State of the Bet: Wyoming Sports Betting Generated $361K in Tax Revenue Q1 2025

The Q1 2025 numbers are in, and Wyoming’s online sportsbooks are making it rain, just not for the players.

📊 Total Wagers: $63,042,680.46
🎉 Total Payouts (Cash + Non-Cash): $58.9 million
🏦 Gross Gaming Revenue (a.k.a. what the house kept): $6.14 million
📬 Tax Bill to the State: $361,711.45 — enough to fix a few potholes and buy everyone in Cheyenne a round of beer 🍻

Here’s how the big five stacked up:

DraftKings 🏆 took the betting crown with $34M in wagers and $3.1M in gross revenue. They also owe the biggest tax tab at $190K — congrats?
FanDuel pulled in $11M in wagers, cleared $1.7M in gross revenue, and slid $118K to the state coffers.
BetMGM held steady with $13.1M wagered and $941K in gross revenue.
Fanatics may be the new kid, but they snagged nearly $3M in bets.
Caesars logged the lowest handle at just under $2M — someone check if the app is working 📱.

And yes, in case you’re wondering, Wyoming bettors got back around 90% of what they put in, proving once again that the house edge is subtle, steady, and statistically relentless.

💡 Fun Fact: The state made just over half a penny in tax revenue per dollar wagered. So yes, every parlay you blow is really just a public service. 🙃

Stay lucky, Wyoming 🎲