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Bettors in Wyoming gambled $21.23 million online in sports throughout October. Not only is the figure a 10.26% increase from September, but it is the highest monthly amount since Wyoming launched its legal online sports betting market.
These are the other relevant numbers in October:
- $2.27 million in wins for sportsbooks (gross gaming revenue)
- $1.41 million in taxable gaming revenue
- $141,086 in taxes for the state
There are four licensed online sportsbooks in Wyoming: BetMGM, Caesars, DraftKings and FanDuel. DraftKings and BetMGM went live in September 2021, FanDuel launched in March 2022, and Caesars entered the market in August 2022.
Wyoming sports betting revenue hits monthly high in October
Apart from the betting handle, Wyoming’s October gaming revenue, which amounted to $2.27 million, also reached a record amount. The number is a 15% increase from October last year and a 48.87% growth from September.
This year’s previous high was $1.84 million, set in March. October’s revenue figure is 23.64% higher than that amount.
According to the Wyoming Gaming Commission’s October activity report, here’s what the rest of the year looked like:
While the total amount of money that Wyoming’s four online sports betting apps generated was notable, the share of that money that they won was also the highest this year. Likewise, the taxable gaming revenue of $1.41 million is a 21.55% yearly increase and a 172.62% monthly rise.
DraftKings leads the Wyoming online sports betting market
DraftKings was the top-performing operator throughout October, generating $1.42 million in gross gaming revenue from $12.47 million monthly bets.
FanDuel came in second with a revenue of $402,961 and a $4.85 million betting handle.
BetMGM was next with $378,344 in revenue from $3.5 million in total online sports bets.
Caesars followed with revenue of $73,028 from $378,622 in total bets.
While DraftKings’ and BetMGM’s revenue and handle increased monthly, FanDuel saw a revenue drop in October, and Caesars reported a handle decrease from September.
Four Wyoming online sportsbooks collected $141,086 in taxes for the state in October. The figure represents a 172.72% increase from Wyoming’s September gaming taxes collected of $51,752, and a 21.74% yearly rise.
