In 2023, Wyoming’s sports betting scene hit a whopping $172.2 million in total bets, marking a stellar 19% growth compared to the year before 📈.
December alone saw a 26% surge in sports wagers, reaching an impressive $19.0 million. Leading the charge, DraftKings snagged a dominant 58% market share with $11.0 million in bets 💰.
Trailing behind, FanDuel clinched the second spot, gathering $4.1 million in sports wagers and securing a 22% slice of the market pie 🥈.
BetMGM wasn’t far behind with a monthly handle of $3.1 million, while Caesars trailed with $803,768 in bets.
The gross win for Wyoming in December showed a modest 3% increase, climbing to $1.9 million. The profit margin stood at 9.7%, slightly lower than 2022’s 12.0% 📊.
In the earnings race, DraftKings was the clear winner, pocketing $1.3 million, which is a whopping 69% of the state’s total gross win for December. FanDuel followed with 29% of the earnings, totaling $539,403.
🔹 WYOMING SPORTS BETTING SUMMARY: DECEMBER 2023 ($)
| Operator | Handle | Gross Win |
|---|---|---|
| DraftKings | $11,013,078 | $1,269,320 |
| FanDuel | $4,108,029 | $539,403 |
| BetMGM | $3,098,858 | $35,398 |
| Caesars | $803,768 | $5,503 |
| TOTAL | $19,023,734 | $1,849,624 |
December’s adjusted taxable revenue reached $1.3 million, with DraftKings contributing a lion’s share of $980,073 and FanDuel adding $418,413. Both BetMGM and Caesars reported negative taxable revenue for the month. The state collected $132,683 in sports betting taxes 🏦.
Over the year, Wyoming’s sports betting gross win surged by 17% to an impressive $17.3 million, and the adjusted taxable revenue experienced a 28% hike, topping off at $10.5 million.
