A study of the Wyoming gambling landscape is complete and provides multiple recommendations and projections, including potential online casino expansion.
Spectrum Gaming Group published its Wyoming Gaming Expansion Study this week after turning it into the Wyoming Gaming Commission. Commissioned earlier this fall, the study examined various aspects of the commission’s operations and potential gambling expansion in the state, including online casino.
Along with internal adjustments, Spectrum’s report largely covers potential horse racing expansion, including sending out simulcast signals and historical horse racing machines.
Wyoming online casino talk
Wyoming online casino legislation was introduced in 2024. The bill would have legalized online poker, blackjack and slot games.
Spectrum notes that the state does not have in-person commercial casinos. Some states, like Maryland, have faced significant opposition, citing brick-and-mortar casino cannibalization.
“Wyoming appears to be in an enviable position to expand its gaming operations to include internet gaming should it decide to proceed with this endeavor,” the report reads.
Wyoming online gambling projections
Spectrum also provided online casino projections for Wyoming. It used benchmarks from the existing seven online casino markets in the US.
The study estimates Wyoming could produce gross revenue of between $96 million and $142 million if it was legal in 2025.
With a 20% tax rate, the state could generate between $19 million and $28 million in taxes.
Wyoming sports betting recap
Wyoming launched online sports betting in 2021, and five online books are now live in the Cowboy State. The report notes its overall revenue is likely lower without the presence of a professional sports team, which is not surprising because of the state’s tiny population. There are still seasonal spikes during NFL betting and March Madness.
Wyoming does see $325 per capita annual handle. That figure is well above neighboring states like Montana, $57, and South Dakota, $10, both of which only have in-person wagering.
It is below Iowa’s $819 per capita handle. Iowa likely benefits from bordering Missouri and Minnesota, which do not have legal sports betting, the study concludes.
