The North Carolina State Lottery Commission has reported the Tar Heel State’s sports betting activity during February 2026, as operators managed to produce close to $58.1m of revenue for an increase of 4.3%.
The regulator also reported a total sports betting handle of nearly $596.1m for the monthly period, representing an increase of 9.7% year-over-year. Operators currently conducting business in North Carolina submitted $10.5m in tax proceeds for February 2026.
In December 2025, Underdog Fantasy chose to discontinue sports wagering operations in North Carolina, but continued to offer fantasy games to residents of the Tar Heel State.
As part of a Regulated Gaming Committee meeting on December 10, the North Carolina State Lottery Commission confirmed Underdog reached out "before Thanksgiving" to claim it was making a "business decision" by ceasing sports wagering operations.
In an email addressed to North Carolina customers, Underdog stated "we're grateful to have you as part of the Underdog community and can't wait to keep delivering great experiences your way."
Following Underdog's exit, North Carolina now hosts seven licensed operators, including FanDuel, DraftKings, Fanatics, Caesars Sportsbook, BetMGM, bet365 and theScore Bet.
The decision now means Underdog will no longer operate a sportsbook in the US, having also pulled out of Missouri prior to the state's newly regulated online sports betting market going live on December 1.
Underdog stated it will instead focus expansion to where prediction markets have not yet been regulated in the US after forming a partnership with Crypto.com in September.
Beter secured regulatory approval to add its Setka Cup table tennis tournaments to North Carolina’s sports wagering catalog on January 13, marking the supplier’s sixth regulated US state launch
