Wyoming’s sports betting revenue jumped by 31% in June to $14.3 million. Wyoming’s modest sports betting market, characterized by low wagering volume but strong operator margins, has generated $479,230 in tax revenue from January through April 2025.

Bettors placed just $78.9 million in total wagers, yet the state collected 10% of the $7.94 million in gross gaming revenue (GGR).

The contrast is stark: Wyoming’s operator-side hold remains high at 10.07%, but the limited population and small bettor base mean that even strong margins translate into comparatively small tax yields.

Wyoming allows mobile wagering through six licensed operators: BetMGM, Caesars Sportsbook, DraftKings, ESPN BET, Fanatics Sportsbook, and FanDuel. There are no retail sportsbooks, making it a streamlined but tightly regulated mobile-only market.

Operator hold rates have consistently exceeded 10%, with March as an outlier due to seasonal dips. This strong margin performance kept the market afloat despite low betting volume.