North Carolina Sports Betting Hits Record December Revenue

Jonathan Rodriguez

Written by: Jonathan Rodriguez

Published: Fri Jan 16, 2026, 7:00 am ET

Read Time: 2 minutes

North Carolina Sports Betting Hits Record December Revenue

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North Carolina's sports betting market closed December 2025 with record revenue, highlighting rapid industry growth. The Tar Heel State's performance shows how US online sportsbooks and North Carolina gambling demand continues to surge. Meanwhile analysts project further expansion in 2026.

Operators and regulators celebrated strong year-end results. December produced exceptional revenue despite a modest rise in wagering handle and shifting industry dynamics.

North Carolina's Gross Revenue Surpasses $80 Million for Third Consecutive Month

North Carolina's sports betting operators reported $81.5 million in gross revenue for December 2025. This marks the third straight month above the $80 million threshold, a first in the state's brief history.

According to the North Carolina State Lottery Commission, the figures from eight licensed online sportsbooks generated high revenue on a $665.9 million total handle. December's hold rate remained strong as operators achieved their fifth consecutive month with double-digit hold and the eighth of the last nine. 

These statistics underscore how US online sportsbooks continue to solidify North Carolina's position in the national landscape.

North Carolina Sports Betting Continues to Grow

Additionally, year-over-year comparisons painted a dramatic picture. Gross revenue more than doubled compared to December 2024. Meanwhile, handle grew by a modest 5.8% over the same period. Despite that, revenue remained exceptionally high as operators managed risk and payouts effectively.

Regulators also noted a slight drop in overall wagers when compared to November's record handle near $814 million. Still, sustained gains across multiple months speak to broader demand for North Carolina gambling services.

Industry observers pointed to consistent engagement from bettors throughout the NFL season and holiday sports calendar. These trends helped secure December's revenue as part of one of North Carolina's most profitable quarters yet.

Projections for the North Carolina Sports Betting Industry in 2026

Looking ahead, analysts expect US online sportsbooks in North Carolina to maintain momentum in early 2026. Continued interest in professional football, basketball, and major sporting events should boost handles. Moreover, promotional innovation could keep bettors engaged while expanding market share.

Operators will also adapt after the exit of Underdog's sportsbook in mid-December 2025. That departure may open market share for remaining operators while reducing competitive churn.

Finally, projected monthly revenue and tax contributions remain positive for state coffers. As North Carolina expands regulatory oversight and supports responsible gambling programs, the sports betting sector may become an even larger contributor to the state's economy.

Jonathan Rodriguez
Jonathan Rodriguez

Jonathan is an avid basketball fan, and is often looking forward to the next upcoming NBA season when not checking players' stats during games. He also likes to keep his ears on the ground for the latest rumblings in the online casino industry.

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