The South Dakota Commission on Gaming has released its latest report, revealing a marginal decrease in gaming handle for Deadwood’s casinos in September compared to the previous year. Despite a rise in table game handle, the overall gaming handle saw an 11% decline from August, with visitors wagering $147 million during the month. While slot machines remain the most popular choice, sports betting has also seen moderate activity, particularly on NFL and college football games. As discussions continue on the possibility of mobile sports wagering, stakeholders are optimistic about potential revenue growth for the state if such measures are implemented.
Moderate Decline in Gaming Handle:
According to the South Dakota Commission on Gaming’s report, the gaming handle in Deadwood’s casinos for September 2022 was $147 million, representing a 5.3% decrease from the same period in 2021. Slot machines continue to dominate the casino floor, with players wagering $138 million on these games. Table games also witnessed a modest increase of 5.37% compared to September 2021, although the year-to-date table game handle has seen a decline of 4.46%.
Sports Betting Gains Traction:
Sports betting has emerged as a noteworthy aspect of the casino landscape in Deadwood, with a handle of $711,576 in September. Although the handle is relatively modest compared to other gaming options, it signifies an increasing interest in sports wagering, especially with most bets placed on NFL and college football games. The report also indicates a statistical win of $211,612 for gamblers during this period.
Ongoing Discussions on Mobile Sports Betting:
Despite the growing interest in sports betting, the discussion surrounding mobile sports wagering remains a topic of debate among state authorities. In March, the House State Affairs Committee rejected a proposed constitutional amendment that sought to allow sports wagers to be placed through electronic devices. Proponents argued that South Dakota was missing out on potential revenue by not embracing online sports wagering. However, Governor Kristi Noem’s administration and the Family Heritage Alliance continue to oppose such measures. Supporters remain hopeful for a citizen-led ballot initiative to push for mobile sports wagering if lawmakers do not take action.
Deadwood’s Exclusive Gambling Offerings:
Presently, Deadwood remains the only territory in South Dakota where legal gambling is permitted. Since 2020, sports betting has been allowed within the city’s casinos, but players must be physically present at a Deadwood casino to place their bets. While the city has experienced a slight decline in gaming handle compared to the previous year, it continues to be a focal point for gambling enthusiasts.
The South Dakota Commission on Gaming’s report offers valuable insights into the dynamics of the casino industry in Deadwood. While the overall gaming handle experienced a slight dip in September, table games and sports betting have shown signs of growth. The ongoing discussions on mobile sports wagering remain a crucial point of interest for stakeholders, with the potential to unlock additional revenue streams for the state. As the city of Deadwood continues to be a stronghold for legal gambling in South Dakota, the gaming landscape remains fluid, offering opportunities for both growth and regulatory developments in the future.