Wyoming Sports Betting Taxes Jump 40% Despite Handle Drop

Written By:

Michael Molter

Published On:

October 22, 2026 1:41 PM

Wyoming Sports Betting Taxes Jump 40% Despite Handle Drop
  • Wyoming sportsbooks took $23.4 million in bets in September, down 14.2%, but taxes climbed 40.2% to $146,687.
  • Promotional payouts fell 32.4%, leaving more revenue to tax.
  • DraftKings’ $4.7 million drop was larger than the state’s entire decline.

CASPER, Wyo. – Wyoming bettors wagered less in September, but the state collected 40% more from them. The Wyoming Gaming Commission’s September wagering activity report shows online sportsbooks took $23.4 million in bets, down 14.2% from September 2025. Yet taxes climbed 40.2% to $146,687.

The difference came from promotions.

Sportsbooks cut non-cash payouts like free bets 32.4%, from $1.16 million to $780,786. That left $1.47 million in taxable revenue, up from $1.05 million, with Wyoming sports betting taxed at 10%. Gross gaming revenue also rose 5.6% to $2.45 million as hold climbed from 8.5% to 10.5%.

The handle drop comes with an asterisk, as the NFL calendar gave September three Sundays compared to four last year. Still, September was up 49% from August and was Wyoming’s second-best month of 2026 behind March.

DraftKings accounts for the entire decline. Its bets fell 29.8% from $15.8 million to $11.1 million, a $4.7 million drop that’s larger than the state’s $3.9 million slide. Its market share fell from 57.8% to 47.3%, while the rest of the market grew by $808,000 combined:

  • FanDuel: $6.5 million (+7.9%)
  • BetMGM: $3.1 million (-4.7%)
  • Fanatics: $1.8 million (+13.1%)
  • Caesars: $903,344 (+42.2%)

Even with fewer bets, DraftKings’ revenue held at $1.32 million, and FanDuel nearly doubled its tax payment to $30,180. Fanatics, meanwhile, paid just $279 in taxes on $1.8 million in bets after deductions cut its taxable revenue to $2,786.

Through nine months, legal sports betting in Wyoming is up 9% to $177.4 million. But it’s still a small piece of the state’s gaming market, as historic horse racing machines took $240 million in September alone – more than 10 times what was bet on sports. Even with fewer bets, DraftKings’ revenue held at $1.32 million, and FanDuel nearly doubled its tax payment to $30,180. Fanatics, meanwhile, paid just $279 in taxes on $1.8 million in

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Ben Fiore

Michael Molter

Michael Molter has worked with LegalSportsBetting since 2018 starting as a content writer. Now the Director of Content, his work analyzes how laws, licensing, and compliance directly impact bettors and operators across jurisdictions. His research has been cited by NASDAQ, Research Gate, and PokerNews, as well as in academic reports from Villanova, Seton Hall, and Fairleigh Dickinson University.