038-3 Wyo. Code R. §§ 3-1 - Taxes and Payments Generally

(a) Not later than the fifteenth (15^th) day of each month, a sports wagering operator shall remit electronically ten percent (10%) of online sports wagering revenue from the prior month to the Commission.

(b) Prior to commencing operations in Wyoming, each sports wagering operator shall establish and, after that, maintain an operating account at a designated financial institution capable of handling electronic fund transfers. The sports wagering operator must notify the Commission of the financial institution where funds are deposited, and the Commission may reject the proposed financial institution for cause. No change of financial institution may be made without prior Commission approval.

(c) A sports wagering operator must remit the tax or payment imposed, by an electronic transfer of funds. In addition, the sports wagering operator shall electronically transmit to the Commission a tax return in the format provided by the Commission. The return, and tax or payment shall be transmitted no later than the fifteenth (15^th) day of the month succeeding the calendar month in which the online sports wagering revenue proceeds were received by the sports wagering operator. The tax or payment is timely if it settles to the Commission's bank account by the sixteenth (16th) day of the month succeeding the calendar month in which the online sports wagering revenue was received by the sports wagering operator.

(d) If the amount of online sports wagering revenue for a month is a negative figure, the sports wagering operator shall not remit a sports wagering tax or payment for that month. Any negative online sports wagering revenue may be carried over and calculated as a deduction on the tax form or payment form on the immediately succeeding month, provided that no operator shall carry over more than the total amount of loss for that month.

Notes

038-3 Wyo. Code R. §§ 3-1

Amended, Eff. 10/5/2021. Amended, Eff. 7/17/2024.