Wyoming

Wyoming has one of the smallest population densities in the U.S., but its online sports betting market features five of the biggest mobile operators in the country and could host plenty more.

Finding a team to root for in Wyoming can be difficult due to the absence of professional sports teams. This leaves local college teams, such as the Wyoming Cowboys, as the primary source of high-level basketball and football in the Equality State. With Wyoming's current sports betting layout, bettors can also bet on their favorite in-state colleges without restriction.

Wyoming offers other markets that some states do not, including the ability to wager on the NFL Draft or eSports contests. The two largest markets unavailable to bet on are politics and entertainment-based events, such as award shows. Residents and tourists in Wyoming seeking a sports betting alternative can download and use daily fantasy sports apps, which, although not regulated by the state, are still permitted.

Online sports betting in The Equality State

Some states need an existing gambling infrastructure to pass a sports betting bill. However, Wyoming lawmakers did not feel that was necessary, as they introduced a bill proposal in 2020 that would legalize online sports betting exclusively. Two bills in favor of legal mobile sports wagering came to light in 2020, but neither survived past the committee stage.

After that attempt failed, Wyoming lawmakers did not take long to try again. By early 2021, Governor Mark Gordon could sign HB133 into law, which legalized online sports betting.

With online sports betting given the green light, the Wyoming Gaming Commission has hammered out all the rules and regulations for sports wagering in the state and begun accepting applications for licensing from operators. One specific aspect of HB133 was that the state was required to issue at least five betting licenses.

The Wyoming Gaming Commission can issue unlimited licenses, potentially leading to an extensive online betting market. Currently, five operators have access to the WY market: BetMGM, Caesars, Fanatics, DraftKings, and FanDuel.

Because there are no retail betting facilities in the Equality State, these operators did not need to partner with any betting location to access the market. The Barstool Sportsbook was attempting to enter the market, but with PENN selling Barstool and launching ESPN Bet, it is now anticipated that ESPN Bet will soon enter the state’s market along with Fanatics Sportsbook.

All legal WY sports betting apps in 2026 (from newest to oldest):

Top WY betting apps in terms of popularity (2026)

As of February, DraftKings and FanDuel continue to dominate Wyoming's 2026 online sports betting market, collectively accounting for 76.86% of total market share (FanDuel 24.71%). While still the clear leader, DraftKings' share has slipped over the last few years, moving from 55.50% in 2024 to 52.37% in 2025, and then to 52.15% in 2026. Meanwhile, FanDuel's market share has been a bit of a rollercoaster, dropping first from 22.13% in 2024 to 21.27% in 2025, but then rocketing back up to 24.71% in 2026.

The recent rise of FanDuel has not just cost DraftKings but also BetMGM, which has lost close to 4 percentage points of market share in the last two years (17.07% -> 17.28% -> 13.32% in 2026).

Behind this TOP3, Fanatics Sportsbook has been trending up the most, first doubling its share from 2.19% in 2024 to 5.47% in 2025, and then continuing on a similar growth in 2026, holding a 5.71% share of the market. Meanwhile, Caesars has jumped to 4.11% from 3.60% a year prior, but remains a relatively minor player in Wyoming's streamlined operator pool.

Overall, the state's market remains highly concentrated, with the top two operators handling over three-quarters of all wagers. However, the emergence of Fanatics as a growing force suggests Wyoming bettors are increasingly open to alternatives, especially in a market shaped by mobile accessibility and limited operator count.

Sports betting & gambling legislation in WY

Wyoming has a lower legal sports betting age, with bettors required to be at least 18 to place a legal wager. All bettors aged 18 or older can remotely register to create accounts on the five mobile betting apps available in Wyoming. The Wyoming Gaming Commission enforces all rules and regulations related to sports betting in the Equality State.

Now, for as frustrating as a limited market can be for bettors, there is one aspect of the Wyoming sports betting landscape that bettors should be thanking their lucky stars over, and that is the tax rate. The reason they should be thankful for the tax rate on gambling winnings is that there is no tax rate on winnings, so bettors are only subject to the 24% federal tax rate.

Over time, the state has made several amendments to the sports betting bill, but discussions regarding sports betting have not been commonplace during legislative sessions. Consequently, it may take the state longer to address issues such as the legality of iGaming or online poker.

Geyser gamble: Fantasy pools for predicting Old Faithful’s eruption time down to the second

In the heart of Yellowstone, Old Faithful has long attracted thousands of visitors with its iconic eruptions. While nature lovers already get a high from watching these geysers, what if bettors could get a rush from this spectacle? A fantasy-style micro-betting concept based around this idea would entail players wagering on exact eruption times, down to the second.

The National Park Service already provides estimates with impressive precision, with most falling within a 10-minute window. Will it blow early? Late? Will a sudden wind gust redirect the splash zone and soak the unsuspecting front row? That’s where prop markets could come from. This would allow customers to dive into the height of the eruption or determine which quadrant of the boardwalk clears out first.

