Legal sports betting is coming to Wyoming. A bill sponsored by Rep. Tom Walters was signed into law by Gov. Mark Gordon in April 2021. It’s expected that the launch will take place in time for the upcoming NFL season, but that naturally comes with the caveat that everything proceeds without a hitch from this point.
The passage of bill HB133 was a slight surprise as a previous effort to legalize Wyoming sports betting failed to make it past the House in 2020. In anticipation of Wyoming joining the ranks of legal sports betting states, we’re going to take a detailed look at what bettors can expect and how the market as a whole is expected to take shape.
Is Wyoming sports betting legal?
Yes. Sports betting is legal in Wyoming though launch is still imminent. Gov. Gordon signed HB133 into law in April 2021. Following a failed attempt at legalization in 2020, the House put the matter to vote again on March 9. Once again, the effort to give a green light to sports betting failed as the House voted against moving the bill forward.
However, legislators had a change of heart after sleeping on it. The bill passed by a wide margin of 32-4 the following day, followed by the Senate Appropriations Committee giving it a thumbs up with a 32-4 vote. Despite having the fewest residents of any state, the Wyoming Gaming Commission has pegged potential wagering revenue at $449 million annually.
What still needs to happen
Things are proceeding quickly in Wyoming with a targeted launch date of Sept. 1, 2021. Just two months after the law was signed, on June 9, the Wyoming Gaming Commission submitted the rules to Gov. Mark Gordon, initiating the 45-day public comment period ending July 31. The application process opened July 15, with four sportsbooks delivering letters of intent to the WGC: DraftKings, FanDuel, Barstool, and BetMGM.
The Wyoming Gaming Commission will help to finalize the rules for the new industry before the launch can happen as forecast in September.
Wyoming sports betting apps
At least five sportsbooks are expected to set up shop in Wyoming on an online-only basis. The state has made it known that they want experienced operators only as applicants must be up and running in at least three other states to qualify. That whittles down the list of contenders, but it’s positive news for the industry’s top names. Here’s a look at the most likely candidates.
- DraftKings Sportsbook: As one of the largest players in US sports betting, DraftKings can be expected to throw its hat into the ring whenever a new state opens up. The company’s mobile platform is highly regarded across the industry, and users will find a wide range of available features to enjoy.
- FanDuel Sportsbook: A market leader in a number of legal states, FanDuel is another entity which doesn’t shy away from growth opportunities. The app is known for looking great while being simple to use, all while placing every market and bet type you could ask for at your fingertips.
- BetMGM Sportsbook: BetMGM has made some major strides in the battle for sports betting market share, and the company shows no signs of slowing down. Hallmarks of the app include a very deep bench of betting markets and a clean listing of available wagers for all contests.
- Caesars Sportsbook: Caesars had a major presence in the states even before it bought William Hill and all of its betting shops and assets. There’s a lot of experience behind the scenes of a company with a lengthy resume, and it shows up in a solid and functional mobile app.
- Barstool Sportsbook: Barstool has grown into a very popular digital media company, and it has crossed over into sports betting via a deal with Penn National. The sights are set on growing its wagering presence in as many states as possible, so an attempt in Wyoming seems like a fit.
How to start betting online in Wyoming
Since Wyoming will be an online-only state, there shouldn’t be any in-person registration requirement for those looking to bet on sports. In Illinois, users have been required to register at a casino, whereas other states have been much more flexible and allowed the process to be completed remotely.
Naturally, the latter is the much more appealing of the two options as users can take care of signing up via computer or mobile device. While it looks like that will be the path in Wyoming, we’ll have to sit tight for final confirmation. Assuming the process can be done remotely, you’ll be asked to provide some specific details as part of signing up, including:
- Email address
- Date of birth
- Last four digits of social
To register to play, users must be 18 years of age or older, one of the younger age requirements for legal sports betting. Generally, it’s all laid out in crystal clear fashion. You simply have to follow the prompts and enter what’s requested, verify that everything is correct, and accept the terms and conditions. Once you complete and click submit, your new account will be created immediately.
The only potential hang-up will come if there’s any trouble verifying your age or identity. In both cases, you’ll be asked to provide additional verification if the operator has any trouble doing so. This is done to make sure you’re eligible to play, and also for your own security.
You don’t have to be a resident to play with state-specific sports betting apps. However, you do need to be within state lines when placing bets. To confirm that you are, operators use geolocation tracking software to verify user location.
The boom time for sports betting has translated into some absolutely fantastic mobile betting platforms from the top shops. You can take care of everything you need to right from your device without issue, including account management, or just browsing the lines and betting.
How licensing works in Wyoming
Current plans call for at least five online sportsbooks in Wyoming. In order to submit an application, the applicant needs to be operating in at least three other states at the time of submission. Here’s how it all shakes out on the financing end.
- An initial five-year license costs $100,000.
- The renewal fee is set at $50,000.
