Wyoming Administrative Code
Agency 038 - Wyoming Gaming Commission
Sub-Agency 0002 - Online Sports Wagering
Chapter 4 - Patron Wagers
Section 4-7 - Tournaments/Contests/Pools

Universal Citation: WY Code of Rules 4-7

Current through September 21, 2024

A sports wagering operator or sports wagering vendor may conduct an online sports wagering tournament, contest, or pool, subject to all of the following:

(a) No online sports wagering tournament, contest, or pool shall be conducted unless the sports wagering operator or sports wagering vendor, before the first time a tournament, contest, or pool type is offered, files written notice with the Commission of its intent to offer that tournament, contest, or pool type and obtains approval from the Commission. The sports wagering operator or sports wagering vendor may file a master list with the Commission to satisfy this requirement;

(b) The request must provide a detailed description of the tournament, contest, or pool type and must include the rules of the tournament, contest, or pool, the requirements for entry, the entry fees, the rake, and potential payouts. The request must also indicate whether or not the proposed type involves a shared liquidity pool available to patrons in Wyoming and other jurisdictions with the prize pool being comprised of entry fees collected from patrons in multiple jurisdictions;

(c) Once a sports wagering operator or sports wagering vendor receives approval to offer a tournament, contest, or pool type the sports wagering operator or sports wagering vendor shall not be required to seek additional approvals from the Commission for each subsequent type that is substantially similar;

(d) Each sports wagering operator or sports wagering vendor must maintain a record of each tournament, contest, or pool it offers, which must address, at a minimum, all of the following:

(i) Name or identification of the tournament, contest, or pool;

(ii) The date and time the tournament, contest, or pool occurred or will occur (if known);

(iii) Events and wager types;

(iv) Rules concerning tournament, contest, or pool play and participation; and

(v) For each registered patron:
(A) Unique patron ID and username (if different);

(B) Amount of entry fee collected, including any bonus or promotional credits, and the date collected;

(C) Patron scorings/rankings; and

(D) Amount of winnings paid, including any bonus or promotional credits, and the date paid;

(vi) Total amount of entry fees collected, including any bonus or promotional credits;

(vii) Total amount of winnings paid to patrons, including any bonus or promotional credits;

(viii) Total rake, commission, or fees collected;

(ix) Funding source amount or amounts comprising the prize pool (for example, buy-ins, re-buys, or add-ons);

(x) Prize structure on payout;

(xi) Methodology for determining winner or winners; and

(xii) The current status of the tournament, contest, or pool (in progress, complete, interrupted, cancelled, etc.).

(e) The sports wagering operator or sports wagering vendor shall be responsible for the rake. The sports wagering operator's or sports wagering vendor's rake collected from patrons that enter a contest, tournament, or pool while located in the state of Wyoming less any rake adjustment, if applicable, shall be considered online sports wagering revenue and are subject to all taxes and tax requirements outlined in W.S. § 9-24-104, and:

(i) At no time shall the calculation resulting from a rake or rake adjustment be negative; and

(ii) For a contest, tournament, or pool which utilize shared liquidity available to patrons in Wyoming and other jurisdictions, the rake rate must be the same for all jurisdictions participating.

Disclaimer: These regulations may not be the most recent version. Wyoming may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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