Wyoming Betting Laws & Guide

Sports betting launched in the state of Wyoming in 2021. Currently, there are four sportsbooks available in the state. The state features mobile sports wagering through several operators because there are no commercial casinos in the state. There are four tribal casinos, and they are operated by two Native American tribes. These casinos have the right to offer sports betting at their casinos because they offer Class III gaming.

Is Sports Betting Legal in Wyoming?

Yes. Sports betting is lawful and active in Wyoming. The sports betting market launched in September 2021 after legislators launched a bill to create legal WY sports betting, and the Governor signed it into law. Since the launch, bettors can use the four sportsbooks available in the state, as they were launched before the start of the NFL season.

What Betting Sites Are Legal in Wyoming?

DraftKings Sportsbook

DraftKings is one of the sportsbooks with a quick and efficient app. The lines on the sportsbook are updated frequently, and you can also access a wide range of betting options. The interface of the sportsbook is easy to navigate, and it has reasonable and routine odds boosts with an array of gaming options. In addition, the sportsbook accepts all expected deposit options like credit cards and PayPal. The sportsbook is available on both Android and iOS. Furthermore, DraftKings Sportsbook’s promos are some of the best in the business.

Promotions are offered to new users and bettors who have been using the sportsbook for prolonged periods. The sportsbook also offers the widest range of betting in terms of both breadth and depth. You can bet on virtually any sport, and the range of activities you will have access to is incredible. Furthermore, the sportsbook offers unique styles of play like sportsbook pools, a Supercontest style game, live cash-out options, and an online casino.

Caesars Sportsbook

The Caesars Sportsbook can be accessed on any device that has an internet connection. Both the computer and mobile app versions of the Caesars Sportsbook allow you to access all standard features, including placing bets, making deposits and withdrawals, contacting support, checking lines, and much more. While using the sportsbook, you can access a huge selection of in-play betting options and daily promotions.

The in-play betting option enables you to place bets while the game continues. The lines are constantly updated based on what is going on in the field. If you are a new customer of Caesar’s, you will receive a risk-free bet of up to $1200 when you register a new account. This risk-free bet allows you to make your first bet, and if you lose, you will get a free wager for the amount that equals your initial deposit.

BetMGM Sportsbook

BetMGM sportsbook was launched as a collaboration between Entain and MGM. It launched the same day as DraftKings Sportsbook. The BetMGM Sportsbook offers a great selection of bet types and markets. Moreover, the quality of the sportsbook’s mobile app is top-notch. You can take advantage of the fair odds and quality customer service when using this sportsbook. The sportsbook provides a fully licensed, safe and rich platform featuring generous bonuses and more.

The sportsbook offers a $1000 risk-free bet for all its new users. This offer allows you to place your first wager in an amount of up to $1000, and if you lose, you will be refunded the amount of your original wager in free bets, up to $1000. The sportsbook offers frequent free bets, and you should always keep yourself updated so you can claim them and make some cash.

FanDuel Sportsbook

FanDuel has multiple markets across all major sports and most niche sports, alongside the widest variety of prop bets in Wyoming. Additionally, you can find plus-expected-value bets when you take advantage of the sign-on bonuses, and daily odds boosts. Moreover, the user interface on both the website and the app is top-rated.

The sportsbook has also put up measures to ensure that deposits and withdrawals are quick and safe. The sportsbook offers American odds for its lines. This means that every bet is based on a $100 bet, and the profit you will make can obtain change depending on if you bet on the favorite or the underdog. Since FanDuel offers multiple betting markets, you should take the time to know these markets. They include spread, Moneyline, totals, and futures markets.

Wyoming Sports Betting Rules and Regulations

The law passed to create legal sports betting in Wyoming creates an industry-friendly market. The state law requires that regulators give out at least five Wyoming sports betting licenses. However, there is no established law that leaves open the possibility of handing out more licenses. Sports betting operators are required to pay $100,000 to get an initial five-year license. When this license is due, they are required to pay a renewal fee of $50,000. The operators must also pay an application fee of $25,000. You must be 18 years and older to place a legal bet in Wyoming. However, if you want to place a bet in a retail sportsbook, you must be 21 years and older. An additional rule stipulates that it is legal for sportsbooks to accept wagers in digital, crypto, and virtual currencies as long as the digital wagers can be converted to cash.

Best Mobile Sportsbooks Available in Wyoming

DraftKings Sportsbook- this sportsbook is functional and modern, and it offers instantly updated lines.

Caesars Sportsbook- you can use this sportsbook to access hundreds of bets on almost every matchup.

BetMGM- this sportsbook is known for having the best futures odds in the industry.

FanDuel Sportsbook- this sportsbook is best known for its navigation, speed, and betting features like same-game parlays.

