North Carolina Sets New Monthly Sports Betting Record
Gaming operators in North Carolina handled $811.4 million in wagers in October, setting a new monthly sports betting record for the Tar Heel State. The figure comfortably surpassed the previous high of $685 million recorded this March, marking an 18.5% increase.
$811.4 million in wagers in October
new monthly sports betting record
$685 million recorded this March
18.5% increase
North Carolina’s Sports Betting Sector Sees Significant Growth
According to data from the North Carolina State Lottery Commission, players placed $784.3 million in paid wagers during October, while operators added another $27.1 million in promotional bets. A total of $4.3 million in wagers were cancelled or voided, and players received $729 million in payouts, leaving $78.1 million in gross wagering revenue for the month.
North Carolina State Lottery Commission
$784.3 million in paid wagers
$27.1 million in promotional bets
$4.3 million in wagers were cancelled or voided
$729 million in payouts
$78.1 million in gross wagering revenue
This revenue figure was 60.4% higher than the same month last year and 16.9% above September’s total, though it fell 25.8% short of the record $105.3 million set in April 2024. Overall, the hold rate for October was 11.4%, and the commission reported $14.1 million in tax revenue generated from sports betting.
60.4% higher than the same month last year
16.9% above September’s total
fell 25.8%
$105.3 million set in April 2024
11.4%
$14.1 million
Profits Increase from the Huge Spending on Betting
With the increase in spending on sports betting, both operators and the state have also seen a significant increase in revenue. North Carolina’s eight online sportsbooks reported $78.1 million in gross revenue for October, marking a 60.7% year-over-year increase. This represents the second-highest monthly total in the state’s history, trailing only April 2024’s $105 million record. It also marked the fifth month in which North Carolina operators have collectively earned at least $70 million, with October’s total up 17% from September.
Strong wagering and revenue figures translated into a robust month for state tax collections, with $14.1 million generated. At the state’s 18% tax rate on operator revenue, North Carolina has now collected over $100 million in taxes in 2025 and more than $200 million since sports betting launched in March 2024.
The increased spending on wagering in October follows a trend of rising spending on the state throughout the year as a whole. From July through October, total sports betting activity in North Carolina reached $2.35 billion, including $2.26 billion in paid wagers and $82.8 million in promotional bets. Cancelled and voided bets totaled $15.5 million, while players won over $2.11 billion, leaving $221.7 million in revenue for state operators and a hold rate of 9.45%.
During this period, North Carolina collected $39.9 million in taxes from sports betting. All of this data points to the betting sector in the state being in a very healthy condition in 2025.
