After receiving unanimous approval by the IFL's existing 9 teams, the new Billings franchise was formally announced by IFL commissioner Mike Allshouse during a press conference on February 19, 2014. The Wolves struggled to win early on, beginning the season on a 4 game losing streak. On April 18, 2015, the Wolves picked up their first ever victory, 56–37 over the
Green Bay Blizzard. The Wolves offense was being paced by rookie
quarterback Dakaratalib Britt, who had thrown for 13 touchdowns in his first 3 games, but during the Wolves first victory, Britt suffered an injury that sidelined him for the next three games, where the Wolves would fail to win a game. Upon Britt's return to the team, the Wolves improved dramatically on offense and the Wolves won 4 of their last 5 games. The Wolves finished their first season 5–9, finishing fourth in the Intense Conference. At the conclusion of the season, defensive back Michael Green was named the Defensive Rookie of the Year. With the return of Britt for the 2016 season, the Wolves looked to be a playoff contender out of the gates. However after a 2–2 start, Britt injured his elbow forcing the Wolves to start rookie Jawad Yatim. Yatim lost what ended up being his only start due to suffering an injury. The Wolves then signed
Mason Espinosa away from the
Columbus Lions. Espinosa stepped in immediately, and put up passing numbers that made him the IFL Week 10 Offensive Player of the Week and Week 9 IFL Honorable Mention Player of the Week, tying a franchise record for TD passes in consecutive weeks. After Espinosa was sidelined due to injury, going 3–3 as the starter, the Wolves turned to another rookie, Cory Murphy, who ran for a franchise record 6 rushing touchdowns in a 49–39 victory over the
Colorado Crush. The Wolves finished the season 8–8, earning the 2 seed in the Intense Conference, however they lost their first playoff game in franchise history 52–64 to the
Nebraska Danger. During the 2016 season, the Wolves' website was hacked, was never completely fixed, and was non-operational for months. Several former staff members claimed that the team had folded after the completion of the season. On October 24, 2016, the Wolves announced they had left the IFL because of state regulations and failing to find new ownership for the team. == Players of note ==