Bettors in Wyoming wagered $21.2 million (£16.9 million/€19.5 million) on online sports betting in October, the highest monthly amount since the Equality State opened its legal market, while also increasing revenue reached an all-time high.

The October total exceeds the previous record of $19.2 million set in Wyoming in September of this year. It was also 23.4% higher than October last year.

Gross gaming revenue for the month was $2.3 million, another new record for the state. That’s 15.0% more than last year and 53.3% more than $1.5 million in September 2023.

There was also an all-time monthly high in taxable gaming revenue of $1.4 million. This was up 21.7% from October 2022 and up 172.6% from $517,523 in September.

Wyoming gamblers won a total of $19.0 million on online sports betting, while the tax hit a record $141,087.

DraftKings led the market with revenue of $1.4 million from $12.5 million. FanDuel ranked second in Wyoming with $402,961 in revenue and $4.9 million in profits.

Meanwhile, BetMGM generated $378,344 in revenue from $3.5 million in online sports betting. Caesars rounded out the market with sales of $73,028 and sales of $378,622.

Fanatics want to join the Wyoming market

Fanatics Betting and Gaming (FBG) will soon be joining the pack in Wyoming after taking control of PointsBet US in the state. Ownership of PointsBet Wyoming LLC has been transferred to the FBG division of sports retail giant Fanatics.

Fanatics’ FBG arm struck a deal to acquire Fanatics’ U.S. operations earlier this year. The purchase price of $225.0m (£186.3m/€214.9m) was agreed in June 2023 and PointsBet shareholders approved the deal shortly afterwards.

The transfer of further operations in the US states to FBG will take place as soon as the approvals in the individual states are received. According to PointsBet, further completion in this market is proceeding as planned.

FBG also launched its online sports betting in Virginia this week, marking the latest phase of its acquisition of PointsBet US.