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North Carolina’s sportsbooks ended their fiscal year on a high note, pulling in more than $50 million in profits for the second straight month. It is the third time since mobile betting launched in March 2024 that the state’s operators crossed that mark in back-to-back months.
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Eight mobile sportsbooks generated $58.1 million in May and followed that with $65.2 million in June. Together, those two months marked another strong stretch for the Tar Heel State’s online betting market, thanks in part to NBA and NHL finals action and a full MLB calendar.
Even though the June handle dropped to $433.2 million—a 23% slide from May—it still represented an 8.8% increase year-over-year. It was also the first time since August 2024 that the total wagered dipped below the $500 million mark.
What made June stand out was the hold rate. Operators kept 13.4% of all bets, the highest margin of 2025 so far and second only to the 16.2% win rate recorded in April 2024. That means bettors won back $372.2 million, the lowest payout since August of last year.
June also marked the 11th time in 16 months of legalized online wagering that sportsbooks in North Carolina posted a double-digit hold. It was the fifth month with a hold rate of 12% or more.
Promotional spending continued to decline. Sportsbooks handed out $12.2 million in promos during June, down $2 million from May and more than $4 million below June 2024 levels. Canceled and voided bets also dropped by over $1 million.
The state collected around $10.4 million in taxes from June alone, based on its 18% tax rate. That pushed fiscal year totals to an estimated $116.6 million in tax revenue. Over the full FY 2025 cycle, bettors wagered $6.4 billion and sportsbooks brought in more than $647 million in revenue. Bettors walked away with over $5.9 billion in winnings.