Wyoming Sets Sights on iGaming Legalization for 2025

Wyoming Sets Sights on iGaming Legalization for 2025

By Michael Harrison

December 3, 2024 at 02:28 AM

Wyoming State Rep. Robert Davis (R-District 47) plans to reintroduce iGaming legislation in 2025, following a promising gaming expansion study by the Wyoming Gaming Commission (WGC) and Spectrum Gaming.

The study reveals that online casinos would significantly benefit state revenue without negatively impacting existing gambling operations. Davis's previous attempt through House Bill 0120 included provisions for tribal operator participation but didn't succeed.

Currently, only seven states permit internet casinos: Connecticut, Delaware, Michigan, New Jersey, Pennsylvania, Rhode Island, and West Virginia. Despite Wyoming's small population, its potential adoption of iGaming could signal broader momentum for online casino legislation nationwide.

Key Financial Projections:

  • First-year gaming activity: $93 million to $138 million
  • Fifth-year gaming activity: $162 million to $199 million
  • Expected state revenue: $20-30 million (first year)
  • Projected state revenue: Up to $40 million (fifth year)

The timing is strategic, as Wyoming's tax structure relies heavily on mineral rights, property taxes, consumption taxes, and energy generation levies. While the state reported a budget surplus in fiscal 2024, diversifying revenue sources through iGaming could provide additional fiscal stability.

The 2025 legislative session begins January 14, with industry executives anticipating increased state-level iGaming legislation activity throughout the year.

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