North Carolina releases February 2025 sports wagering revenue report

(PRESS RELEASE) -- The North Carolina State Lottery Commission is releasing its sports wagering revenue report for February 2025. It compiles the revenue in the month as submitted by the eight licensed interactive sports betting operators.

Between 1-28 February, account holders in North Carolina wagered $543,402,737 on sports events, including paid and promotional wagers. From those wagers, account holders won $485,193,649.

State law levies an 18 percent tax on the gross wagering revenue generated by sports wagering activity. Gross wagering revenue is a total of amounts received from sports wagers less the amounts paid as winnings before any deductions for expenses, fees, or taxes.

In February, the gross wagering revenue for the state's eight licensed interactive sports wagering operators totaled $55,658,912. After the 18 percent tax rate is applied, the estimated tax proceeds for the month would be $10,018,604. This is the projected amount that the N.C. Department of Revenue will collect from sports wagering operators.