In a promising turn of events for Deadwood’s casinos, the South Dakota Commission on Gaming has reported a significant 12% year-on-year increase in gaming and sports betting handle for July. The thriving casino hub in Deadwood witnessed wagers totaling an impressive $145.2 million, with notable contributions from slot machines, table games, and a flourishing sports betting sector. This analysis delves into the specifics of the July figures, shedding light on the diverse gaming landscape and the growing popularity of sports wagering in Deadwood.
Key Highlights of July’s Gaming and Sports Betting Handle:
Deadwood’s casinos experienced a remarkable 12% YoY surge in gaming and sports betting handle, reaching a substantial $145.2 million in July. This robust performance is indicative of the enduring appeal of Deadwood as a premier destination for gaming enthusiasts. The breakdown of wagers reveals a dynamic landscape, with $136.3 million invested in slot machines and $8.5 million in table games.
Slot Machines and Table Games Performance:
Slot machines emerged as the dominant force in gaming, contributing $136.3 million to the overall handle. This marked a commendable 12.5% YoY increase, underscoring the enduring popularity of slot gaming. Table games also demonstrated resilience, with a 1.2% YoY increase, contributing $8.5 million to the total handle. The balanced performance across gaming categories reflects the diverse preferences of patrons in Deadwood.
Surge in Sports Wagering:
The sports betting sector in Deadwood experienced a substantial surge, with a handle of $413,368, marking a noteworthy 59.5% YoY increase. Major League Baseball emerged as the primary revenue generator in sports wagering, commanding a substantial handle of $323,371. The surge in sports betting highlights the evolving landscape of diversified entertainment offerings in Deadwood.
Taxable Adjusted Gross Revenues and Year-to-Date Performance:
The taxable adjusted gross revenues for July amounted to $13.5 million, reflecting the financial prosperity of Deadwood’s gaming industry. The cumulative handle for Deadwood in 2023 has surpassed $882.2 million, showcasing a resilient growth rate of more than 4% compared to the same period in 2022. These figures affirm Deadwood’s position as the sole territory in South Dakota with a thriving and legal gambling industry.
Deadwood’s casinos have exhibited resilience and prosperity in July, with a robust 12% YoY increase in gaming and sports betting handle, reaching $145.2 million. The balanced performance across slot machines, table games, and the surge in sports wagering underscores the diverse offerings available to patrons. As the year progresses, Deadwood continues to solidify its status as a premier gaming destination, attracting enthusiasts with a dynamic and evolving entertainment landscape. The positive trajectory in handle and revenues signifies the enduring appeal and economic vitality of Deadwood’s gaming industry.