WY House Committee Passes Bill For Online Sportsbooks With Cryptocurrency

• HB0133 that would have mobile sportsbooks legal in Wyoming has passed in its first House Committee on Monday.
• What sets HB0133 apart from other bill proposals is the fact that it would run very much as offshore sportsbooks do regarding the rules and general structure of the operation.
• Wyoming has until April 2 to pass this legislation through both the House and Senate and offer something in the United States that no other sports betting industry has offered yet.

CHEYENNE, Wyo. – On Monday, the Committee of the Whole within the Wyoming State House passed an online sports betting bill that would allow for cryptocurrency, esports, and gamblers 18 and over to engage in the activity.

The second reading of House Bill 0133 received approval to move forward within the legislative process of the House. This is a huge hurdle for the potential Wyoming sports betting market because when it comes right down to it, these state-sanctioned platforms would mirror offshore sportsbooks that have been utilized by sports bettors in Wyoming for years.

There are no such operations in the nation that have taken on so many aspects of an offshore mobile sports betting operation the way that this proposal does.

House Bill 0133

What would legalization of HB0133 entail for Wyoming? Many things that haven’t been seen in other markets in the United States for one. Multiple forms of payment would be accepted via the mobile and internet platforms that would be open to the sports bettors of WY. This includes cryptocurrencies like Bitcoin, money orders, personal checks, and prepaid vouchers, as well as the standard credit cards and debit cards which are used by many.

Legal sports betting in Wyoming would see a 10% cut from all GGR made from the industry through this proposal. Sports bettors in the Cowboy State would be able to gain membership to one of these sports wagering platforms as long as they are within state lines and 18 years of age.

All sporting events will be open for betting except wagers on events where athletes are under 18 or prop betting on specific athletes that are underage. This opens the door for esports betting which is still only found in select states at this time.

What’s Next?

This all-inclusive bill receiving its second pass the House Committee of the Whole in the 66th State of Wyoming Legislature may seem like a small step but it’s actually a very big one. This is the furthest any sports betting bill with cryptocurrency provisions has made it this far within a state legislature.

There are still plenty of committees where HB0133 will need to be discussed and approved on the floor. If it receives passage in the House completely, it will then move onto the Senate for the green light to move forward to Governor Mark Gordon’s desk to be signed into law.

The Legislature will adjourn for 2021 on April 2. No date has been scheduled for the next hearing of HB0133. Should it pass, Wyoming residents could see a launch of this very special kind of mobile sports wagering platform by the end of 2021.

News tags: Bitcoin | Cryptocurrency | HB0133 | Mark Gordon | State of Wyoming Legislature | Wyoming