Wyoming Sports Betting Promos

FanDuel Bonus

New users on the FanDuel Sportsbook are eligible for the no-sweat first bet when they make their initial deposit. You can deposit your money using PayPal and bank transfers. The offer is good for up to $1000, but you can also activate it with lesser amounts, like $50 or $100. The no-sweat first bet promotion is usually up to $1000. This promotion applies to the first wager you place on the site, which gives you some insurance. If you lose your wager, FanDuel will give you a site credit for the original amount of your wager. You can use this site credit to place more bets. Currently, there are College Football matchups that give you a chance to split $20,000 in site credit. This promo will expire on October 1.

DraftKings Bonus

The DraftKings Sportsbook allows you to get a $50 free bet with a $5 minimum deposit. Once you make a deposit, you will get a $50 credit that you can use to bet with. You can also qualify for a 20% match up u to a $1000 deposit bonus. This means that the sportsbook’s promo will match your initial deposit by 20% up to a maximum of $1000. Therefore, if you want to get a bonus of $1000, you will need to deposit $5000. Consider starting to bet with small amounts of around $100 so that you can get a matching bonus of $20. In addition, the sportsbook offers a 50% boost for any MLB bet and a 50% boost for any SGPx wager. You can also enjoy same-game parlays boosted up to 100%. New players on DraftKings also enjoy a promo of up to $1050. You don’t need a DraftKings Sportsbook promo code to access this offer.

What Are the Sports to Bet on in Wyoming?

Sportsbooks in Wyoming allow bettors to place on major sports teams such as;

  • NFL

  • NBA

  • UFC

  • Boxing

  • Soccer

  • NHL

  • MLB

  • MLS

  • Tennis

  • College sports

  • Rodeos

  • Golf

  • Horse racing

  • Cheyenne Grizzlies (Baseball)

  • Wyoming Knights (Football)

  • Laramie Colts (Baseball)

  • Wyoming Cavalry (Indoor football)

  • Yellowstone Quake (Hockey)

Wyoming Sports Betting Tips

Have knowledge of sports

Before you start betting, ensure you know all aspects of the sports you want to bet on. This is a great way for you to analyze these aspects and determine if you will win or lose your wager.

Have strong discipline

It is important to come up with a detailed plan before you start betting. Once you have a plan, you should then practice your discipline so that you can remain focused on the long-term goal. When you have strong discipline, you will be able to utilize it in areas such as staking plans, money management, and the plan of attack. You will also be able to control your emotions, which is very essential in sports betting.

Ensure you understand a bet’s value

Amateur bettors have the tendency to just pick a winner based on factors such as that is their favorite team. However, if you want to win more bets, you must look at a bet’s value and determine if it is worth the risk. You should look for wagers that have a high value. In addition, an ideal wager is one that has a big potential for payout with a small risk. The goal here is not to risk a lot of cash for a small return.

Wyoming Sports Betting Tax Rates

Sports betting revenue in Wyoming is normally taxed at 10% on gross proceeds. The rate is high because mobile operators don’t have to worry about maintaining physical locations and having to allocate expensive expenditures. The initial $300,000 annually usually goes to minimizing gambling addiction through gambling addiction treatment.

Is DraftKings Sports Betting Legal in Wyoming?

Yes. DraftKings was the first app to go live in Wyoming. The Wyoming Gaming Commission granted the app approval on the launch day. The sportsbook allows you to pick from the many contests across a variety of standard sports and esports contests. Since the entry fee ranges from $1 to over $5000, you will always find something running. In case you are having any issues when placing a wager, you can contact the dedicated customer support team, who are helpful and knowledgeable.

Is FanDuel Sports Betting Legal in Wyoming?

Yes. The sportsbook was approved in November 2021, but bettors had to wait for its arrival in March 2022. FanDuel is legal in the state for both sports betting and daily fantasy. The sportsbook offers contests across an entire range of sports where Wyoming users win real money. You can access a wide range of casino games from your FanDuel account as well. You can choose top gaming options such as premium slots and realistic games.

Wyoming Sports Teams

  • NCAA Division I

  • Wyoming Cowboys & Cowgirls (Football)

Latest Wyoming Sports Betting News

  • Caesars Sportsbook became legal in the state.

  • The Wyoming Gaming Commission reported a handle of $7.2 million in July. Sportsbooks generated a total of $680,740 in sports betting revenue.

  • As the sports betting market continues to grow in the state of Wyoming, more sportsbooks are being welcomed. This has seen the launch of BET365.

  • Wyoming was slipped by Air Force, which is an underdog to advance to 3-1 on the season. The team’s next matchup will be at No.19 BYU.