North Carolina recorded a strong performance in its sports betting sector during August 2025, with gross wagering revenue reaching $54.1 million, according to data released by the North Carolina State Lottery Commission. This figure represents a 60.1% increase compared to August 2024 and a sharp 138.3% improvement from July’s record-low revenue levels.
The state’s betting handle also saw a significant rise, totaling $478.7 million for the month, which included $14.8 million in promotional wagers. This was 29.2% higher than both the previous year and the prior month. Bettors placed substantial wagers, with $420.6 million returned in winnings, while cancelled or voided bets amounted to $4 million.
A standout feature of the August results was the statewide hold rate, which stood at 12.86%. This was considerably higher than August 2024’s 9.1% and July 2025’s 6.13%, suggesting improved operator margins. The strong hold contributed to the state’s collection of $9.7 million in tax revenue from betting activities.
Individual operator data was not disclosed, but major industry leaders such as DraftKings, FanDuel, Bet365, BetMGM, ESPN Bet, and Fanatics are all active in North Carolina’s online sports betting market. The state legalized and launched its online sports betting platform in March 2024, and it has quickly established itself as one of the more competitive new U.S. markets.
August’s recovery illustrates both the volatility and resilience of sports betting in North Carolina, highlighting its growth potential despite fluctuations. With top-tier operators engaged and player activity rising, the state appears positioned for sustained growth in the months ahead.
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