In March, Deadwood’s casinos displayed remarkable growth in their gaming activities, with the South Dakota Commission on Gaming reporting a total wager of $134.2 million. This figure marks a 3% increase from March 2022 and is the highest monthly total since September 2022. In this report, we’ll delve into the key aspects of this gaming resurgence and its impact on Deadwood.
Slot Machines Remain a Dominant Force:
Players bet a substantial $125.3 million on slot machines, reflecting a 3% increase compared to the previous year. The popularity of slot machines remains a driving force behind the casino industry’s success in Deadwood.
Table Games on the Rise:
Table games also experienced significant growth, with a 7.8% increase in handle compared to the previous year. The $7.9 million wagered on table games showcases their growing appeal among casino visitors.
Sports Betting: A Dynamic Component:
Sports betting contributed to the overall gaming handle, generating a total of $923,904. While this figure represents a 5.2% decrease year-on-year, it’s essential to note that it was led by wagers on the NCAA Men’s Basketball Tournament and the NCAA Men’s Basketball, highlighting the role of major sporting events in driving sports betting activity.
Player Rewards and Taxable Revenues:
Gaming operators in Deadwood were notably generous, rewarding players with nearly $1 million in free play during the month of March. Despite these rewards, taxable adjusted gross revenues for the gaming industry in Deadwood still amounted to nearly $11.8 million.
Deadwood’s Exclusive Gaming Hub:
It’s important to emphasize that Deadwood remains the sole territory in South Dakota where legal gambling is available. The city has been at the forefront of the state’s gaming industry, offering a unique and exciting gaming experience.
Sports Betting Regulations in Deadwood:
Sports betting has been a significant component of Deadwood’s gaming landscape since 2020. However, it’s important to note that players must be physically present at a Deadwood casino to engage in sports betting activities.
The March gaming report from Deadwood reflects a thriving and dynamic gaming industry. With impressive growth in slot machines and table games, as well as the continued popularity of sports betting, Deadwood continues to be a hub for gaming enthusiasts. Despite the challenges of the past year, the city’s casinos are displaying resilience and strong performance, offering visitors an unparalleled gaming experience.