Wyoming sports gambling bill signed by governor

Wyoming sports gambling bill signed by governor

Wyoming lawmakers are the latest to understand the value of legalized sports gambling

Very good news arrived for residents, especially gamblers, of Wyoming earlier this week, when Governor Mark Gordon decided to enact House Bill 133. This means that, as of September 1, 2021, online sports betting and fantasy sports contests will be fully permitted in the state. With the advent of this new law, it is predicted that annual revenue estimates could be in the neighborhood of $450 million.

This bill initially did not have strong support in the House on third reading on March 9; however, Representative Mike Yin made a motion for the House to reconsider the legislation. and had the decision reversed a day later. March 10 then saw the House of Representatives pass House Bill 133 on a 32-28 vote. Because the Senate adopted amendments to this bill, the legislation will now have to be passed one more time in the House to see if the representatives still agree with all these new changes.

As part of the conditions of the bill, people are only allowed to bet on sporting events where the majority of athletes are not older than 18 years old, which means that college and professional sports will be on the menu. Also, online sports betting operators will be obliged to remit 10% of all their revenues related to sports betting directly to the state. Part of this revenue will be earmarked for specialized programs to prevent and treat “problem gambling behavior.” The remainder will be used for the state’s General Fund.

If all goes well, the plan will continue as stipulated and bettors will be able to start enjoying this new legislation in time for the upcoming NFL season.

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