Families, park rangers, and tour groups could participate in casual pools via an app or kiosk, making this idea a quirky, educational method to gamify geology. In a world where fantasy leagues and survivor pools exist for everything from stock trends to hot dog eating contests, Old Faithful could be the next unlikely sports star.

Betting on bronc riding? Wyoming’s rodeos show wagering potential

Wyoming is renowned for its working ranch rodeos, where cowboys and cowgirls compete in events that showcase authentic ranching skills—such as wild cow milking, bronc riding, and team roping. Although traditional rodeo betting is still illegal, could Wyoming lead the way in establishing a legal betting market for ranch rodeo competitions?

Unlike mainstream rodeos governed by strict regulations, ranch rodeos emphasize authentic ranch work, often held at local fairs and other similar events. If betting were introduced, Wyoming could establish parimutuel wagering systems similar to those used in horse racing, where spectators place bets on riders, teams, or event outcomes.

Such a system could boost tourism, generate revenue for smaller communities, and celebrate Wyoming’s deep-rooted cowboy culture. However, legal hurdles and concerns about a level playing field in skill-based events could complicate its implementation. Being able to find a group of people that could set lines and betting markets for these events could also be difficult, so for now, any wagers at these events will be of the friendly, under-the-table kind.

Most recent updates from the WY sports betting scene

• November 25, 2025: In their final game of the season, the Wyoming Cowboys will be (+7.5) underdogs to Hawaii.

• November 12, 2025: Bowl eligibility remains a possibility for Wyoming, but they will need to win two of their next three games, starting with Fresno State in Week 12, where they are (+3.5) underdogs.

• November 5, 2025: College basketball season is underway, and the Wyoming Cowboys are (+15,000) to win the Mountain West Regular Season title.

• October 29, 2025: With four games remaining and two wins needed to become bowl eligible, the Wyoming Cowboys will be on the road in Week Ten as (+10.5) underdogs to San Diego State.

• October 17, 2025: Fresh off a come-from-behind win over San Jose State, the Wyoming Cowboys will be back in action in Week Eight as (+4.5) underdogs on the road at Air Force.

• October 7, 2025: The Wyoming Cowboys will remain at home for another Mountain West conference game, as the San Jose State Spartans will come to town. For the second straight week, the Cowboys are home underdogs, this week at (+1.5).

• September 30, 2025: Looking to snap a two-game losing streak, the Wyoming Cowboys are set to host UNLV as (+3.5) home underdogs in Week Six.

• September 11, 2025: Wyoming lawmakers cut a meeting short after clashing over proposed gambling tax hikes, including a plan to double the sports betting tax to 20%. Supporters said it could raise $3 million annually, partly for addiction prevention, but industry reps warned it could harm players and drive them to illegal sites. The session collapsed when the first bill—meant to centralize gambling oversight—was blocked, prompting a push to adjourn early.

In-person sports betting sites and locations

Wyoming lacks commercial casinos, meaning that the only option for residents and tourists who wish to gamble is tribal casinos. However, these tribal casinos cannot provide legal sports betting because of the discrepancy between gambling activities permitted on tribal lands and the regulations set forth in the state's sports betting legislation.

While legal sports wagers cannot be placed at them, Wyoming does have three racetracks for horse racing throughout the state and a dozen off-track betting facilities.

The Yellowstone effect: How TV drama may be driving Wyoming’s betting boom

Wyoming’s identity has been redefined in recent years by the immense popularity of TV shows such as Yellowstone, which highlight ranch life, Western values, and the high-stakes drama of the modern cowboy lifestyle. However, beyond the entertainment value, could fictional dramas like Yellowstone be subtly influencing Wyoming’s real-life sports betting economy?

There’s a growing case to say yes, particularly regarding tourism-driven betting activity and increased interest in Western-themed sports. Since Yellowstone aired, Wyoming has experienced spikes in national park tourism, attracting more out-of-state visitors who may place wagers during their stay. Even modest conversion rates, around 5–10% of Yellowstone visitors using mobile sportsbooks, could translate to thousands of new users and millions in additional handle each tourist season.

Additionally, the show may indirectly promote niche markets and sports, such as rodeo and equestrian sports, among others. If Wyoming sportsbooks or DFS platforms capitalize on this trend with themed promotions or tourism-heavy marketing campaigns, the state could potentially unlock $2 to $ 5 million in new yearly wagers, equating to hundreds of thousands in additional tax revenue. In a competitive betting landscape, aligning with cultural phenomena like Yellowstone provides the perfect opportunity to stand out.

Cowboy poetry slam showdowns: Betting on rhymes, applause, and audience favorites

At Wyoming’s cowboy poetry gatherings, such as those in Dubois or Saratoga, verse and voice are as competitive as rodeo events. But could cowboy poetry slams be wagered on just like the rodeo? With judged categories like “Best Traditional Poem,” “Biggest Applause Line,” or even “Most Surprising Freestyle,” the layout is already in place for prop-style wagers during live events. These gatherings draw impressive crowds, and with the help of mobile apps, spectators could place low-stakes bets tied to crowd reactions or poet performance metrics.

