Sports betting bill for Wyoming passes onto Senate for approval

Sports betting bill for Wyoming passes onto Senate for approval

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Posted by: AffPapa
Wyoming

Wyoming’s bill that was issued to legalise online sports betting throughout the entire state has proceeded past the House of Representatives and passed onto the Senate, despite the fact that it was voted down at first.

The bill is the House Bill 0133, and it will be allowing online sports wagering in Wyoming. It was initially refused in last week’s vote at 32-28, however it ended up passing on the second try, which also resulted in a 32-28 vote. Rep. Tom Walters is the one to introduce the bill.

Furthermore, the act describes the limits and boundaries in which the sports wagering licences will be handed out to operators and vendors in Wyoming. The state’s Gambling Commission is the one who will be in charge of betting regulation, and will be providing permits and certification to vendors who ‘currently operate in good standing’ in over three jurisdictions in the country, and after making sure they have paid all the relevant fees.

The permits for sports betting operators will cost USD $100,000 at first, and are valid for a period of five years, and renewal costs will be $50,000 afterwards. All operators will be required to pay 10% in tax of the revenue they generate from online sports betting operations. Wyoming actually introduced a bill similar to this one in 2020, but it was rejected after a 32-27 vote.