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JACKSON, WY — Wyoming ran through more than $272 million in gambling activity in July, and if you assumed that was mostly people betting on baseball, you assumed wrong.
The real money in this state doesn’t come from an app on your phone. It comes from machines that look like slots, act like slots, but legally aren’t slots.
The Wyoming Gaming Commission’s July report put total statewide wagering at $272,159,317, spread across historic horse racing, online sportsbooks, live and simulcast racing, and skill-based amusement games.
That’s an 8.2% jump from last June, when the state landed around $251.6 million — a number we covered here when the headline was sports betting cooling off. Sports betting is still not the story. It was never really the story.
| Category | July activity |
|---|---|
| Historic horse racing | $249,356,716 |
| Online sports wagering | $16,944,822 |
| Skill-based amusement games | $2,629,499 |
| Live horse racing | $2,229,568 |
| Simulcast racing | $548,812 |
| Advanced deposit wagering | $449,900 |
| Total | $272,159,317 |
Historic horse racing (HHR) machines pulled in $249.4 million in July. That’s almost 92% of everything wagered in the state.
If you’ve never played one, here’s the plain-English version: they look and feel like a slot machine, but the outcome is tied to a previously run horse race instead of a random number generator. In plain English: it’s a legal workaround that lets Wyoming have casino-style gaming without technically having casinos.
Wyoming Horse Racing led the pack with $119.6 million handled through its terminals in July, followed by Wyoming Downs at $73.2 million and 307 Horse Racing at $56.5 million.
The category threw off roughly $22.7 million in takeout. Of that, $623,392 went to the state, another $623,392 went to the Legislative Stabilization Reserve Account, and nearly $2.5 million combined landed with counties and cities.
Wyoming doesn’t have an income tax. It leans on things like this — and on property tax fights that never really end — to keep the lights on. HHR terminals are quietly doing some of that lifting.
Wyoming’s five licensed online sportsbooks took in $16,944,822 in July — basically flat from June’s $16.9 million.
DraftKings is not close to a fair fight here.
| Sportsbook | July wagers | Gross gaming revenue |
|---|---|---|
| DraftKings | $8,800,813 | $1,325,296 |
| FanDuel | $3,845,288 | $506,321 |
| BetMGM | $2,455,003 | $440,024 |
| Fanatics | $980,072 | $112,370 |
| Caesars | $863,646 | $45,086 |
| Total | $16,944,822 | $2,429,096 |
DraftKings alone took roughly 52% of every dollar wagered online in Wyoming during July. It also generated more than half the state’s sports betting tax revenue — about $102,491 of the $184,087 total owed for the month.
Caesars, by comparison, generated $45,086 in gross gaming revenue and owed the state $900 in taxes. Not exactly a rival operation.
Sportsbooks paid out roughly $14.5 million in cash and another $437,805 in non-cash payouts. Net taxable revenue for the month came to $1.84 million.
Jackson doesn’t have an HHR parlor or a sportsbook lounge on the Town Square, but the money still touches this valley. State distributions from gaming revenue flow into the same general fund that pays for the roads Teton County residents drive, the emergency services they call, and the schools their kids attend.
It’s also a useful reminder of what actually funds Wyoming, versus what gets the headlines. This is the same state whose population is growing faster than its neighbors partly because there’s no income tax to speak of, and whose tourism economy just set an all-time airport record the same month gaming activity climbed. None of that happens by accident. Wyoming runs a lean budget, and a chunk of what fills the gap comes through machines most residents have never touched.
Every month this data comes out, the sportsbook numbers get the attention, because DraftKings and FanDuel are brands people recognize from their phones.
But the numbers keep saying the same thing. Historic horse racing terminals are doing roughly nine times the volume of every online sportsbook in Wyoming combined.
Seven months into 2026, the state has run through $1.83 billion in total wagering activity — $1.66 billion of it through HHR machines alone. Online sports wagering, over the same stretch, has generated $138.2 million.
If you’re trying to understand how Wyoming actually funds itself without an income tax, stop watching the app on your phone. Watch the machines at the tracks instead.
AntlersArch founder and the voice behind Teton Tattle.