Gross sports betting revenue in North Carolina fell to its lowest-ever monthly total in July, while handle also declined to a 12-month low.
Total gross revenue from sports betting during July came to $22.7 million, the North Carolina State Lottery Commission reported. This was below the previous record low of $33.8 million in August last year.
July’s revenue total was also down 46.2% from the corresponding month in 2024, as well as 60.9% less than June this year.
Total wagering handle for the month of July amounted to $370.4 million, the second lowest on record. Only July 2024 came in lower at $340.4 million, with this representing a year-on-year increase of 8.8%.
The regulator reported $361.5 million in paid wagers and $8.8 million in promotional bets. In addition, $3.1 million in wagers were either voided or cancelled in North Carolina during the month.
In terms of hold, this stood at 6.13% based on gross revenue and total wagering handle. Tax-wise, the state collected $4.1 million from sports betting. Individual operator data is not publicly available in North Carolina.
Why the decline in July?
July is traditionally a quieter month in the US sports betting calendar. The only leading US competition in mid-summer action is Major League Baseball, and North Carolina does not have a team in the league.
Only a handful of other major sporting events took place during the month. These included Wimbledon, golf tournaments and the early stages of the FIFA Club World Cup, which took place in the US, with some games at Charlotte’s Bank of America Stadium.
Next year could see an increase in betting activity, with the US hosting most games in the 2026 FIFA World Cup. While the Bank of America Stadium will not host matches, US interest will likely be high with its national team also competing in the tournament.
Gross sports betting revenue in North Carolina amounted to $22.7 million last month.