Wyoming sports betting on track for September start with rule postponement
A design by Wyoming Sports betting rules for public comment extended Tuesday.
The Wyoming Gaming Commission rolled through its fifth draft of sports betting rules with relatively little discussion and approved the rules for submission to Governor Mark Gordon. The design then bears a 45-day public comment period before commission addresses any other sports betting rule changes in Wyoming.
“We appreciate the hard work everyone has done here. We are still on track for the September 1 deadline, “said Wyoming Gaming Commission Executive Director Charles Moore said.
Moore was non-binding on the question of when license applications would be accepted. Once the state comes into being, it will join Tennessee as a mobile-only jurisdiction in different countries US Sports betting.
Smooth rulemaking process in Wyoming
Moore said the rules stemmed from a variety of other legal markets, including Colorado, Tennessee, Michigan and Iowa.
Several major sports betting providers were also involved throughout the process, including BetMGM, Draft kings and FanDuel. Other operators like Superbook, Golden entertainment and Cowboy skill games participated in stakeholder meetings.
The original framework and involvement of sports betting kept the meetings light and the changes mostly focused on language changes and small technical clarifications.
Stay on track in Wyoming
Wyoming’s passage of sports betting legislation this year came as a bit of a surprise. The MPs initially voted HB 133before they reconsidered and insisted, 32-4, one day later March 10th. The Senate then decided 24-5, on March 29th.
Governor Mark Gordon put the law into effect April 5th.
Moore agreed to the expedited schedule to finalize the rules up September 1 during the legislative process. Now the Gambling Commission remains on track to draft the rules in a timely manner. It remains to be seen when operators can apply for licenses and actually start.
All online sports betting in Wyoming
The Commission “will issue no fewer than five licenses to sports betting operators”.
These operators pay $ 100,000 for an initial 5-year permit and a $ 50,000 Renewal fee. The state levies a 10% Sports betting income tax.
If the population is less than 600,000, Wyoming is the smallest state in the country. Still, early estimates by the Gambling Commission suggested the state could almost produce $ 450 million for annual bets.