Wyoming is among the states that have legalized sports betting and has managed to attract top sportsbooks. Taking after Tennessee’s model, all sports betting in Wyoming must be done online.
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While some states have seen a significant increase in revenue from sports betting, Wyoming has not experienced the same level of success. This state may never become one of the biggest markets for sports betting in the country.
With over 30 states now offering legal sports betting, the industry has seen rapid growth in recent years. Despite being an early adopter of sports betting, Wyoming hasn’t played a major role in the industry and has had a total handle of over $250 billion since 2018.
Looking ahead, there is definitely potential for further development and expansion in the state’s sports betting industry.
A Brief History of Sports Betting in Wyoming
Unlike many states with a long history of gambling, Wyoming has limited gaming options available at Native American tribal casinos. It was surprising to see the state legislature seriously consider legalizing sports betting, but the potential for increased revenue was too significant to ignore.
In 2020, lawmakers introduced bills to legalize sports betting, but it narrowly failed. Realizing the potential benefits, they opted to try again the following year.
Due to the lack of commercial casinos in Wyoming, there was little discussion about retail sports betting. The focus was primarily on establishing an online-only market to launch and regulate the industry.
Details of Sports Betting Legalization in Wyoming
In 2020, two bills were introduced in the House to legalize sports betting, HB 225 and HB 334. These bills came close to passing, falling just five votes shy of reaching the governor’s desk.
Building on this momentum, another bill was introduced and seriously considered by both chambers in 2021. Despite initially being voted down, House Bill 133 was ultimately passed after being reconsidered.
Governor Mark Gordon signed the bill into law in April 2021 and tasked the Wyoming Gaming Commission (WGC) with regulating the sports betting industry. The WGC quickly established rules and regulations and began granting licenses, leading to a rapid launch of legal sports betting in September of that year .
Betting Options in Wyoming
While the state of Wyoming offers limited sports betting options, bettors can place wagers from anywhere within the state. As one of only two online-only markets in the United States (along with Tennessee), this convenience has been a significant factor in its success.
Although there are no retail sports betting locations in Wyoming, this may not be a major issue as most people prefer the convenience of online betting. Wyoming has attracted some of the top online sportsbooks in the industry, making it a promising market for bettors.
Currently, the following online sportsbooks are available for wagering in Wyoming:
- BetMGM Sportsbook
- Caesars Sportsbook
- DraftKings Sportsbook
- FanDuel Sportsbook
In the future, it is possible that more online sportsbooks may be added to this list as the Wyoming Gaming Commission continues to carefully regulate and approve licenses for top operators in the industry.
Regulations and Rules for Sports Betting in Wyoming
Wyoming has some unique regulations and rules in place for sports betting. As an online-only market, anyone within state lines can legally place a bet on a sporting event, regardless of residency or age (as long as they are at least 18 years old). This is made possible through the use of geolocation services by the online sportsbooks.
The state of Wyoming has set a low tax rate of 10% on all sports betting revenue, making it an attractive market for operators. As a result, some of the biggest names in the industry have applied for licenses to operate in the state.
Unlike many other states, there are no restrictions on college sporting events in Wyoming. This sets it apart from other markets and provides more opportunities for bettors. Additionally, the Wyoming Gaming Commission has been known to allow betting on unique events, such as miniature golf tournaments, providing even more options for bettors in this state.
Top Sports and Events for Betting in Wyoming
While most states with legalized sports betting have at least one major professional sports team, Wyoming stands out as a state without any. Similarly, there are not many college teams within the state either. However, this does not limit the popularity of certain teams among fans in Wyoming.
Due to its proximity to Colorado, many sports fans in Wyoming support the teams from Denver, such as the Broncos in the NFL and the Nuggets in the NBA. Additionally, Colorado is home to other professional teams like the Rockies in MLB and Avalanche in NHL.
The lack of restrictions on betting for college sports within Wyoming also offers more opportunities for bettors. Even if there are not many local colleges, sportsbooks can still offer betting options for any college games played in the state.
For those who are not interested in supporting Colorado teams, nearby states also offer popular teams to bet on. This adds more variety and options for sports fans in Wyoming.
Tips for First-time Bettors in Wyoming
As all sports betting in Wyoming is conducted online, the following tips are specifically tailored to this form of betting. The first step is to download various available online sports betting apps, and it’s advisable to download as many options as possible.
Once you have downloaded the mobile betting apps in Wyoming, the next step is to compare and choose the best bonuses and promotions available. A generous bonus when making your first deposit can give you a head start in winning some money.
In addition to studying and researching each game on your own, it may also be beneficial to seek out betting picks and predictions from experts. This can provide valuable insight and increase your chances of placing successful wagers.
Moreover, it is important to be responsible and take breaks when needed. Not every day will offer good betting opportunities, and it is crucial to know when to step back and wait for better options. Responsible gambling should always be a priority.
The Future of Sports Betting in Wyoming
While there is potential for a few new operators to enter the market, that is likely the only growth that will occur in Wyoming. The state has already attracted many well-known sports betting companies, and more may follow suit.
Due to the lack of interest from Native American tribes and limited retail locations, online sports betting remains the primary option in Wyoming. Despite its small population, the state has seen positive results from legalizing sports betting.
For those looking to place bets in Wyoming, it is important to remember that all betting must be done through mobile devices as there are no retail locations available now or in the future. Fortunately, the presence of multiple online operators creates healthy competition and allows bettors to shop for the best odds.
