Can I offer contests that involve college sports in Wyoming? What are the requirements?

Based on the information provided in the context documents, you can offer contests that involve college sports in Wyoming, subject to certain requirements.

Requirements for offering contests involving college sports in Wyoming

To offer contests involving college sports in Wyoming, you must comply with the following requirements:

1. Before the first time a tournament, contest, or pool type is offered, you must file written notice with the Commission of your intent to offer that tournament, contest, or pool type and obtain approval from the Commission ^[1.1].
2. 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 ^[1.1].
3. Once you receive approval to offer a tournament, contest, or pool type, you shall not be required to seek additional approvals from the Commission for each subsequent type that is substantially similar ^[1.1].
4. You must maintain a record of each tournament, contest, or pool you offer, which must address, at a minimum, all of the following: name or identification of the tournament, contest, or pool; the date and time the tournament, contest, or pool occurred or will occur (if known); events and wager types; rules concerning tournament, contest, or pool play and participation; and for each registered patron: unique patron ID and username (if different); amount of entry fee collected, including any bonus or promotional credits, and the date collected; patron scorings/rankings; and amount of winnings paid, including any bonus or promotional credits, and the date paid; total amount of entry fees collected, including any bonus or promotional credits; total amount of winnings paid to patrons, including any bonus or promotional credits; total rake, commission, or fees collected; funding source amount or amounts comprising the prize pool (for example, buy-ins, re-buys, or add-ons); prize structure on payout; methodology for determining winner or winners; and the current status of the tournament, contest, or pool (in progress, complete, interrupted, cancelled, etc.) ^[1.1].
5. You 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 ^[1.1].

Conclusion

In conclusion, you can offer contests that involve college sports in Wyoming, subject to the requirements outlined above.

Source(s):

• [1.1] Tournaments/Contests/Pools.

Jurisdiction

Wyoming

• Gaming