Wyoming Online Sports Betting Sets New Record with $21.2M Handle in October

Wyoming’s online sports betting market has shattered all expectations, setting an unprecedented record in October. With a staggering handle of $21.2 million, surpassing the previous high of $19.2 million in September, and a remarkable revenue of $2.3 million, the state’s gambling scene is on fire. Join us as we delve into the astounding success of Wyoming’s online sports betting, where players are cashing in on their passion like never before.

The online sports betting landscape in Wyoming is experiencing a meteoric rise, rewriting the record books with each passing month. October has emerged as a standout moment in the state’s gambling history, as the online sports betting handle soared to an astonishing $21.2 million. This figure not only shattered previous records but also demonstrated a remarkable 23.4% surge from the same month last year.

The financial success story continued with revenue reaching an all-time high of $2.3 million, marking a 15% increase compared to October of the previous year. Moreover, the month-on-month comparison revealed a staggering 53.3% growth, highlighting the incredible momentum of Wyoming’s online sports betting industry. Taxable gaming revenue contributed significantly, with an impressive $1.4 million, signifying a remarkable 21.7% upswing from October 2022 and an astonishing 172.6% surge from September 2023.

The beneficiaries of this thriving market include prominent operators who have been instrumental in driving these remarkable numbers. DraftKings emerged as a dominant force, raking in $1.4 million in revenue from an impressive $12.5 million in bets. FanDuel, another industry giant, registered a notable revenue of $402,961, supported by a substantial $4.9 million handle. BetMGM maintained a strong presence, reporting $378,344 in revenue derived from $3.5 million in bets, while Caesars also made its mark with $73,028 in revenue generated from $378,622.

Notably, this surge in online sports betting success comes amid industry-wide developments. In October, Fanatics Betting and Gaming (FBG), a subsidiary of Fanatics Holdings, successfully completed its acquisition of PointsBet’s operations in New York and Wyoming, following regulatory approvals. This strategic move builds on Fanatics’ prior acquisition of PointsBet USA in eight states, including Colorado, Iowa, Kansas, Maryland, New Jersey, Pennsylvania, Virginia, and West Virginia.

The $150 million deal, initiated in May, enabled Fanatics to acquire PointsBet’s US business, signaling a dynamic shift in the sports betting landscape. As more states embrace this transformation, customers can anticipate the rebranding of PointsBet to “PointsBet, a Fanatics Experience,” as the Fanatics Betting and Gaming empire expands its footprint.

Wyoming’s online sports betting scene has undoubtedly embraced a remarkable trajectory of growth and achievement, with October’s record-breaking handle and revenue figures only serving as a testament to the industry’s boundless potential. As the state’s gambling landscape continues to evolve, it stands as a beacon of success in the broader narrative of the thriving US sports betting industry.