BetMGM and DraftKings are the first two operators to apply for sports betting licenses in Wyoming, according to the Wyoming Gaming Commission. The regulator told CO Bets Monday that other operators have “shown interest,” but none have filed for application yet. Wyoming lawmakers legalized mobile-only sports betting on April 5 and the plan is operators to be live at some point after Sept. 1. It’s not clear yet if the WCG will set a date and launch all qualified operators at that time or if they’ll allow operators to go live as they are ready.
Wyoming will become the first Colorado border state to also offer statewide mobile wagering. Among other border states, several New Mexico tribes offer in-person wagering, and in Nebraska, voters legalized a gaming expansion in November 2020, but regulators there are still in the rule-making process.
FanDuel, Penn National also planning to apply
FanDuel and Penn National via its Barstool Sportsbook expect they’ll apply in Wyoming, and it’s fair to expect that other major companies like Bally’s, BetRivers, Caesars, PointsBet, and others will also apply. All of the companies on that list are already live in Colorado.
Wyoming is among three states, including Arizona and South Dakota, that are currently accepting applications, out of 10 states that have legal but not live sports betting. Arizona currently has set a Sept. 9 go-live date, while both Wyoming and South Dakota are more fluid in terms of potential launch dates. Whichever state goes first will be the first to go live with digital sports betting since Virginia and Michigan launched online/mobile wagering in January 2021.
Though Wyoming is among the smallest states in the nation, it does present a somewhat unique opportunity for operators in that it will be the first to allow bettors to fund accounts with crypto, digital, and virtual currencies, and is the second behind Tennessee to legalize only digital wagering.
Operators in Wyoming will not need to have brick-and-mortar partners, but Wyoming does have four federally recognized tribes, all of which could also offer wagering.
When lawmakers legalized, they set the wagering age at 18, allowed for betting on all college teams, including in-state teams, and set the tax rate at an operator-friendly 10%.