Wyoming Sports Betting Bill Continues in Second Life
Wyoming Sports betting got a second wind last week.
State representatives originally voted against HB 133 on 9th March, To fail 32-28. The next day a request for re-examination was passed by the same 32-28 Vote and the bill received approval by the same count.
The original no came because of concerns that the state’s tribes weren’t considered, according to the law’s co-sponsor. Rep. Landon Brown:
“I have asked Rep. Clifford and the entire Democratic caucus to re-examine as we strive to ensure their concerns are raised in the Senate,” Brown said. “They agreed and we let the entire democratic caucus cast their votes because they saw the value of this law becoming law. It’s all on my word that we work with the tribes to make sure their voices are heard. “
The calculation goes on to Senate Budget Committee.
What’s on the Wyoming Sports Betting Bill?
HB 133 legalizes online sports betting in Wyoming for people of old age 18th and up. The Wyoming Gaming Commission would regulate the practice that might start July 1.
Online sports betting providers operating in at least three other states could enter the Wyoming market. There would be $ 100,000 new approval fee with a $ 50,000 Renewal fee. The proposed 10% The tax rate goes to the state’s general fund, with a portion earmarked for county health programs.
“It certainly won’t solve all of the problems we see in the mineral industry,” said the co-sponsor Sen. Jeff Wasserburger told the Wyoming Tribune Eagle in February about potential gaming revenue. “But it will help a little.”
The Gaming Commission estimates that Wyoming’s sports betting market could do more than that $ 449 million.
A second attempt in two years
Bill sponsor MP Tom Walters carried out a similar calculation in 2020what didn’t make it through its third reading.
This year’s trial proposed a lower tax rate than last year 16%, but a much higher license fee.
“[Opponents] I felt that providing some form of regulation made it legal, ”said Walters LSR last year. “I disagree a little when I say it’s not illegal, but it works in an underground world because we don’t have a legal framework. Without a regulatory framework, it will still not be monitored. “
After re-election in November, Walters made good on his commitment to yet another sports betting push.
Nearby states with legal sports betting
Several of Wyoming’s neighbors are open sports betting markets.
To the south, Colorado is a remarkable market that a $ 326.9 million treat in February. North, Montana legalized mobile betting by the Montana lottery, with mediocre results to date.
South Dakota ended the legislation to legalize sports betting in the City of Deadwood after voters approved it in November.