The latest report from the South Dakota Commission on Gaming reveals that the casinos in Deadwood, South Dakota, experienced a robust performance in April. The casino and sports betting gaming handle witnessed a significant year-on-year increase, signifying the region’s growing popularity among visitors and gamers.
Steady Growth in Wagering Activity:
Wagering Volume: In April 2022, visitors in Deadwood collectively wagered an impressive $109.3 million. This figure reflects a substantial 7.8% increase compared to the same period in the previous year.
Distribution of Wagers: Slot machines accounted for the majority of the wagering activity, with players betting a total of $102.2 million, marking a remarkable 7.8% YoY increase. Additionally, table games contributed $6.6 million, showcasing a 5.2% surge compared to April 2022.
Boost in Sports Betting:
Sports Wagering Handle: Sports betting, a growing segment in Deadwood, registered a handle of $493,044 in April. This figure demonstrates a remarkable year-on-year growth of 34%.
Key Sporting Events: Major League Baseball took the lead as the most popular sport for wagering, with a handle of $225,924. NBA basketball ranked second, attracting a handle of $107,098. The NCAA Men’s Basketball tournament secured the third spot, generating a handle of $63,273.
Revenue Generation:
Taxable Adjusted Gross Revenues: The casinos in Deadwood collectively reported taxable adjusted gross revenues of $9.5 million for April, reflecting the financial success of the gaming industry in the region.
Year-to-Date Performance: Cumulatively, the total handle for Deadwood in 2022 now stands at $466.2 million, indicating steady growth exceeding 3% when compared to the same period in 2022.
Deadwood’s Exclusive Offerings:
Unique Gambling Destination: Notably, Deadwood remains the exclusive territory in South Dakota where legal gambling is offered, making it a pivotal hub for gaming enthusiasts.
Sports Betting: The city has embraced sports betting since 2020, but a notable requirement is that players must physically be at a Deadwood casino to place their bets.
The latest figures from the South Dakota Commission on Gaming underline the thriving gaming industry in Deadwood, South Dakota. With a substantial increase in the gaming handle, robust sports betting activity, and strong revenue generation, Deadwood continues to be a prominent destination for casino and sports betting enthusiasts, highlighting its growing appeal in the region.