Wyoming Study: Legal iGaming Could Generate $140 Million Without Harming Local Casinos
A new study from Spectrum Gaming Group reveals that Wyoming could significantly benefit from legalizing iGaming, with minimal impact on existing casino operations.
The report, commissioned by the Wyoming Gaming Commission, projects potential annual gross gaming revenue between $93.4 million and $138.4 million if iGaming is legalized in 2024. At a 20% tax rate, this could generate $18.6 million to $27.6 million in annual tax revenue for the state.
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Key findings from the study:
- Wyoming currently operates online sports betting with five operators and hosts three Native American casinos
- The analysis examined data from eight states with legalized iGaming
- Evidence suggests iGaming would not significantly impact existing casino operations
- West Virginia's experience shows iGaming revenue has been additive rather than cannibalizing existing gaming sectors
The study also recommends standardizing the legal gambling age to 21 across all forms of gaming in Wyoming, including historical horse racing and online sports betting, to match current skill-based amusement game requirements.
Wyoming's current gaming landscape includes legal online sports betting, which was established on April 5, 2021, through HB 0133 signed by Governor Mark Gordon.