Lottery Commission’s official website.