South Dakota casino revenue appears to have more ups and downs than the Black Hills.
The Mount Rushmore State's commercial casinos saw a dip in activity in February, compared to the previous year.
The total handle, or the amount of money wagered, was $106 million — down 10% from $119 million last year.
Slot Machines Down 11% Year-Over-Year
When we look closely at the numbers from the South Dakota Gaming Commission, slot machines were the biggest contributor, generating $99 million last month. This is a 11% drop from last year’s $111 million.
Table games also saw a reduction in bets, falling by 5% to around $7 million. Altogether, the total "statistical win" — what the casinos gained after payouts — decreased by 7% to $11 million from last year’s $12 million.
Focusing on individual categories, slot machines earned $9 million, which is slightly down from $10 million the previous year. Table games generated $1 million, also down from $1 million, while sports betting saw a sharp decline to $18,000 from $38,000 last year.
South Dakota Casinos Have History of Bouncing Back
South Dakota’s journey into the world of commercial casinos began in 1989 with the legalization of limited stakes gaming in the historic town of Deadwood. This move was aimed at boosting the local economy and tourism, drawing inspiration from Nevada and Atlantic City.
By 1990, the first casinos opened their doors, breathing new life into Deadwood and setting the stage for future development.
Over the years, the gaming landscape in South Dakota has evolved, with the introduction of video lottery terminals and the expansion of gaming options.
The state now boasts a small but vibrant casino scene, primarily focused in Deadwood, featuring a mix of historic charm and modern amenities. These casinos not only offer a variety of gaming experiences but also contribute significantly to the state’s economy through employment and tax revenue.
Despite the recent downturn in revenues, South Dakota's casinos continue to be a significant aspect of the local economy and a popular attraction for tourists and residents alike. While February's figures show a decrease, the history and resilience of South Dakota’s gaming industry suggest that it will continue to adapt and thrive in the future.