- Operators are subject to a 10% tax on gaming revenue.
- Of the tax dollars collected, the first $300,000 annually will be reserved for gambling addiction treatment.
The Wyoming Gaming Commission is the overseeing body for sports betting in the state. They’ll enforce the rules, make sure operators adhere to regulations, and be on standby for consumers as needed if issues arise.
Futures betting in Wyoming
Sports betting isn’t live in Wyoming just yet, but we can expect the menu of options to be in line with what we find in other legal states. A good source of sports betting revenue will be generated from the big three pregame bets: moneyline, spread, and totals. For those looking for additional options, you’ll find plenty, including futures.
A futures bet is a wager on a result that won’t be known until a much later date. The most popular markets revolve around the season-long outcomes for the top team-based sports. You can wager on things like the Over/Under on team regular season win totals, or players to win big awards like the NFL MVP. The top choices center around championship winners.
- Super Bowl
- NBA Finals
- World Series
- Stanley Cup
- College Football Playoffs
- March Madness
Additionally, futures markets for major individual events are also very active. Options in this category include the winners of the Masters or tennis Grand Slams as well as NASCAR’s Daytona 500. For futures, the goal is to land on the winner, but bettors should also have an eye toward finding the best available odds for their preferred selections.
Props betting at Wyoming sportsbooks
In a nutshell, props are additional wagering opportunities on games and events. As a general rule, the more popular the contest, the more available props you’ll see. For example, there will be a solid amount for a random NFL game, but hundreds for the Super Bowl. One of the biggest draws in prop betting are wagers that revolve around player performance.
- Who will have more receptions – Cortland Sutton or Jerry Jeudy?
- How many total points for Donovan Mitchell – Over/Under 26.5?
- Will Nathan MacKinnon score a goal – Yes/No?
For upcoming games, clicking through on the main bet listing will open the doors to the available props. There will be odds listed for all of the available choices, such as on both sides for our example props. For a prop bet with multiple possible selections, like the player to score the first basket in an NBA game, there will be odds for all players in the field listed out.
In-game betting in Wyoming
Once the action gets underway, you don’t have to stop wagering. In-game betting has grown by leaps and bounds in recent times, and it’s a popular offering from all of the industry’s top online and mobile sports betting operators. Also known as live betting, these are bets you can place in real time as the action is playing out. Example in-game opportunities may include things like:
- Which side will have more passing yards in the second half – Broncos or Raiders?
- How many Rockies batters will appear at the plate in the 5th inning – Over/Under 4.5?
- Will the Avalanche score a goal on this power play – Yes/No?
Beyond various prop-style bets, you’ll also find updated odds and lines for the top pregame bets. For example, the Broncos could take the field as a 4.5-point underdog to the Chiefs. If Denver gets out to a 10-0 lead, live betting odds will reflect the new reality. Bettors can hedge their initial positions or choose to double down based on the situation at hand.
In-game betting markets move fast, and this style of wagering can really up the enjoyment factor when you settle in to enjoy a contest. That said, as with any other type of wagering, discipline is key. You should always approach sports betting with a strict budget in mind and stick to it no matter what.
Wyoming sports teams to bet on
There are no pro sports teams that make their home in Wyoming, but neighboring Colorado is filled with options for those looking for nearby clubs to root for. There are also NBA and MLS teams located next door in Utah.
- NFL: Denver Broncos
- NBA: Denver Nuggets, Utah Jazz
- MLB: Colorado Rockies
- NHL: Colorado Avalanche
- MLS: Colorado Rapids, Real Salt Lake
As for in-state options, sports bettors have to look toward college sports. The Wyoming Cowboys are members of the Mountain West conference for both NCAAB and NCAAF. The Cowboys and Cowgirls have a strong following across the state.
Additionally, the sports betting menu doesn’t begin and end with local teams. Bettors will have plenty of options to explore, including mainstream sports like golf, tennis, UFC, and NASCAR, as well as smaller competitions such as cricket and table tennis when approved.
What’s legal and illegal to bet on in Wyoming
The official rollout of Wyoming sports betting is expected to take place by the start of the 2021 NFL season. By the time that happens, we’ll have clarity on exactly what will be permitted or prohibited. While sports betting has been signed into law in the state, final details are still being worked on by the Wyoming Gaming Commission.
Across the legal states to date, wagering on all of the major and minor professional sports is allowed, but there are some variances on a state-by-state basis with college sports and permitted wagers. We’ll have to wait and see what that means for wagering on NCAAB and NCAAF in Wyoming.
However, it’s safe to assume that other industry standards will also be mirrored.
- Betting is restricted to actual sporting events — no wagering on Oscars, elections, etc.
- Those with a close affiliation to a league or team are prohibited from betting on those contests.
- Prospective users can not be on any self-exclusion lists for problem wagering.
- No wagering on high school sports or on competitions involving athletes under 18 years of age.