In April 2021, the Wyoming Legislature passed HB 133, which authorized legal sports betting in the state and established a regulatory framework under the Wyoming Gaming Commission.
Gov. Mark Gordon signed the bill into law in May 2021, positioning Wyoming as one of the first states to adopt a mobile-only sports betting model without requiring partnerships with casinos or retail sportsbooks.
Online and mobile sports betting officially launched in September 2021, with approved operators offering statewide wagering through digital platforms only, as Wyoming law does not permit retail or in-person sports betting locations.
Wyoming sports betting revenue
Wyoming sports betting began in September 2021 with retail betting, and online betting began shortly after in November 2021. The Cowboy State generated $209 million in total sports betting handle in 2024.
Below is an outline of Wyoming's sports betting figures over the years:
Wyoming annual data
| Year 📅 | Handle 💵 | Gross revenue 💰 | Hold % (average) |
|---|---|---|---|
| 2025 | $212,067,000 | $23,924,000 | 11.6% |
| 2024 | $209,605,808 | $22,810,652 | 10.9% |
| 2023 | $172,247,303 | $17,293,649 | 10% |
| 2022 | $144,525,803 | $14,790,230 | 10.20% |
Wyoming 2025 monthly data
| Month 📅 | Handle 💵 | Gross revenue 💰 | Hold % (average) |
|---|---|---|---|
| Jan | $25,274,561 | $2,896,369 | 11.5% |
| Feb | $16,831,677 | $2,106,645 | 12.5% |
| Mar | $20,936,441 | $1,140,417 | 5.4% |
| Apr | $15,842,968 | $1,795,453 | 11.3% |
| May | $14,993,382 | $2,070,033 | 13.8% |
| June | $14,312,005 | $2,022,372 | 14.1% |
| July | $11,643,231 | $1,286,796 | 11.1% |
| Aug | $15,517,909 | $2,549,129 | 16.4% |
| Sept | $27,303,000 | $2,324,000 | 8.5% |
| Oct | $24,411,000 | $2,823,000 | 11.5% |
| Nov | $25,001,000 | $2,910,000 | 11.6% |
Wyoming 2024 monthly data
| Month 📅 | Handle 💵 | Gross revenue 💰 | Hold % (average) |
|---|---|---|---|
| Jan | $20,272,552.04 | $2,662,549.56 | 13.1% |
| Feb | $15,511,285.75 | $1,946,593.94 | 12.5% |
| Mar | $17,690,740.91 | $1,718,721.11 | 9.7% |
| Apr | $15,428,621.15 | $1,499,242.19 | 9.7% |
| May | $12,506,783.50 | $1,664,699.33 | 13.3% |
| June | $10,886,389.28 | $1,080,627.60 | 9.9% |
| July | $9,721,357.01 | $1,503,414.20 | 15.5% |
| Aug | $12,202,468.08 | $1,593,257.47 | 13.1% |
| Sept | $22,875,228.35 | $2,953,221.97 | 12.9% |
| Oct | $24,450,135.77 | $1,927,421.70 | 7.9% |
| Nov | $22,824,032.36 | $3,422,167.42 | 15.0% |
| Dec | $25,236,214.44 | $838,735.69 | 3.3% |
Wyoming 2023 monthly data
| Month 📅 | Handle 💵 | Gross revenue 💰 | Hold % (average) |
|---|---|---|---|
| Jan | $14,339,351.38 | $1,587,273.19 | 11.10% |
| Feb | $11,591,163.20 | $1,105,841.15 | 9.50% |
| Mar | $14,777,638.85 | $1,837,412.10 | 12.40% |
| Apr | $12,623,675 | $1,264,212 | 10.0% |
| May | $12,778,371.07 | $1,306,929.01 | 10.2% |
| June | $9,483,450.25 | $775,389.20 | 8.2% |
| July | $8,145,480.25 | $998,740.08 | 12.3% |
| Aug | $10,464,584.46 | $1,207,821.13 | 11.5% |
| Sept | $19,259,607.23 | $1,525,986.13 | 7.9% |
| Oct | $21,234,828.26 | $2,271,665.01 | 10.7% |
| Nov | $18,525,419.66 | $1,562,756.41 | 8.4% |
| Dec | $19,023,733.72 | $1,849,623.90 | 9.7% |
Wyoming 2022 monthly data
| Month 📅 | Handle 💵 | Gross revenue 💰 | Hold % (average) |
|---|---|---|---|
| Jan | $13,977,632.49 | $1,098,459.68 | 7.90% |
| Feb | $10,301,603.38 | $722,630.77 | 7.00% |
| Mar | $12,704,938.11 | $1,104,235.65 | 8.70% |
