Begun in 1956 as a local contest at Northwest College, the state competition is currently sponsored jointly by WYMATYC, the Wyoming Council of Teachers of Mathematics (WCTM), the seven colleges, and UW. It was eventually named for the contest founder, Herb Wolsborn, distinguished faculty member of the mathematics, and later became the Wolsborn-Drazevich contest, honoring the Drazevich family of Rock Springs for the long support of the contest.
Both the composition of the contest and its reward system have changed over time. At present, the contest is a battery of five tests, twenty minutes per test, covering many of the topics that are included in the state standards. The students are broken into four classes, grade 7, grade 8, grades 9 - 10, and grades 11 – 12. Medals are awarded to the top three place winners in each category.
Each school with 9-10th graders or 11-12th graders is assigned team scores, the sum of its top three scoring students, and the top school at each site takes home a trophy.