North Carolina sports betting operators produced over $50 million in gross profit in back-to-back months, the third time since online wagering started in March 2024.
Key takeaways
- The Tar Heel State’s $433.2 million sports betting handle increased 8.8% compared to June 2024.
- Monthly hold reached at least 12% for the fifth time in 11 months.
- North Carolina filled its coffers with over $116 million in fiscal year 2025.
The North Carolina State Lottery Commission reported eight mobile sportsbooks hauled in $58.1 million in May, combining with June's $65.2 million to match the $50 million feat for the second time this year. Revenue generated during a month with the NBA and NHL Finals, as well as a heavy MLB slate, was up 44.2% from last June.
Tar Heel State bettors wagered $433.2 million in June, an 8.8% year-over-year increase. However, June’s handle decreased 23% month-over-month, and was the first under $500 million since August 2024.
| N.C. Sports Betting | Handle | Revenue | Tax (estimated) |
|---|---|---|---|
| June 2025 | $433,184,675 | $58,071,308 | $10,452,835 |
| June 2024 | $398,251,464 | $40,302,263 | $7,354,350 |
Hold up
Sportsbook-friendly NBA results that dominated May continued in June. Bettors won back $372.2 million, their lowest haul in 10 months.
June’s 13.4% hold was the highest North Carolina sports betting operators produced year-to-date and the second-best ever behind April 2024’s record 16.2% win rate. Tar Heel State sportsbooks enjoyed a double-digit hold for the 11th time in 16 months of online wagering and generated a 12% or higher win rate for the fifth time.
Operators spent $12.2 million in promotional bets, down $2 million from May and more than $4 million less than June 2024. Canceled and voided wagers were also down over $1 million in June.
Fiscal year in the books
North Carolina filled its coffers with an estimated $10.4 million from an 18% tax rate. With fiscal year 2025 ending, the Tar Heel state collected a projected $116.6 million in proceeds.
The Lottery Commission reported bettors wagered $6.4 billion during FY 2025, with operators generating more than $647 million. North Carolina bettors won over $5.9 million in the first full 12-month fiscal-year cycle.
