Wyo. Stat. § 9-24-104

Current through the 2024 legislative session
Section 9-24-104 - Distribution of revenue
(a) Not later than the fifteenth day of each month, in accordance with commission rules, a sports wagering operator shall remit ten percent (10%) of online sports wagering revenue from the prior month to the commission, except as provided in subsection (b) of this section. Each fiscal year, the first three hundred thousand dollars ($300,000.00) of revenue generated under this section is continuously appropriated to the department of health to be distributed to the counties for the purpose of funding county health programs to prevent and treat problematic gambling behavior and the remainder of monies remitted to the commission shall be deposited by the state treasurer into the general fund.
(b) If the amount of online sports wagering revenue for any month is a negative figure, the sports wagering operator shall not remit a sports wagering payment under subsection (a) of this section for that month. The sports wagering operator may carry over and calculate the online sports wagering loss for that month in accordance with the following:
(i) The loss for that month may be carried over and calculated as a deduction against online sports wagering revenue for the immediately succeeding month, provided that no operator shall carry over more than the total amount of loss for that month;
(ii) The loss for that month may be carried over and deducted until the negative figure has been brought to a balance of zero dollars ($0.00);
(iii) After the negative figure is brought to a balance of zero dollars ($0.00) or after the immediately succeeding month, whichever is earlier, no amount of that month's loss shall be carried over or deducted under this subsection.

W.S. 9-24-104

Amended by Laws 2023, ch. 62,§ 1, eff. 2/21/2023.
Added by Laws 2021 , ch. 100, § 1, eff. 9/1/2021.