The South Dakota Gaming commission approved on Tuesday the revised rules for the legalization of sports betting in Deadwood beginning July 1st.
The new guidelines will now head to the state Legislature’s Interim Rules Review Committee for a June hearing before it becomes active. According to Deadwood Gaming Commission attorney Douglas Abraham, applications will be available on the Commission’s website by Friday but they will not be approved until July 1.
Said commission attorney Mike Shaw:
“The commission will need additional rules before sports wagering can start sometime after July 1. We’re on track to get sports wagering rolling as quickly as we can.”
Among the new rules created on Tuesday was a $5,000 application fee for Deadwood sports betting service providers. Another prohibits associated equipment licensees and sports betting providers or licensees hired by sports betting providers from placing bets on sporting events. The rules also added sports betting to the list of legal gaming in Deadwood.
A third addition was the monitoring of Deadwood sports betting areas via closed-circuit surveillance systems during operating hours. Another amendment offered during the discussion was to define how the adjusted gross revenue for Deadwood sports betting would be computed. The change was made to clarify that “free play” rewards and excise tax would be deducted from revenue figures.
Senate Bill 44
In November 2020, South Dakota voters approved Constitutional Amendment B, which authorized the Legislature to enact a law that would legalize Deadwood sports betting. The amendment also extends to Native American casinos in the state, as provided by law.
Following the will of the voting public, The Legislature passed Senate Bill 44 which was supported by the Department of Revenue in consultation with the Deadwood Gaming Association. Gov. Kristi Noem signed the bill into a law last March 18, to take effect on the 1st of July this year.