Wyoming ponders over the extension of online casinos through proposed legislation
In the ever-evolving world of games, several states are considering significant changes to their gambling landscapes. Let's take a closer look at some of the key developments.
Hawaii is delving into comprehensive gambling reform with Senate Bill 3376, while Wyoming is making strides towards legalizing and regulating online casino games, thanks to House Bill 120. This bill, if passed, would oversee the industry by the Wyoming Gaming Commission. Operators looking to participate would need to pay an initial fee of $100,000, with a $50,000 renewal fee every five years.
Wyoming's online game industry expansion includes the involvement of industry giants like FanDuel and DraftKings, who are already running online sportsbooks in the state and may be poised to enter the online games market should it become legalized. However, their entry has sparked controversy, particularly with regards to the Wyoming Gaming Commission's ruling on fantasy sports leagues. Critics argue that regulatory actions may limit competition and consumer choice in the fantasy sports industry.
FanDuel and DraftKings, along with other critics, are challenging the legality of fantasy sports leagues in Wyoming. The classification of these leagues as games of skill or chance is a subject of debate. The Wyoming Gaming Commission has classified them as illegal gambling platforms, a decision that has been met with opposition.
Meanwhile, Illinois is contemplating online game regulation through House Bill 2239. Maryland, on the other hand, is considering online game legalization via a public referendum, with Senator Ron Watson playing a key role in these discussions.
Interestingly, no specific companies have been publicly named as having an interest in obtaining online casino licenses in Wyoming following the introduction of House Bill 120. However, the bill allows for up to five operators to be licensed.
House Bill 120 also allows for interstate agreements, enabling licensed operators in Wyoming to form partnerships with those in other states. This could open up new opportunities for collaboration and growth in the online game industry.
Lastly, the legislation sets aside $300,000 annually for problem game programs, demonstrating a commitment to addressing potential issues associated with online game.
