Wyoming's December Online Sports Betting Handle Exceeds $19 Million

Quick Intro

Wyoming’s online sportsbooks rebounded in December, achieving a handle of $19 million and $1.9 million in revenue, indicating a significant recovery from a weaker November. This upturn represents one of the strongest performances in the last six months, with a month-on-month increase in both handle and revenue.

Notable Growth Across Most Online Sportsbooks

In December, three out of four of Wyoming’s online sportsbooks witnessed an increase in handle:

  • FanDuel: Increased by 15.8% to $4.1 million.
  • BetMGM: Grew by 12.93% to $3.1 million.
  • Caesars: Surged by 50.58% to $803,768.

DraftKings, however, experienced a decline of 15.79%, dropping from $12 million to $11 million in handle.

The revenue figures were also positive, with online gambling revenue in Wyoming totaling $1.8 million, a rise of 18.36% compared to November. DraftKings saw a significant revenue increase of over $400,000, while FanDuel’s revenue grew by about $220,000, a 41% increase from November.

As per the Wyoming Gaming Commission’s latest report, the state’s online sportsbook handle rose by 2.6% and revenue increased by 15.5% on a month-on-month basis.

Impressive End-of-Year Performance for Wyoming Sports Betting

Looking at the past six months, Wyoming’s sports betting performance has been robust, especially during the lucrative sportsbook season. The commencement of NFL and NCAA men’s football seasons in September provided a significant boost, leading to an over 84% increase in handle. October saw the highest sports betting handle and revenue since July.

While December’s numbers didn’t surpass October’s peak, they still demonstrated strength, with the third-highest handle and second-highest revenue since July.

Final Thoughts

Wyoming’s December sports betting results showcase a strong recovery and overall growth in the sector. The end-of-year surge, driven by major sporting events, underscores the state’s expanding online sports betting market, positioning Wyoming for continued success in this arena.