NC elections show growing reach, risks of prediction markets
More than $1.6 million has traded on NC’s U.S. Senate race as the state adopts a new tax framework for prediction markets.
NC sports betting brought in just over $4M in taxes in July 2025, the lowest monthly revenue since betting began in March 2024.
Sports betting has had a tremendous impact in more ways than one in its first year in NC, as the one-year anniversary was marked on Tuesday.
May was another busy month for sports betting as North Carolinians wagered over $525.5 million, according to a report released by the North Carolina State Lottery Commission.
North Carolinians wagered nearly $649 million on sports events, including paid wagering revenue and promotional wagering revenue in April. That’s down a little over $11 million from March.
North Carolinians wagered over $659 million in the first three weeks that sports betting became legal in the state. That’s according to a report released Tuesday by the North Carolina State Lottery Commission.
Online sports betting proved to be big business the first week it became legal in North Carolina. According to a Sports Betting Report released Wednesday by the North Carolina State Lottery Commission, over $198 million was wagered by North Carolinians, while payouts amounted to $141.5 million.
Sports betting is off to a strong and smooth start in North Carolina. During a meeting Wednesday of the Sports Betting Committee of the North Carolina State Lottery Commission, Sterl Carpenter, deputy executive director of gaming compliance and sports betting, told the committee that all reports from the eight operators that went live on March 11 have been positive.
It is official. Sports betting is now legal in North Carolina. Anyone 21 or older holding an account with a licensed operator can use their phone or electronic device to place sports wagers starting at noon. The first wagers will be made on mobile devices, as no operator has been approved for in-person wagering at this time.
Just in time for March Madness, the North Carolina State Lottery Commission (NCSLC) announced Thursday that seven companies will receive the first sports betting licenses in the state.