§ 9-24-104 — Distribution of revenue

Wyoming § 9-24-104

• Jurisdiction: Wyoming
• Title 09: Administration of the Government
• Ch. 24: GAMING COMMISSION REGULATED ACTIVITIES
• Art. 1: ONLINE SPORTS WAGERING

Text

(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.