BetMGM and DraftKings set to release live in Wyoming
BetMGM and DraftKings were the first digital sports betting platforms to go live in Wyoming today after obtaining approval from the Wyoming Gaming Commission at a special meeting. The regulator announced after the meeting that the platforms could be launched after the end of the meeting, around 2:00 p.m. MT, and both launched before 5:00 p.m. local time.
The launch will be the second in a new market – Michigan and Virginia launched retail betting in 2020 and digital in January 2021 – this year. Two North Carolina tribes began accepting the first sportsbook in that state in March.
Wyoming is one of a handful of states that have struggled to kick off the start of the NFL season on September 9 at the latest. Arizona regulators set a September 9 launch date and announced last week that they had approved 18 operators, and South Dakota is expected to launch retail betting within the next week. Regulators in Connecticut, Florida, Louisiana and Washington state all hope to launch operators before the end of the year. Nine states currently have legal sports betting, but not live.
More operators to come
Earlier this year, legal sports betting appeared to be dead in Wyoming until lawmakers turned around, making it the second state in the Union to legalize digital-only betting. Tennessee was the first. Wyoming’s open and competitive market is modeled after neighboring Colorado, Iowa, Michigan and Tennessee, and lawmakers have required at least five platforms to be operational. The WGC said Sport grip earlier this summer that it sparked the interest of several operators, but so far only BetMGM and DraftKings are far enough along to be approved.
“We are delighted that BetMGM is one of the first mobile sports betting platforms to launch in Wyoming, just in time for the start of the football season,” BetMGM CEO Adam Greenblatt said via a statement. Press. “Wyoming is an important state for us as we continue to expand BetMGM’s presence in the West. We are confident their sports fans will enjoy the BetMGM experience.
DraftKings is running several promotions around the Wyoming launch, including two Double Your Money opportunities, one on the Colorado Rockies getting a hit and another for the University of Wyoming Cowboys scoring a point in their game. opening at home on September 4.
DraftKings also hosts a pool of free earth-themed games for Wyoming customers. The company had committed to planting a million trees by Earth Day next year, and each entry equals one tree planted.
“We are thrilled that sports bettors in Wyoming have the opportunity to experience the highly accessible and immersive fan experience and the best consumer protections our product offers to millions of skin-in-the-game sports fans. “, co-founder and president of DraftKings Matt Kalish said via a press release.
Other operators who have attended the stakeholder meetings and may submit nominations include FanDuel, Penn National Gaming / Barstool Sportsbook, PointsBet and SuperBook Sports. All four, in addition to BetMGM and DraftKings, are also live in Colorado.
Operators paid an initial license fee of $ 100,000 (valid for five years) and will then pay an annual renewal of $ 50,000 to operate in the state. Operators will be taxed at 10% of gross gaming revenue, and consumers will be able to bet on professional, university and amateur sports.
New law requires sports betting to be live to September 1, leaving the regulator and operators just hours after the meeting to “flip the switch” to meet the deadline.
With a population of just under 600,000, Wyoming is the smallest state in the country and therefore the smallest to legalize sports betting. The next smaller states with live sports betting are Delaware, Rhode Island, and Montana. Wyoming does not have professional sports teams.