TLDR Wisconsin lawmakers passed Assembly Bill 601, sending a statewide sports betting bill to Gov. Tony Evers for his signature The bill uses a “hub-and-spoke” model based on Florida’s tribal gaming framework, with servers located on tribal land Wisconsin tribes would reportedly receive at least 60% of sports betting revenue, which may discourage major operators like DraftKings and FanDuel from entering Prediction markets from DraftKings, FanDuel, and Fanatics could offer an alternative path into Wisconsin for national operators Gov. Evers has six days, excluding Sundays, to sign, veto, or let the bill become law without his signature
Statewide sports betting in Wisconsin is now one signature away from becoming law. The state legislature has approved Assembly Bill 601 and sent it to Gov. Tony Evers.
The bill creates what is known as a “hub-and-spoke” sports betting model. This setup is based on how Florida and the Seminole Tribe agreed to allow statewide mobile wagering.
Under this model, anyone of legal age in Wisconsin could download an approved sports betting app and place wagers. The operator taking the bet would locate its servers on tribal land to keep the operation within the bounds of federally approved tribal gaming.
The Florida model survived a lengthy legal challenge before being fully implemented. Wisconsin lawmakers are hoping for a similar outcome.
How the Tribal Revenue Split Could Shape the Market
The big question now is whether major national sportsbooks will want to operate in the state. Under the Indian Gaming Regulatory Act of 1988, tribes entering gaming compacts with states must be the primary beneficiary of the operation.
Reports indicate Wisconsin tribes would receive at least 60% of sports betting revenue. That is a large share for operators used to keeping more of their earnings.
Casino gaming is far more profitable