Wyoming lawmakers moved Thursday to capture a larger portion of some gambling revenue after learning current taxation on online sports wagering is lower than in other states.
Online wagering activity over the past five years totaled $629.7 million, but the state received $3.8 million of it through tax, according to the Legislative Service Office. Wyoming currently taxes online sports wagering revenue at 10%.
The first $300,000 of that tax each year goes toward the Wyoming Department of Health to distribute to counties to address problem gambling. The rest is deposited into the state’s main spending account, known as the general fund.
However, during the Legislature’s Select Committee on Capital Financing and Investments meeting in Cheyenne, Legislative Service Office associate fiscal analyst Karen Vaughn said the average tax on online sports wagering in other states is 19%.
