It’s been just about three weeks since Gov. Tony Evers signed the law that will make Wisconsin the second state in the U.S. to legalize online sports betting under the Indian Gaming Regulatory Act (IGRA) framework. It is the first state in which this model will be tested in a competitive market.
Under an IGRA model, tribal partners are required to pay 60% of revenue to Indian Country. Florida is the only other state currently operating online sports betting under an IGRA model, and no commercial operator other than the Seminole Tribe’s Hard Rock Bet is live in the state. Under their agreement with the state, the Seminoles provide it a revenue share of $250 million per year for all gaming.
