Sports betting operators in Wyoming generated $954,416 in gross revenue during the first month of legal betting in the state – but net revenue was negative.
While gross revenue was almost $1m, net sports wagering proceeds – after promotional spending is included – were negative. Operators lost $123,969 in net wagering proceeds.
This revenue figure came as players wagered a total of $6.4m during the month. Football was by far the most popular sports for betting, bringing in gross revenue of $512,885 on $3.6m worth of bets. Parlay bets totaled $1.1m and produced revenue of $233,498.
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