{"id":19327,"date":"2025-05-13T17:05:17","date_gmt":"2025-05-13T14:05:17","guid":{"rendered":"http:\/\/staging.igamingamerika.com\/?p=19327"},"modified":"2025-05-13T17:05:17","modified_gmt":"2025-05-13T14:05:17","slug":"north-carolina-sports-betting-revenue-closes-april-with-gains-despite-year-over-year-drop","status":"publish","type":"post","link":"https:\/\/igamingamerika.com\/index.php\/2025\/05\/13\/north-carolina-sports-betting-revenue-closes-april-with-gains-despite-year-over-year-drop\/","title":{"rendered":"North Carolina Sports Betting Revenue Closes April with Gains Despite Year-Over-Year Drop"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">In North Carolina, sports betting revenue experienced a month-on-month increase in April, despite a decline in overall spending on sports wagers. While both the total handle and revenue showed a decrease when compared to the previous year, the state managed to report higher revenue figures compared to March.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">During April, consumers wagered a total of $576.2 million on sports betting activities. The gross wagering revenue for the month was $560.7 million, which included $15.5 million in promotional bets. However, this amount represents an 11.2% decrease from April 2024, marking the first full month since the legalization of sports wagering in North Carolina. Compared to March 2025, the handle was 15.8% lower, with the total bets amounting to $685 million, according to the <a href=\"https:\/\/ncgaming.gov\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">North Carolina State Lottery Commission<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read also: <a href=\"http:\/\/staging.igamingamerika.com\/mgm-resorts-names-ryan-abboushi-as-new-president-of-entertainment\/\" target=\"_blank\" rel=\"noreferrer noopener\">MGM Resorts Names Ryan Abboushi as New President of Entertainment<\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The commission also reported that $4.1 million worth of bets were canceled or voided during April. Additionally, players won a total of $525.3 million from their wagers. As a result, the gross wagering revenue for the month was just over $46.8 million, which is a significant 55.6% drop from the previous year. Despite this decline, the revenue was 22.8% higher than in March, indicating an improvement in the state&#8217;s sports betting performance despite reduced consumer spend. <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-white-color\">North Carolina Sports Betting Revenue<\/mark><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The data showed that North Carolina&#8217;s statewide hold\u2014a measure of revenue retained by sportsbooks\u2014stood at 8.12% in April. This was an increase from 5.78% in March, suggesting a more favorable revenue percentage for operators during the month.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Details about the performance of individual operators remain undisclosed. However, major brands such as FanDuel, DraftKings, BetMGM, and Fanatics are active within the state\u2019s sports betting market. <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-white-color\">North Carolina Sports Betting Revenue<\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In North Carolina, sports betting revenue experienced a month-on-month increase in April, despite a decline in overall spending on sports wagers. While both the total handle and revenue showed a decrease when compared to the previous year, the state managed to report higher revenue figures compared to March. During April, consumers wagered a total of &hellip;<\/p>\n","protected":false},"author":1,"featured_media":19328,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,157],"tags":[312,5],"class_list":["post-19327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sports-betting-america-news","category-united-states-of-america-gambling-news","tag-north-carolina-gaming","tag-sports-betting"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>North Carolina Sports Betting Revenue Closes April with Gains Despite Year-Over-Year Drop<\/title>\n<meta name=\"description\" content=\"In North Carolina, sports betting revenue experienced a month-on-month increase in April, despite a decline in overall spending\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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