Wyoming Sportsbooks Lost Money In First Month Of Operation

Wyoming residents bet over $6.2 million on sports in the first month of legal sports betting.
Although a lot of citizens placed bets, sportsbooks lost money in the first month of operation

CHEYENNE, Wyo. – Wyoming sportsbooks just had their first full month of taking sports bets, and while they handled an impressive amount of money, their revenue amount wasn’t quite as high.

Wyoming’s First Active Sports Betting Month

The recent Wyoming Pari-Mutuel Commission report shows that while the two operating Wyoming sportsbook platforms handled over $6.2 million in sports wagers, they actually lost $-123,969 in revenue.

Confidence in the future of legal Wyoming sports betting remains steadfast however.

“I think we just need to continue to get really strong operators and give everyone an opportunity to find the markets they like. Some people might like an operator’s interface or software a little more than others, so hopefully we have a lot of competition,” said David Carpenter, sports wagering project manager at the Wyoming Pari-Mutuel Commission.

Wyoming Sports Betting Options

On September 1, Wyoming sports betting officially launched with two different companies providing apps to Wyoming citizens.

DraftKings Sportsbook
BetMGM Sportsbook

Although these are the only two sportsbook platform operators currently active, the Wyoming Pari-Mutuel Commission meets again on November 5, and decisions regarding more sportsbook licenses will more than likely be discussed.

Sportsbook operators with pending applications that will be under consideration are FanDuel, and Barstool, who is owned by Penn National Gaming.

Now that there is an active legal sports betting market in Wyoming, more sportsbook operators will continue to pursue a license to operate within state borders.

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Evan Thornton

Evan’s passion for writing has guided his entire life, from winning enough money in writing scholarships to pay for his college, to his hobby of personal fictitious works. Research and writing simply come naturally to him. Whether at work or at home, Evan is probably either researching something he plans to write, or writing it.