Online sports betting took off in the Tar Heel State in 2024.
Eight online sportsbooks went operational in time for March Madness in the basketball-centric state and profits immediately began rolling in for operators and North Carolina's government.
Through November, Tar Heel State sports betting generated $548 million in revenue from more than $4.8 billion wagered, filling North Carolina coffers with nearly $100 million in tax revenue. FanDuel, DraftKings, Caesars, BetMGM, Fanatics Sportsbook, ESPN BET, and bet365 quickly partnered with North Carolina sports teams and venues before going live on March 11. Underdog Sports also launched its first traditional sportsbook in any U.S. market.
Books offer a full catalog of sports, including college player props. State legislators turned down an opportunity to follow the NCAA’s request to ban individual stat wagers on college players during the summer. The Tar Heel State currently only offers retail sports betting at three tribal casinos. North Carolina has several gaming items lined up for 2025. The North Carolina State Lottery Commission is in the process of approving rules for pari-mutuel wagering.
North Carolina legislators could also gauge interest in bringing online casinos to residents. Allowing commercial casinos in the state, however, doesn’t appear to be on the front burner. Getting into the Tar Heel State in 2024 was huge for major sports betting operators, as it's the United States' ninth-most populous state.
“That made it a high priority for myself, the team, and obviously working with the state itself,” Elbaum said. “It’s unique here in the sense of how big it is and how well-rounded it is.” If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on this website, we strongly recommend that you carefully check your local laws before doing so.
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