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Wyoming Bucks National Trends, Sees Increase In Sports Betting In January 2024

Written By J.R. Duren on February 26, 2024 - Last Updated on March 25, 2024
Wyomingbarrel Man Walks Stands At NCAA Game

Most of the betting markets across the country saw a dip in action and revenue this past month, a trend that’s relatively normal for the transition from December to January.

However, Wyoming’s sportsbooks and bettors could’ve cared less about national trends in January. The state posted its highest revenue total and second-highest handle in the past eight months, according to the latest data from the Wyoming Gaming Commission.

Wyoming’s FanDuel and BetMGM see strong growth in January

A look at last month’s numbers reveals some positive signs across the board and standout performances from two books.

FanDuel boosted its handle (total amount bet) from $4.1 million in December to $5.4 million in January. That 30.6% monthly growth was directly responsible for the state’s month-on-month handle growth.

On the revenue side, BetMGM had a fantastic month. The book boosted its December 2023 gaming revenue from less than $36,000 to $548,112 in January. BetMGM’s revenue rose nearly 1,450%.

SportsbookJanuary 2024 HandleDecember 2023 HandleGrowthJanuary 2024 RevenueDecember 2023 RevenueGrowth
BetMGM$3,101,234.03$3,098,858.2012.93%$548,111.73$35,397.74-816.95%
Caesars$415,933.97$803,768.1350.58%$11,169.08$5,502.93-1330.13%
DraftKings$11,391,203.67$11,013,077.98-8.70%$1,427,029.66$1,269,320.1933.72%
FanDuel$5,364,180.37$4,108,029.4115.79%$676,239.09$539,403.0441.01%
Total$20,272,552.04$19,023,733.722.62%$2,662,549.56$1,849,623.9015.51%

Monthly sports betting totals among the best since June

The collective efforts of the state’s four sportsbook operators meant excellent monthly numbers and strong seasonal numbers. Handle eclipsed $20 million for the second time in the past eight months.

Revenue turned in its highest total in that same time frame.

MonthHandleHandle GrowthGross RevenueRevenue Growth
January 2024$20,272,552.046.56%$2,662,549.5643.95%
December 2023$19,023,733.722.69%$1,849,623.9018.36%
November$18,525,419.66-12.76%$1,562,756.41-31.21%
October$21,234,828.2610.26%$2,271,665.0148.87%
September$19,259,607.2384.05%$1,525,986.1326.34%
August$10,464,584.4628.47%$1,207,821.1320.93%
July$8,145,480.25-14.11%$998,740.0828.81%

Amid sports betting success, could Wyoming lawmakers approve online casinos?

Wyoming sports betting handle and revenue have been on a roll lately. Wyoming online casinos? That’s another story.

Earlier this month, the Wyoming House voted against online casino legalization this year. However, the rejection could be a good sign. Lawmakers initially voted against sports betting but then approved it the following year.

Photo by David Zalubowski / AP Photo
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J.R. Duren

J.R. Duren has covered the gambling beats for more than a dozen states for Catena Media since 2015. His past reporting experience includes two years at the Villages Daily Sun, and he is a first-place winner at the Florida Press Club Excellence in Journalism Contest.

View all posts by J.R. Duren
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