North Carolina sports wagering revenue increases by 108.7% during January 2025
The state’s sports betting handle reached $623.3m during January 2025, the second-highest monthly total of the previous seven months.
Key Points
- The significant increase in gross wagering revenue is primarily attributed to player wins decreasing by over $20m compared to December 2024
- Including January 2025, North Carolina has generated over $383m in gross sports wagering revenue throughout the past seven months
The North Carolina State Lottery Commission has reported a sports betting handle of $623.3m for January 2025 as well as a gross wagering revenue of $74.5m, which represents an increase of 108.7% from the revenue generated during December 2024.
The $623.3m figure represents the second-highest sports betting handle reported by North Carolina throughout the past seven months. Only November 2024 was able to surpass the mark, having generated nearly $638.7m during the period. The $623.3m handle reported for January 2025 also equates to an increase of 1.7% when compared to December 2024.
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Sports wagering was legalized for eligible North Carolina residents during early 2024, having officially launched on March 11.
The significant increase in gross sports wagering revenue is primarily attributed to a decrease in player win amount, which fell by over $20m month-over-month. Throughout January 2025, North Carolina bettors managed to take home nearly $568.5m in winnings during the period.
Good to know: The North Carolina Court of Appeals ruled against a challenge from a video sweepstakes operator on January 2
In the past seven months, including January 2025, North Carolina has generated almost $3.69bn of handle and over $383m of gross sports wagering revenue. Through tax proceeds, sports betting has contributed over $68.9m since July 2024, including $13.4m having been contributed during January 2025.
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The $74.5m in gross wagering revenue is also the second-highest mark of the previous seven months for North Carolina, once again being eclipsed by November 2024 which saw nearly $78.1m of revenue throughout the period.
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