Online sportsbook FanDuel now live in Wyoming

On Thursday, the company announced that it had commenced online sports betting operations in the state after receiving its license from the Wyoming Pari-Mutuel Commission in November. The brand started accepting bets at 7 am MT, according to the operator.

FanDuel Sportsbook WY is available for IOS and Android smartphones, and bettors can also access the platform via their desktop browsers at wy.sportsbook.fanduel.com. The platform is offering players a wide variety of pre-game and in-play betting options on both professional and college sports events. Some of the available sports markets include basketball, football, hockey, baseball, boxing, tennis, MMA, soccer, and golf.

The FanDuel app also provides players in the Equality State with a huge selection of payment methods as well as an array of responsible play tools such as deposit limit, wager limit, time limit, maximum wager size limit, time out, and self-exclusion.

The WY launch brings the number of states in which FanDuel has an online presence to 15. The company also offers online and mobile sports betting in the united states of Arizona, Connecticut, Iowa, Indiana, Illinois, Colorado, New Jersey, Pennsylvania, Michigan, Virginia, New York, Louisiana, Tennessee, and West Virginia.

FanDuel becomes third mobile sportsbook to launch in WY

The new FanDuel Sportsbook app is the third mobile betting option available to bettors in WY.

Equality State rolled out its regulated sports wagering industry on September 1 with the launch of DraftKings and BetMGM online sportsbooks. Like Tennessee, Wyoming’s market is fully mobile since the jurisdiction does not have commercial casinos.

In addition to the three apps, the Wyoming Pari-Mutuel Commission has also approved PointsBet for operations in the state. The Australian operator received the green light from the regulator on February 3, although it has not announced when it will introduce its offering to bettors in the state.

A fifth sportsbook, Barstool, is also looking forward to joining the growing list of approved operators in the state soon. Barstool, which is owned by Penn National Gaming, is one of the fastest-growing online sportsbook and iGaming brands in the country.

WY sports betting handle continues to grow

Wyoming’s two active sportsbooks, DraftKings and BetMGM, took in $14.0 million in bets for the month of January, according to the latest revenue report published by the state regulator. The figure, which is the highest for the state since the launch of the regulated industry on September 1, shows a month-on-month growth of 13.8% when compared to the $12.3 million posted in December 2021.

When it comes to gross revenue, licensees held $1.1 million during the month, indicating a win rate of 7.86%. January’s gross revenue was 35.1% higher than the $813,504 reported in December. The taxable revenue for the month, however, dropped to $465,651 after licensees deducted the amount spent on promotional credits from the gross revenue. 10% of the net wins or $46,565.20 went to the state’s coffers.

As of January 31, the legal WY sports betting industry has generated $54.2 million in bets, while the gross revenue posted by the two active sportsbooks during the period tallies $5.1 million. The tax revenue generated by the market during the five months of operation is $158,478.