| Apr | $9,999,591.99 | $1,007,796.24 | 10.10% |
| May | $9,340,833.46 | $1,011,713.98 | 10.80% |
| Jun | $7,322,852.34 | $673,268.50 | 9.20% |
| Jul | $7,246,352.46 | $680,740.26 | 9.40% |
| Aug | $10,990,903.54 | $1,237,814.86 | 11.30% |
| Sep | $13,575,173.24 | $1,932,518.97 | 14.20% |
| Oct | $17,275,316.71 | $2,039,620.37 | 11.80% |
| Nov | $16,702,866.74 | $1,478,158.33 | 8.80% |
| Dec | $15,087,738.75 | $1,803,272.49 | 12.00% |
Wyoming sports betting at a glance
- Launch date: September 2021
- Regulator: Wyoming Gaming Commission (WGC)
- Latest reported month: September 2025
- Lifetime handle: $729,379,115
- Lifetime revenue: $77,095,991
- Last updated: December 25, 2025
Note: Wyoming reports sports betting revenue on a monthly basis. Figures below reflect combined online and retail wagering unless otherwise specified by the regulator.
About sports betting revenue in Wyoming
Wyoming legalized sports betting in 2021, with online and mobile wagering officially launching in September of that year under the oversight of the Wyoming Gaming Commission.
The state operates under a mobile-only sports betting model, with wagering available exclusively through approved online platforms. Wyoming does not permit retail sportsbooks or casino-based betting, making digital access the sole driver of market participation.
The Wyoming Gaming Commission publishes monthly sports wagering reports detailing statewide handle, gross gaming revenue, and tax collections. These reports reflect mobile betting activity exclusively and provide transparency into market performance within the state’s streamlined regulatory framework.
Because Wyoming’s sports betting market is entirely digital and population-limited, its revenue figures are best interpreted as indicators of mobile adoption and per-capita engagement rather than overall market scale, offering insight into how a low-density state performs under a mobile-only model.
How to read revenue numbers
- Handle represents the total amount wagered by bettors during the month.
- Revenue reflects sportsbook winnings after payouts, before expenses.
- Hold is calculated as revenue divided by handle, expressed as a percentage.
Monthly revenue can fluctuate significantly due to seasonality, betting mix, and the outcomes of major sporting events.
Home team advantage: Wyoming sports
Sporting your Wyoming Cowboys football jersey feels good, but backing the home team doesn't always translate to a winning bet.
Practice patience with your favorite teams, do your research, and familiarize yourself with our how to bet guides for advice and advanced betting strategies.
Although no upcoming fights are scheduled in the Cowboy State, the best UFC betting sites and top boxing betting sites allow you to easily browse the markets and back fighters you can cheer on as passionately as your hometown teams.
Wyoming sports betting law
Governor Mark Gordon signed Wyoming's sports betting bill — HB 133 — on April 5, 2021. Two online sportsbooks went live on Sept. 1, 2021.
Here's a brief overview of the legality of Wyoming sports betting in 2026:
- The Wyoming Gaming Commission regulates online sports betting in Wyoming.
- You must be 18 or older to bet on sports in Wyoming.
- Wyoming sports betting law calls for at least five sports wagering licenses.
- Wyoming taxes online sports betting operators' gross gaming revenue at a rate of 10%.
