PROMO 64J1 Miscellaneous - Sports Betting Gambling - iStock - CarmenMurillo

Wyoming legalizes online sports betting

© iStock - CarmenMurillo
The Center Square

(The Center Square) – Wyoming Governor Mark Gordon signed 31 bills into law earlier this week, including one that legalizes online sports gambling in the state.

The new law will allow for mobile sports betting only by September, in time for football season. In-person retail sports betting will remain illegal.

A 10% tax will be assessed on gross gaming revenue, along with a $25,000 application fee and $100,000 license fee with at least five licenses granted.

The Wyoming Gaming Commission will regulate the industry. Adults ages 18 and over will be able to gamble.

Colorado voters legalized sports betting in November 2019 in passing Proposition DD. Betting started in 2020, and saw increasing revenues until a nearly 20 percen slump occurred in February this year.