Prizes,
Before you run out and finance sheep tag applications on a cc you should take a serious look at what Wyoming really offers in their draw.
Going into the 2019 Wyoming sheep tag draw there were 2054 non-resident applicants with 15 or more preference points. Of the 40 tags issued in the WY non-resident preference point drawing;
1 tag went to an applicant with 17 points
1 tag went to an applicant with 18 points
11 tags went to applicants with 19 points
The remainder (27) went to applicants with 20 to 23 points.
At 40 tags per year it will take the state of Wyoming 50 years to issue 2000 non-resident sheep tags in the preference point drawing?hmmm. How many among us have the points or lifetime remaining to reasonably expect to get a sheep tag in the preference point draw?
Ahh but there's hope because Wyoming issues sheep tags in a random drawing. In 2019 the following areas had random tags available;
Unit 2, 1 tag, 278 applicants
Unit 3, 1 tag, 808 applicants
Unit 4, 1 tag, 305 applicants
Unit 5, 1 tag, 979 applicants
If you applied for a sheep tag in a unit other than 2 through 5 your chances of drawing a random tag were zero. The average odds of drawing one of four sheep tags available in the random draw was 592 to 1. The out of pocket to apply for a non-resident sheep tag in Wyoming is almost $225. If you took your $225 to Las Vegas and put it all down on a 592 to 1 bet and won, the payout would be $133,000. That's enough to pay the IRS and have enough left over for a couple guided sheep hunts in Canada. Now let's say you were set on hunting in WY unit 5 where the random odds are 979 to 1. Place the same $225 bet and the payout is $220,000. Pay the taxes and there's enough to buy the WY Governor sheep tag ($75k) and hire an outfitter ($10k) and still have enough left over to go on a dall sheep hunt.
If you're not much of a gambler - annually invest whatever the WY application fee is (currently $225) at 7.5% interest for 30 years and the fund will grow to over $25k. That's enough for a dall sheep hunt and you don't have to beat 600 to 1 odds to do it. Of course dall hunts will continue to rise in cost over the next 30 years but so will WY applications fees so it's not unreasonable to assume they will keep pace.
Good luck on whatever path you decide to follow.