License Name
Online Sports Wagering Operator Permit
- Direct message
- Leave a review
- Bookmark
- Share
- Report
- prev
- next
Issuing Country/Region
United States, State of Wyoming
Regulatory Body
Wyoming Gaming Commission
Types of Regulated Games
Online sports wagering
Market Coverage
Local (State of Wyoming)
Regulator's Reputation
Good
Legal Entity Requirements
Applicant must hold a sports wagering license in at least three other U.S. jurisdictions
Minimum Share Capital
Not specified in verified public sources
Directors and Shareholders Requirements
Disclosure of all persons with control and criminal background checks required
Anti-Money Laundering (AML) Requirements
Written system of internal controls must include AML compliance standards
Data Protection Requirements
Not specified in verified public sources
Reporting Requirements
Not specified in verified public sources
Audit Requirements
Not specified in verified public sources
Software Certification Requirements
Certification, assessment, and security of sports wagering systems required as part of technical standards
RNG Certification
Not applicable (sports betting only)
Payment System Requirements
Not specified in verified public sources
Server Location Requirements
Not specified in verified public sources
Domain Name Requirements
Not specified in verified public sources
Language Support Requirements
Not specified in verified public sources
Currency Support Requirements
USD; cryptocurrencies also permitted
Legal Compliance Costs
$2,500 application fee plus compliance/legal expenses
Background Checks
Criminal history checks for all persons with control and key personnel
License Scope Restrictions
Only online sports wagering; no retail sportsbooks except as permitted for tribal gaming
Jurisdictional Tax Compliance
10% tax on sports wagering revenue
Player Data Storage Requirements
Not specified in verified public sources
Cross-Border Operations
Operations permitted for customers physically located in Wyoming only
License Application Transparency
Disclosure obligations regarding changes in application information
Regulatory Contact Point
Wyoming Gaming Commission
Compliance Officer Requirement
Not specified in verified public sources
Local Partnership Requirements
No specific requirement for partnerships with local entities
Legal Dispute Resolution
Procedures for settling patron disputes set in regulation
License Transferability
Not specified in verified public sources
Sub-Licensing Rules
Not specified in verified public sources
License Cost
$100,000 initial permit fee, valid for five years
Annual Fees
$50,000 renewal fee every five years
Income Taxes
10% tax on sports wagering revenue payable to the state
Player Winnings Taxes
Not specified in verified public sources
Financial Guarantees
Not specified in verified public sources
Liquidity Requirements
Sufficient financial reserves required under rules
Financial Reporting Requirements
Not specified in verified public sources
Application Processing Time
Not specified in verified public sources
Required Documents
Application, disclosure of control persons, fingerprints, records of previous gaming licenses, criminal background checks
Business Plan Requirements
Not specified in verified public sources
Internal Policy Requirements
Must provide a written system of internal controls, including AML policies
Testing Requirements
Certification and assessment of sports wagering systems required
Certification Requirements
Nationally recognized, independent gaming laboratory approval for gaming systems
Staff Qualifications
Key personnel must be approved; background checks required
Physical Office Requirements
Not specified in verified public sources
Local Representative Requirements
Not specified in verified public sources
Marketing Restrictions
Not specified in verified public sources
Responsible Gaming Measures
Portion of tax revenue earmarked for gambling addiction treatment; responsible gaming policies required
Self-Exclusion System
Not specified in verified public sources
Age Verification Procedures
Minimum age set at 18 for online wagering
KYC Procedures
Know Your Customer (KYC) practices required for operators; vendor services may include KYC providers
Customer Support Standards
Not specified in verified public sources
Complaint Handling Procedures
Procedures for resolving player disputes specified in regulations
Player Funds Protection
Not specified in verified public sources
Payout Timelines
Not specified in verified public sources
Bonus and Promotion Regulations
Not specified in verified public sources
Permitted Games List
Approved online sports wagering events, including professional/college sports, Olympics, esports
Betting Limits
Not specified in verified public sources
RTP Requirements
Not applicable (sports betting only)
Jackpot Regulations
Not applicable (sports betting only)
Live Game Requirements
Not applicable (sports betting only)
Mobile App Compliance
Mobile platforms and apps are specifically permitted
Affiliate Program Rules
Not specified in verified public sources
Security Standards
Certification and assessment per technical standards required
Encryption Requirements
Not specified in verified public sources
Backup Requirements
Not specified in verified public sources
Monitoring Systems
Controls for regulatory compliance and fraud required in internal controls
Operation Logging
Not specified in verified public sources
Anti-Fraud Systems
Internal controls must include identification and reporting of fraud
API Integration Standards
Not specified in verified public sources
Hosting Requirements
Not specified in verified public sources
CDN Usage
Not specified in verified public sources
Scalability Requirements
Not specified in verified public sources
Uptime Requirements
Not specified in verified public sources
Technical Support Availability
Not specified in verified public sources
License Duration
5 years
Renewal Procedure
$50,000 fee; same requirements as initial permit
Penalties for Non-Compliance
Permit suspension or revocation, fines as specified by Commission rules
Ownership Change Rules
Ongoing obligation to disclose ownership/control changes
Mergers and Acquisitions Rules
Not specified in verified public sources
Subcontractor Regulations
Sports wagering vendors must be licensed for critical services
Branding Requirements
Not specified in verified public sources
Intellectual Property Protection
Not specified in verified public sources
Dispute Arbitration
Patron dispute resolution procedures provided in regulations
Insurance Requirements
Not specified in verified public sources
Charity Contributions
Not specified in verified public sources
Staff Training Requirements
Not specified in verified public sources
Innovation Support
Cryptocurrencies permitted as deposit method
Sustainability Initiatives
Not specified in verified public sources
Accessibility Standards
Not specified in verified public sources
Multilingual Support
Not specified in verified public sources
Cryptocurrency Support
Yes, deposits and wagers in cryptocurrency allowed
Esports Betting Regulations
Esports betting is permitted
Fantasy Sports Regulations
Not specified in verified public sources
Official Address
Wyoming Gaming Commission, 951 Werner Court, Suite 335, Casper, WY 82601
Postal Address
951 Werner Court, Suite 335, Casper, WY 82601
Fax Number
(307) 265-4279
Online Application Portal
https://gaming.wyo.gov/OSW/osw-permitting
Work Hours
Not specified in verified public sources
Emergency Contact
Not specified in verified public sources
Regional Offices
Not specified in verified public sources
Technical Support
Not specified in verified public sources
Media Contact
Not specified in verified public sources
Departments
Compliance, Licensing & Permitting, Regulatory, Enforcement
FAQ Question 1
What is Online Sports Wagering Operator Permit?
FAQ Answer 1
The Online Sports Wagering Operator Permit is a license by the Wyoming Gaming Commission that authorizes qualified entities to operate and offer online sports betting to customers located within Wyoming
FAQ Question 2
Which jurisdiction issues Online Sports Wagering Operator Permit?
FAQ Answer 2
The State of Wyoming issues this license through the Wyoming Gaming Commission
FAQ Question 3
What is the cost of obtaining Online Sports Wagering Operator Permit?
FAQ Answer 3
The initial permit fee is $100,000 for five years, with a $50,000 renewal fee for each subsequent five-year period
FAQ Question 4
What are the main requirements for Online Sports Wagering Operator Permit?
FAQ Answer 4
Key requirements include licensure in at least three other U.S. jurisdictions, criminal background checks for key personnel, payment of application and permit fees, ongoing disclosure obligations, technical certification of systems, and compliance with internal controls and AML policies