Jesse M Cox
The latest news coming out of Wyoming is that legal sports betting operators could start offering their services to residents as soon as September.
If you’re a resident of the state, or someone who is curious about the latest United States gambling news, follow along below. We’ll outline how Wyoming got to this point, as well as what the law means for those looking to bet in the least populated state in the nation.
The truth is that Wyoming was very close to not allowing legal gambling in their state in the first place. In 2020 House Bill 225 came very close to becoming law when it passed through the house on a 32-27, but then failed to gain traction with the governor. Fast forward one year and House Bill 133 would fail in March 2021. It would be reconsidered though just a few days later and passed. On April 29th the Senate would pass the bill 24-5 and a week later one April 5th Governor Mark Gordon signed the legislation into law.
The Wyoming Gaming Commission finalized its rules this past Monday. They originally came up with a set of rules in June then held a 45 day public comment period. The rules largely remained the same from beginning to end, and the state is almost ready to start allowing operators to take bets. More than likely, legal operators will begin to take bets in September.
Some of the biggest supporters to getting this law passed were citizens and politicians who recognized the revenue the state will be able to generate from the legal sports betting industry.
Wyoming, much like Tennessee, will only permit sports betting to take place through online sportsbooks. The state will have no in person retail locations for a resident to place bets. As of now, no previously existing casinos will play host to sportsbook either. The law does not forbid sportsbooks, so it is possible to see in person sports betting in the future. For now, residents can only place their bets with mobile apps, or desktop websites.
In Wyoming’s new gambling rules there is no limit to the number of providers who can receive a license and serve the state. Knowing that it’s possible that any mobile gambling provider could gain a license and serve the state’s citizens. Remember though that Wyoming has the low population number of any state, (600,000 residents) and that this will likely limit the state’s appeal to a number of online sportsbooks.
Barstool Sportsbook, Draft Kings, FanDuel, Bet MGM, SuperBook USA, and Golden Entertainment have sent letters of intent to the Wyoming Gaming Commission and would like to enter the new market. When they are available to citizens is unknown, and it is possible that other providers could join the marketplace as well.
Any online sportsbook looking to operate in Wyoming will pay $ 100,000 for a five year permit, a 10% tax on any sports gambling revenue, and a $ 50,000 renewal fee after the initial five years.
If you’re a resident of Wyoming, or any state for that matter, and need to find what online sportsbook is best for you, look no further than our online bookmaker reviews.