Total spend surpassed the prior record of $659.3 million, set in March last year, by 3.9%. Incidentally, March 2024 was the first month of legal online sports betting in North Carolina.
The sportsbooks’ handle also beat the $526 million bet in February this year by 30.2%, the North Carolina State Lottery Commission reports.
In total, $667.1 million of the amount bet in March was listed as “paid wagering revenue”. The other $17.9 million was reported as “promotional” revenue.
Betting revenue falls again in March
The commission noted $3.2 million in voided and cancelled bets, while players won $643.7 million back from betting.
As such, this left $38.1 million in gross wagering revenue. Not only is this 42.7% less than March 2024 but also 31.6% behind February, making it North Carolina’s third-lowest monthly amount on record.
This resulted in a monthly hold of 5.78%, while the state collected an estimated $6.9 million in sports betting tax.
The commission does not publish a full breakdown of monthly operator performance. Eight online operators are currently active in North Carolina, with FanDuel, DraftKings, BetMGM and Fanatics among them.
Monthly sports betting handle in North Carolina reached a record $685 million (£536.2 million/€624.6 million) in March, although revenue fell for the second consecutive month.