Wyoming's lottery bill could allow players to pay with digital currencies

Wyoming lawmakers will make an important decision in session next week. Members of the Joint Committee 바카라사이트 on Travel, Recreation, Wildlife and Cultural Resources supported a bill that would make major changes to the Wyoming Lottery.

Cowboy State is currently a pioneer in the world of online sports betting. The proposed law could pave the way for a modern version of lottery games.

If adopted, measures SF0056 and HB0008 would change key language elements in the state code. The changes would allow players to purchase lottery tickets with virtual currency. Cryptocurrency, such as Bitcoin, could be used to purchase tickets at approved retail dealers. 

The legislation would also bring changes to the type of games offered. If passed, the bills would allow retail dealers to sell approved scratch-off tickets. Currently, scratch-off tickets are prohibited in Wyoming. A recent study shows that scratch cards can quadruple government revenue from lottery games. This bill specifies how money from the sale of new games will be allocated.

The Wyoming bill allows for the use of virtual currency

Senate File 0056 is part of the regulations that allow virtual currencies. If passed, the bill would make several changes to state code language to enable digital currency. This bill will work in several areas. After that, the account will add the language to allow the use of the approved virtual currency to purchase lottery tickets. The WY Lottery Board will be responsible for determining the approved coins. If approved, Wyoming would be one of the first states to allow virtual payments.

First, the bill would remove language limiting the types of payments allowed for lottery tickets. Status code currently only allows cash payment. SF0056 removes this limitation. However, that doesn't mean the language prohibiting the use of credit or debit cards to purchase lottery tickets will go away.

Why Wyoming leads in sports betting

Wyoming is one of several states that have legalized sports betting in recent years. We currently offer a fully regulated gambling market.

At first glance, Wyoming doesn't look much different than other states where sports betting is legal. It has the same major online sports betting brands as other markets.

However, a closer look at Cowboy 먹튀검증 State reveals that it is truly unique when it comes to sports betting. Indeed, Wyoming is a bright spot in the world of betting. You can read how this mod differs from other mods in the post below.

Cowboy State only offers online sports betting

Many states where sports betting is regulated have approved retail and online sports books. Retail betting refers to land-based operators that accept bets in person. 

When looking across America, many sports gamblers prefer the convenience of online wagering. Nevertheless, most other markets have also complemented their online betting with retail locations. 

Wyoming Allows 18-Year-Olds to Make Sports Bets

The legal gambling age in the US says that 18-year-olds can typically engage in certain types of gambling across the US. Bingo, charity gaming, and lotteries are commonly available to those aged 18 and above. In contrast, sports betting is usually only legal for people 21 and older. Most states make sports betting the same as drinking age.

But Wyoming is very different in this regard. It is currently the only state where 18-year-olds can legally bet.

First state to approve bitcoin deposit for sports betting

Supervised online sportsbooks in the United States 에볼루션바카라 accept a variety of deposit options. They commonly take major credit cards, e-wallets, prepaid cards, bank transfers, and even in-person deposits. 

Regulated bookmakers aren’t so keen, though, on Bitcoin and other cryptocurrencies. For whatever reason, they don’t approve of crypto transactions.Much like how it’s the only state allowing 18-year-olds to wager, Wyoming is also the only one that has approved cryptocurrencies. 

No WY betting sites have taken advantage of this opportunity at the time of this post. However, one or more of them might begin accepting Bitcoin and/or another crypto later. 

WY Allows Esports Betting

Sports gambling hasn’t gained full acceptance throughout America. While some states, such as New Jersey, allow esports betting, others have yet to approve it. 

No state is thrilled about allowing betting on contests involving minors. In fact, none have approved high school sports betting and none are likely to ever do so. 

Esports betting isn’t quite the same, however, because most of the pros are adults. Wyoming and a handful of other states recognize this, which is why they permit esports betting. 

Contrasts between Wyoming and Other States

Based on the points above, you can see why the Cowboy State is so unique regarding sports betting. Now, I’ll expand upon the reasons why its betting market varies so much compared to other states

No Retail Sportsbooks

Land-based sportsbooks have been a staple in many states’ plans for sports gambling. Over two dozen states now feature retail betting locations just like Las Vegas. 

Wyoming followed Tennessee, though, in becoming just the second state to only legalize online betting. Only cell phone operators are licensed in Cowboy State.

Other Changes Including New Wyoming Lottery Bill

Another accompanying law is Wyoming House Bill 0008. If passed, the law will allow lottery dealers to sell approved scratch cards. Approved lotteries are offered by the Wyoming Lottery and the Multistate Lottery Association.

Part of the reason for asking for scratch card permission stems from a 2016 study. The WY Lottery conducted a study to gauge resident interest in scratch tickets. Research shows that selling scratch off tickets can quadruple your annual lottery earnings.

The bill also includes provisions on how to use the revenue from ticket sales. Net proceeds from advance ticket sales go toward funding the Wyoming Department of Outdoor Recreation. The bill would also ban video lottery terminals as well as other types of scratch-off tickets. 

Conclusion

Two bills are on the table in Wyoming 에볼루션미니게임 that could put the state at the forefront of state lottery games. The companion bills are sponsored by the state’s Joint Committee on Travel, Recreation, Wildlife & Cultural Resources. If passed, the bills will greatly expand both payment options and the types of lottery tickets available. 

SF0056 would amend the state code to allow people to purchase lottery tickets with approved virtual currency. The WY Lottery Board would be in charge of deciding which cryptocurrency can be used. HB0008 expands the types of lottery games available. Upon passing, licensed retailers may sell scratch cards. Lottery WY and the Multi-State Lottery Association will produce the tickets.

If the bill passes, the WY lottery could see a significant increase in ticket sales. A 2016 study by WY Lotteries concluded that scratch cards can quadruple lottery revenue. The ability to use cryptocurrencies increases payment options and potentially increases sales.