Wyoming expands gaming options with online sports betting and charitable gaming oversight

During the recent city council meeting in Laramie, Wyoming, discussions centered on the regulation and financial impact of gaming terminals and online sports wagering in the region. The meeting highlighted the current landscape of gaming in Wyoming, which includes a variety of gaming options available across the state.

The council noted that there are currently 366 locations with gaming terminals, totaling 1,320 machines spread across all 23 counties and 99 municipalities. Unlike parimutuel wagering, which requires voter approval, these terminals can be placed in various locations without such restrictions. The regulations stipulate a maximum payout of $3,000 and a limit of four terminals per location, ensuring a controlled environment for gaming activities.

Charitable gaming was another key topic, with the council emphasizing the importance of licensing for events such as bingo and pull tabs. The licensing process is free, aimed at ensuring that operators comply with legal standards. The council also addressed illegal gaming operations, referencing past seizures of unauthorized machines that were found operating in makeshift venues.

Online sports wagering, authorized in 2021, was discussed as a growing segment of the gaming industry. This form of betting is exclusively conducted online through personal devices, with no physical sportsbooks allowed in Laramie. The council highlighted that online operators are subject to a 10% tax on their revenue, with a portion of these funds allocated to the Department of Health for addressing problem gaming.

Financially, the city of Laramie has benefited from gaming revenues, receiving approximately $1.2 million in tax revenue over the past decade. The council noted that while the newest gaming location has yet to contribute to these revenues, the overall growth in terminals indicates a robust gaming environment.

As Laramie continues to navigate the complexities of gaming regulation, the council's discussions reflect a commitment to balancing economic benefits with responsible gaming practices. Future meetings will likely address the ongoing developments in this sector, particularly as new locations and technologies emerge.