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Wyoming is now the latest in a growing list of states looking to pull in more revenue from the gambling sector. Lawmakers are reviewing a set of tax increases that would affect online sportsbooks, skill games, and historical horse racing operations.
The proposals were introduced during a recent meeting of the Select Committee on Capital Financing and Investments. These changes are being driven by a belief that gambling operators have long benefited from limited oversight and low tax rates.
Good to know
Wyoming’s tax proposal lines up with what is already happening in Illinois, Louisiana, and Maryland. In Illinois, lawmakers approved a tiered fee structure that now charges operators a $0.25 tax on each of the first 20 million wagers annually, then increases to $0.50 per bet after that. Operators like FanDuel and DraftKings plan to pass this cost to bettors by adding a $0.50 fee to every wager in the state.
Louisiana increased its sports betting tax from 15% to 21.5%, while Maryland now applies a 20% rate, up from 15%.
State Senator Tara Nethercott, who chairs the committee behind the Wyoming tax proposal, made it clear she wants operators to contribute more. She said, “I think the state of Wyoming has been quite generous to the players in this space. Giving them almost exclusive access to the market, in a proliferated rate — having infiltrated every block of all our communities.”
She also pointed out that the state has kept regulations “modest” and oversight “little,” but now wants revenue collections to catch up to the size and spread of the gambling industry across Wyoming.
Wyoming’s sportsbooks launched in September 2021. Since then, the state has brought in $3.8 million from online betting tax collections. In 2024 alone, the state received close to $25 million from 16 gambling vendors operating across different formats.