Revenue Insights
Sports Betting in Wyoming
Wyoming, known for its wide-open landscapes and small population, has taken a unique approach to sports betting with an online-only model. Lawmakers legalized online wagering in March 2021, and the market officially launched in September 2021, marking a key milestone in the state’s gaming history.
The Wyoming Gaming Commission regulates all legalized gambling in the state, including sports betting. Its mandate is to protect the wagering public while safeguarding the health, safety, and welfare of all participants in lawful gaming and pari-mutuel activities.
Interested in how different operators compare? Read our in-depth reviews of sports betting operators in Wyoming.
Annual Sports Betting Growth in Wyoming
Annual sports betting revenue data is pulled directly from the Wyoming Gaming Commission Annual Reports
Source:
RG
Monthly Sports Betting Growth in Wyoming
Monthly sports betting revenue data is pulled directly from the Wyoming Gaming Commission Monthly Reports
Source:
RG
Wyoming Sports Betting Revenue Performance
Since launching its online-only sports betting market in September 2021, Wyoming has seen steady, year-over-year growth across handle, gross gaming revenue (GGR), and tax contributions. The entry of major operators, including BetMGM, DraftKings, FanDuel, Caesars, and Fanatics Sportsbook, has expanded betting options for residents and fueled market expansion.
2021–2024 Performance
| Year | Handle | GGR | Hold % | Tax Revenue |
|---|---|---|---|---|
| 2021* | $40.35M | $4.01M | 10.62% | $111.9K |
| 2022 | $144.52M | $14.79M | 10.10% | $843.2K |
| 2023 | $172.25M | $17.29M | 10.17% | $1.06M |
| 2024 | $209.61M | $22.81M | 11.33% | $1.41M |
*Partial year (Sept–Dec 2021)
2025 Year-to-Date (Jan–Jun)
| Month | Handle | GGR | Hold % | Tax Revenue |
|---|---|---|---|---|
| Jan 2025 | $25.27M | $2.90M | 11.46% | $171.3K |
| Feb 2025 | $16.83M | $2.11M | 12.52% | $139.6K |
| Mar 2025 | $20.94M | $1.14M | 5.45% | $50.9K |
| Apr 2025 | $15.84M | $1.80M | 11.33% | $117.5K |
| May 2025 | $14.99M | $2.07M | 13.81% | $151.1K |
| Jun 2025 | $14.31M | $2.02M | 14.13% | $153.9K |
Highlights:
- January 2025 posted the highest handle so far at $25.27M, reflecting NFL playoff activity.
- March 2025 saw a sharp dip in hold (5.45%) despite substantial NCAA March Madness betting volume, favoring bettors.
- May–June 2025 showed elevated hold percentages above 13%, driving higher GGR despite lower total handle.
Wyoming’s commitment to an online and mobile-first betting model, coupled with active regulation by the Wyoming Gaming Commission, has created a sustainable and growing market. With consistent double-digit annual growth in both handle and tax revenue, Wyoming is positioned to continue its upward trend as more residents engage with licensed platforms.
Latest Updates in Wyoming Sports Wagering
- June, 2025: Proposed Sports Betting Tax Increase (from 10% to 20%)
In June 2025, the Wyoming Legislature’s Select Committee on Capital Financing and Investments proposed doubling the sports betting tax rate to 20%. This mirrors similar tax increases in other states and is aimed at generating more revenue for infrastructure and oversight. - June, 2025: Online Casino Bill Fails, Likely to Return in 2026
House Bill 0162, which would have legalized online casino games (slots, blackjack, poker) under a 16% tax and similar licensing terms as sports betting, died in committee in 2025. Legislators are preparing to reintroduce a similar bill in 2026. - June, 2025: Responsible Gambling Monitoring & Research Launched
Recognizing gaps in measurement, state officials confirmed that only 20 individuals had self-excluded via Wyoming’s program since 2021. In response, the Wyoming Responsible Gambling Commission is launching a statewide study this summer to assess problem gambling trends and treatment strategies better. - November 22, 2024: Online sportsbooks reported $1.9 million in Wyoming sports betting revenue for October, according to the Wyoming Gaming Commission, reflecting a 15.2% decline from the $2.3 million reported in October of the previous year.
- October 3, 2024: The Wyoming Gaming Commission, in collaboration with the Wyoming State Legislature, contracted Spectrum Gaming Group to conduct a feasibility study on the future of wagering in the state. The Joint Appropriations Committee has prioritized a comprehensive gaming review as their top interim topic. (Wyoming Gaming Commission, 2024)
- June 1, 2024: Wyoming sports betting handle fell to $12.5 million in May, down 18.8% from April and 1.5% year over year.
- July 12, 2024: Wyoming delays its decision on banning college player props.
- May 29, 2024: Fanatics Sportsbook launched in Wyoming, bringing the total number of legal online sports betting businesses in the state to five.
- January 20, 2023: Wyoming's sports betting revenue increased by approximately 16.95% yearly, rising from $14,787,230.00 to $17,293,948.00.
- August 2, 2022: Caesars Sportsbook goes live in Wyoming, making it the state's fourth active legal sportsbook.
Wyoming Snapshot
| Key Aspect | Details |
|---|---|
| Population | Approximately 578,000 residents as of 2024. (World Population Review, 2024) |
| Political Affiliation | Predominantly Republican, the state has a Republican trifecta, controlling the governorship and both legislative chambers. (270towin.com, 2024) |
| Year Sports Betting Legalized | Permitted from April 5, 2021. Sports betting operations began in September 2021. (Wyoming Gaming Commission, 2024) |
| Number of Sportsbooks Operating | Five major online sportsbooks: DraftKings, BetMGM, FanDuel, Caesars, and Fanatics Sportsbook. |
| GGR Jan-June 2025 | $108,191,037 |
| Sports Betting Handle Jan-Jun 2025 | $172,247,302 |
| Professional Sports Teams | Wyoming does not have professional teams. Most sports fans in Wyoming enjoy Football. Their favorite teams are the Denver Broncos, Minnesota Vikings, and Buffalo Bills. |
FAQs
General Questions
How is sports betting revenue calculated in Wyoming?
Revenue, or gross gaming revenue (GGR), is calculated by subtracting the total amount paid out in winnings from the total wagers (handle) accepted by sportsbooks.
What tax rate applies to Wyoming sports betting revenue?
Wyoming applies a 10% tax on sportsbook revenue, which is paid to the state by licensed operators.
Where does Wyoming’s sports betting tax revenue go?
Tax revenue is directed to the state’s general fund and the Wyoming Department of Health, supporting programs like responsible gambling initiatives.
Does Wyoming’s revenue come from retail or online betting?
All sports betting revenue in Wyoming comes from online and mobile platforms, as the state does not permit retail sportsbooks.
What factors influence monthly revenue changes in Wyoming?
Seasonal sports schedules, betting events like the NFL playoffs or March Madness, and operator promotions all impact handle, hold percentage, and monthly revenue totals.
