{"id":68179,"date":"2026-03-12T09:13:54","date_gmt":"2026-03-12T09:13:54","guid":{"rendered":"https:\/\/gaming-awards.com\/NEWS\/?p=68179"},"modified":"2026-03-12T09:13:54","modified_gmt":"2026-03-12T09:13:54","slug":"north-carolina-sports-betting-hits-13-billion-in-two-years","status":"publish","type":"post","link":"https:\/\/gaming-awards.com\/NEWS\/north-carolina-sports-betting-hits-13-billion-in-two-years\/","title":{"rendered":"North Carolina Sports Betting Hits $13 Billion in Two Years"},"content":{"rendered":"<div id=\"attachment_49548\" style=\"width: 310px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-49548\" class=\"size-medium wp-image-49548\" src=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2022\/05\/North-Carolina-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2022\/05\/North-Carolina-300x200.jpg 300w, https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2022\/05\/North-Carolina-768x512.jpg 768w, https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2022\/05\/North-Carolina-220x146.jpg 220w, https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2022\/05\/North-Carolina.jpg 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><p id=\"caption-attachment-49548\" class=\"wp-caption-text\">North Carolina<\/p><\/div>\n<p style=\"text-align: left;\">North Carolina sports betting has reached a milestone, with bettors wagering more than $13 billion since the market launched two years ago. The state has collected more than $262 million in tax revenue from operators during the 24-month span. February 2026 marked the 24th month of north carolina sports betting online, with the first two years producing just under $14 billion in mobile wagering. Bettors in the state wagered more than $581 million in February alone, representing a 10% increase from the previous year.<\/p>\n<h4 style=\"text-align: left;\">North Carolina Sports Betting Online Surpasses $13 Billion Wagered<\/h4>\n<p style=\"text-align: left;\">Bettors placed their first legal wager on March 11, 2024, launching an online market that has since generated just under $11.12 billion in mobile wagering.\u00a0Eight legal operators serve the state, which adopted a mobile-first framework while retail sportsbooks remain limited to three tribal casino locations.<\/p>\n<p style=\"text-align: left;\">The operators have made nearly $1.19 billion in gross wagering revenue during the two-year period.\u00a0In similar fashion, they have paid $9.85 billion in winnings off nearly $11.12 billion in paid wagers and free promotional bets.\u00a0North Carolina operators won back $1.17 billion in gross revenue since the market went live[7].<\/p>\n<p style=\"text-align: left;\">The North Carolina State Lottery Commission regulates the market and oversees the licensed operators offering statewide online wagering.\u00a0Operators face an 18% tax on gross gaming revenue, with proceeds allocated to the state&#8217;s General Fund, youth sports programs, and gambling addiction education and treatment initiatives.<\/p>\n<p style=\"text-align: left;\">The state closed its first full year among top U.S. markets.\u00a0North Carolina posted 34.3% growth in its second full year of operations, benefiting from its large population base and strong sports culture.<\/p>\n<h4 style=\"text-align: left;\">Tax Revenue Reaches $262 Million for North Carolina<\/h4>\n<p style=\"text-align: left;\">The state has collected more than $208.07 million in taxes from operators during the 24-month period, far exceeding legislative expectations.\u00a0Operators paid approximately $8.34 million in taxes during February 2026 alone. The calculation is based on the 18% rate applied to gross wagering revenue, which represents betting revenue minus paid winnings.<\/p>\n<p style=\"text-align: left;\">First-year collections surpassed initial projections significantly.\u00a0The state expected to collect $104.27 million in taxes from north carolina sports betting operations through March 10, 2025.\u00a0Legislative researchers had projected tax revenues could reach $79.42 million annually within five years when the bill worked through the General Assembly in 2023.\u00a0January 2026 delivered $11.48 million in tax revenue under the state&#8217;s fixed rate.<\/p>\n<p style=\"text-align: left;\">North Carolina distributes the tax revenue across multiple programs and entities:<\/p>\n<ul class=\"list-disc pl-4 mb-2 [&amp;&gt;li]:mt-2\" style=\"text-align: left;\">\n<li>Department of Health and Human Services receives $1.59 million annually for gambling addiction treatment<\/li>\n<li>Two statewide youth sports organizations split $1.59 million annually for grants<\/li>\n<li>Athletic departments at 13 UNC System schools each receive $238,248.03 annually<\/li>\n<\/ul>\n<p style=\"text-align: left;\">The remaining tax dollars are divided among the state&#8217;s general fund (50%), the major events fund to attract sporting events (30%), and the same 13 UNC System athletic departments (20%).<\/p>\n<h4 style=\"text-align: left;\">February 2026 Shows Strong Year-Over-Year Growth<\/h4>\n<p style=\"text-align: left;\">Wagering jumped 13.3% year-over-year in February, with north carolina sports betting online operators generating $473.40 million in bets.\u00a0The North Carolina State Lottery Commission reported the eight online sportsbooks increased activity from $417.65 million in February 2025.\u00a0Still, the month ended a five-month handle streak as operators just missed reaching another $476.50 million threshold.<\/p>\n<p style=\"text-align: left;\">The Winter Olympics helped boost betting activity during the month.\u00a0Operators claimed $46.14 million in gross revenue, representing a 4.5% increase compared to the previous February.\u00a0In reality, the hold fell from 10.2% in February 2025 to 9.7% in the latest reported month, contributing to slower revenue growth despite higher handle.<\/p>\n<p style=\"text-align: left;\">Promotional spending reached $11.44 million during the Super Bowl month, down $2.38 million from the previous year.\u00a0Bettors won back $425.03 million of the total amount wagered.\u00a0Subsequently, operators reported over $2.22 million in voided and canceled bets.<\/p>\n<p style=\"text-align: left;\">Tax collections totaled $8.26 million for February.\u00a0The first two months of 2026 generated nearly $19.85 million in tax revenue for the state.\u00a0For the fiscal year running from July 2025 to February 2026, wagering revenue reached $4.05 billion with gross wagering revenue of $424.48 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>North Carolina sports betting has reached a milestone, with bettors wagering more than $13 billion since the market launched two years ago. The state has collected more than $262 million in tax revenue from operators during the 24-month span. February 2026 marked the 24th month of north carolina sports betting online, with the first two [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":36481,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,3,8,18,132],"tags":[],"class_list":["post-68179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headlines","category-igaming","category-latest","category-n-america","category-sportsbetting"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>North Carolina Sports Betting Hits $13 Billion in Two Years - iGaming Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gaming-awards.com\/NEWS\/north-carolina-sports-betting-hits-13-billion-in-two-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"North Carolina Sports Betting Hits $13 Billion in Two Years - iGaming Post\" \/>\n<meta property=\"og:description\" content=\"North Carolina sports betting has reached a milestone, with bettors wagering more than $13 billion since the market launched two years ago. The state has collected more than $262 million in tax revenue from operators during the 24-month span. 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