Wyoming Poised to Legalize iGaming in 2025 as Study Shows Revenue Potential

Wyoming Poised to Legalize iGaming in 2025 as Study Shows Revenue Potential

By Michael Davidson

December 3, 2024 at 02:28 AM

Wyoming could become the next state to legalize online casino gaming, with Representative Robert Davis (R-District 47) planning to reintroduce iGaming legislation in 2025. This move follows a promising gaming expansion study by the Wyoming Gaming Commission (WGC) and Spectrum Gaming.

The study revealed that online casinos would significantly benefit state revenue without negatively impacting existing gambling operations. Davis's previous attempt through House Bill 0120 failed, but the new legislation would include provisions for tribal gaming operators to participate in the online casino market.

Current State of iGaming in the US:

  • Only 7 states currently allow online casinos: Connecticut, Delaware, Michigan, New Jersey, Pennsylvania, Rhode Island, and West Virginia
  • Wyoming would join as one of the smallest states by population to legalize iGaming
  • Industry experts anticipate more active state-level iGaming legislation in 2025

Projected Revenue Impact:

  • First year estimates: $93 million to $138 million in total activity
  • Fifth year projections: $162 million to $199 million
  • State revenue potential: $20-30 million in year one, up to $40 million by year five

The Wyoming legislative session begins January 14, 2025. Despite being a small state, Wyoming's potential adoption of iGaming could create momentum for broader national expansion, particularly as states seek new revenue sources.

While tribal gaming leaders have expressed some concerns, the proposed legislation aims to address these by including tribal participation opportunities. This development comes as Wyoming maintains a strong budget surplus but relies heavily on mineral rights, property taxes, and energy generation for revenue.

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