- Betting on college sports — including in-state teams — is permitted in Wyoming.
- esports wagering is not regulated in Wyoming.
Covers and credibility
We have had our finger on the pulse of the sports betting industry for more than 25 years. The sports betting revenue figures and statistics found here have been personally reviewed, verified, and fact-checked to ensure their validity.
News outlets turn to Covers for our earned reputation as a trusted and authoritative source of sports betting information. These are among the notable publications and media outlets that have referenced Covers.com and our industry experts.
More industry resources
As states continue to authorize legal sports betting — now 38 states plus DC, consult these informational websites for additional information on the sports betting industry:
- American Gaming Association (AGA): Organization dedicated to advancing the gambling industry's interests by promoting, educating, and advocating for responsible gambling.
- Professional and Amateur Sports Protection Act (PASPA): Supreme Court of the United States ruling.
- National Council on Problem Gambling: Those seeking help for a gambling problem can call 1-800-GAMBLER toll-free, 24/7.
Related sports betting revenue coverage
U.S. Sports Betting Revenue Tracker
Monthly Sports Betting Revenue by State: Arizona | Arkansas | Colorado | Connecticut | DC | Illinois | Indiana | Iowa | Kansas | Kentucky | Louisiana | Maine | Maryland | Massachusetts | Michigan | Missouri | Nevada | New Hampshire | New Jersey | New York | North Carolina | Ohio | Oregon | Pennsylvania | Rhode Island | Tennessee | Vermont | Virginia | West Virginia | Wyoming
Sports betting revenue tracker FAQ
The sports that generate the most sports betting revenue can vary depending on factors such as the sport's popularity, the betting market's size, and the timing and frequency of significant events. Football stands as the most popular sport for betting in the United States, with the NFL generating the highest revenue. The Super Bowl alone is one of the world's most-watched and bet-on sporting events. Basketball is also a popular sport for betting, particularly in the United States where the NBA lays claim to the top basketball league in the world.
Sports betting revenue varies greatly depending on the region, market, and size of the industry. However, in many jurisdictions, sports betting can generate significant revenue and contribute to the overall economy. Compared to other industries, sports betting revenue may not be as significant. For example, in 2020, the global video game industry was estimated to generate over $159 billion in revenue. Meanwhile, the global film industry was estimated to generate over $100 billion in revenue in 2020.
The popularity of select sports events cannot be overlooked, with the Super Bowl and World Cup among the largest betting events in the globe. Betting odds and lines also greatly impact the amount of revenue generated by sports betting. Other factors include technological advancements, including the live streaming of events.
The future of sports betting revenue hinges on additional markets legalizing sports betting, via mobile betting, land-based, or a combination of both. An uptick in legal U.S. markets will trigger increased revenues, while new bet trends including same game parlays and in-game wagering, unlocks more opportunities for customers.
Online sports betting has significantly impacted sports betting revenue, notably in states where it is legal and regulated. The rise of online sports betting has facilitated the customer experience, allowing people to place bets remotely or in-person from the event itself, leading to increased revenue for sportsbooks. Betting site operators can also reach a much larger audience and customer-base. Overall customer convenience plays a large part in driving up sports betting revenue.
Gross revenue represents the total amount of money a sportsbook takes in from all customer bets, and it includes the total value of all bets placed, regardless of whether the bets won or lost. In other words, gross revenue is the total amount of money a sportsbook earns from its customers. Net revenue, conversely, is the amount of money a sportsbook earns after deducting all its operating expenses. This includes things like salaries, rent, marketing expenses, and other costs associated with running the sportsbook. Net revenue is the profit a sportsbook makes from its operations.
Major sports events including the Super Bowl and World Cup have a significant impact on sports betting revenue. These events garner a lot of attention from fans, which leads to increased betting activity and higher revenue for sportsbooks. The Super Bowl alone is the largest single-day betting event on the sporting calendar, which generates millions of dollars in revenue for sportsbooks.
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