Wyoming Governor Signs Bill to Legalize Online Sports Betting

by Natasha Lyndon - Thursday, April 8th, 2021 11:13


Wyoming Gov. Mark Gordon signed the bill into law this week.

Governor Mark Gordon has signed House Bill 0133 that officially legalizes online sports betting in the state of Wyoming.

The heavily amended bill was overwhelmingly passed by the senate last week after several rejections of earlier versions.

The bill sets out the parameters for a regulated sports betting industry that will allow sportsbooks to offer online products and services beginning on September 1st of this year.

Like Tennessee, Wyoming will have no retail sportsbooks.

Operators will need to pay an initial fee of $100,000 for a five-year license and a $50,000 renewal fee at the end of each license term.

All sports betting revenues will be taxed at a standard rate of 10% and industry experts expect the market to be worth somewhere in the region of $449 million.

The state is expected to issue licenses to around five sportsbook operators. However, to qualify for a license, an operator must be licensed to operate in at least three other states.

This means that the most likely candidates for a license are FanDuel, DraftKings, William Hill, BetMGM, theScore, Barstool Sportsbook, and PointsBet.

 

Image credit: MikesGroover / CC BY-SA 4.0

Natasha Lyndon

Based in London, Natasha is a former sports journalist with experience working for some of the biggest athletes & brands in the world of sports and iGaming.