If even a fraction of Wyoming’s annual betting handle were directed toward novelty events like this, it could generate thousands in wagers during cultural festival weekends. This means generating new tax revenue without requiring significant infrastructure investments. Betting on cowboy poets may seem unconventional, but in the Cowboy State, where storytelling is revered, licensed sportsbooks might just feel like they are missing out on a ton of lost revenue through spoken word.

Sports betting in neighboring states

Wyoming is among a group of states that have limited betting markets. Montana, South Dakota, and Nebraska all offer retail-only wagering and no online betting, while Colorado is the only neighboring state of WY that provides both.

If a Wyoming resident ends up in one of those states, they will find some form of sports betting. If they happen to venture into Utah or Idaho, they will find no sports betting at all. To find out more, click the state names below.

Sports betting revenue impact on Wyoming's economy

There is no cap on the number of licenses the Wyoming Gaming Commission can issue, and each license has an initial fee of $100,000 and lasts five years. When those five years run out, the renewal fee is $50,000. All operators who receive their license are subject to the state's 10% sports betting tax rate.

Wyoming is one of the smallest states in the country by population. Even though sports betting has been legal in Wyoming since 2021, the state's legal sportsbook operators have generated just over $88 million in revenue, resulting in more than $5.3 million in paid taxes. In addition, Wyoming grossed the $800 million total betting handle landmark in December 2025. Given the low population and a market with only five mobile betting options, Wyoming's monthly handle, revenue, and tax income are pretty on par with what one would expect.

For as small as Wyoming is, the Equality State has still outperformed multiple other small states with limited markets. In fact, despite having the lowest estimated population in the country in 2025, Wyoming still produced a sports betting handle that was basically identical to Vermont's, with better revenue. In addition, WY beat Montana on both total wagering volume and revenue in 2025.

The WY betting market has been growing at double-digit figures each year after the legalization of such activity, and the same trend continued in 2025. The total betting volume increased 11.9% compared to the year prior, while revenue was up 19.5% year-on-year, and tax income was up 32.2% YoY.

Wyoming sports betting record months:

• Sports betting handle: September 2025 ($27,303,548)

• Revenue: November 2024 ($3,422,167)

• Tax income: December 2025 ($270,833)

• Biggest monthly online handle to date by a single WY sportsbook app:

  • DraftKings (Sep. 2025): $15,775,382

• Biggest recorded monthly revenue from online wagering:

  • DraftKings (Nov. 2024): $2,030,051

Latest WY sports betting revenue report breakdown (January 2026)

• Total online betting handle: $23,345,037

• Cash payouts to players: $20,500,770

  • Non-cash payouts: $627,073

  • Hold: 12.18%

• Gross revenue: $2,844,267

  • Adjusted (taxable) revenue: $2,112,886

• Tax revenue for the state (10% on revenue): $211,289

Reported by the Wyoming Gaming Commission.

Horse racing betting revenue data from the latest report:

• Simulcast wagering handle: $395,292

  • Payouts to players: $302,496

• Historic horse racing total handle: $216,504,381

  • Payouts to players: $196,615,633

• Advance deposit wagering - total wagers placed: $325,445

Top 5 sportsbook apps in the state in January 2026:

1. DraftKings: Handle: $12.2m, Revenue: $1.5m

2. FanDuel: Handle: $5.8m, Revenue: $659,747

3. BetMGM: Handle: $3.1m, Revenue: $494,449

4. Fanatics: Handle: $1.3m, Revenue: $112,074

5. Caesars: Handle: $958,341, Revenue: $101,807

The current WY mobile sportsbook apps market shares - January 2026

Let's compare: Wyoming online betting market shares - 2025 totals

Wyoming online betting market shares in 2024

Recent revenue report data - Compared to the previous year (YoY)

WY sports betting revenue in 2026

Wyoming Gaming Commission reports the state's sports betting handle, gained revenue, and the generated tax income for the state monthly, and all such data coming from the 2026 calendar year is summed up in the table below. In addition, the percentage in brackets in each cell indicates how the betting handle and gained revenue have evolved compared to the previous month.

2025 betting revenue data

2024 revenue data

Yearly revenue totals

From saloon style to state revenue: Betting on Wyoming mustache contests

Amid Wyoming’s frontier towns, where cowboy hats are worn for more than fashion reasons and tradition is thicker than a handlebar mustache, a new form of community competition could emerge: Old West Mustache Contest Betting. Already a popular feature at local heritage festivals and cowboy days, these facial hair competitions celebrate the art of the curl and are an ode to the historic facial hair style that is a staple of Westerns..

By adding novelty wagering to these already crowd-pleasing events, veterans of these get-togethers and sportsbooks could create prop betting pools based on categories like “Best Curl,” “Thickest ‘Stache,” “Most Historical Style,” or even “Crowd Favorite,” judged by a panel of mustache aficionados. 

Should Wyoming expand its gambling bill to prohibit niche betting markets like these, even a 0.01% slice of the state’s betting handle redirected to frontier-style events could generate thousands in wagers and additional tourism revenue. This is necessary since Wyoming is not a major earner among sports betting states.