{"id":154511,"date":"2020-11-05T13:06:23","date_gmt":"2020-11-05T21:06:23","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=154511"},"modified":"2020-11-05T15:30:01","modified_gmt":"2020-11-05T23:30:01","slug":"south-dakota-amendment-allowing-sports-betting-probably-will-include-online-wagering","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/south-dakota-amendment-allowing-sports-betting-probably-will-include-online-wagering\/","title":{"rendered":"South Dakota Sports Betting Will Likely Include Online Wagering"},"content":{"rendered":"

Now that 57 percent of South Dakota residents voted to legalize sports gambling at Deadwood<\/a> on Tuesday, the next steps include whether online betting will be permitted and which company will run the sportsbook.<\/p>\n

\"Deadwood\"
By July, sports betting could be allowed in Deadwood’s 25 casinos. (Image: Deadwood Chamber of Commerce)<\/figcaption><\/figure>\n

\u201cI think we\u2019ll have a bill fairly quickly to at least work on\u201d when the Legislature reconvenes on Jan. 12, <\/strong>Rep. Timothy Johns (R-Lead) told Casino.org<\/em> on Thursday.<\/p>\n

Regardless of when it passes, all legislation in South Dakota becomes effective on July 1. Depending on how quickly the state\u2019s Gaming Commission can craft the rules and regulations and get through public hearings, the first bet could be placed at one of Deadwood\u2019s 25 casinos at that time or shortly thereafter.<\/p>\n

Online Gaming, Too?<\/strong><\/h2>\n

While Amendment B only authorized the legalization of sports betting within the limits of Deadwood, the expectation is online wagering will be part of whatever the legislature approves.<\/p>\n

Of course, Deadwood\u2019s a destination,\u201d <\/strong>said Johns, who served eight years in the House before being elected to the Senate for the upcoming term on Tuesday. \u201cBut if you want people to participate, you\u2019re going to have to let them make bets remotely. It can be placed wherever in today\u2019s world. But it would originate in Deadwood.\u201d<\/strong><\/p><\/blockquote>\n

South Dakota\u2019s Gaming Commission and the Deadwood Gaming Association will be among the parties with input on the bill. Johns said legislators also will look to neighboring Iowa and Colorado, which have legal sports betting, for guidance.<\/p>\n

In Tennessee\u2019s fledgling sports gambling marketplace, FanDuel, BetMGM, and DraftKings were granted licenses<\/a>. Deadwood would outsource its oddsmaking as well.<\/p>\n

It would make economic sense for Deadwood to be partnering with oddsmakers, so I think that will be the model that we\u2019re looking at,\u201d <\/strong>said Mike Rodman, the executive director of the Deadwood Gaming Association, to Casino.org<\/em>. \u201cThere have been several companies that have reached out and would like to have those conversations with us.\u201d<\/strong><\/p><\/blockquote>\n

Amendment B also allows sports gambling at tribal-run casinos.<\/p>\n

Economic Impact<\/strong><\/h2>\n

An analysis conducted in 2018<\/a> by the South Dakota Legislative Research Council projected gross revenue on sports gambling to surpass $2 million. Rodman, however, cited an Oxford Economics study that projected gross revenue of $6.1 million.<\/p>\n

That was before Iowa and Colorado [legalized sports gambling]. You just look at the numbers coming out of neighboring states, we know that\u2019s very conservative,\u201d <\/strong>Rodman said in explaining the difference.<\/p><\/blockquote>\n

Beyond the direct impact of sports gambling, the Oxford study projected another $22.1 million would be wagered in Deadwood\u2019s casinos. Plus, there would be additional hotel and food and beverage revenue.<\/p>\n

We approached this, one, to keep Deadwood relevant. We wanted to be able to compete on a level playing field,\u201d <\/strong>Rodman said to Casino.org<\/em>. \u201cAnd, two, we knew that it would drive further visitation to Deadwood, particularly in the times of the year that we really need it. That\u2019s what we\u2019re most excited about.\u201d<\/strong><\/p><\/blockquote>\n

According to the Deadwood Gaming Association, its casinos during the fiscal-year that ended June 30 contributed almost $14.7 million in tax revenue for historic preservation and tourism, as well as city, county, and state governments.<\/p>\n

Beyond the finances, Johns said Amendment B recognizes the reality that people were betting on games anyway.<\/p>\n

\u201cI know it goes on, and it always has,\u201d <\/strong>Johns said. \u201cIt\u2019s nice to legalize what people have already done anyway. And it\u2019s another tax revenue for the state and the city of Deadwood, and we need it. We need the state competitive. Iowa has it. A lot of people over on the east side of the state, I\u2019d bet my bottom dollar that that\u2019s where they\u2019re wagering, is right across the line in Iowa. So, we can gain back some of the business that we\u2019ve lost.\u201d<\/strong><\/p>\n

Meanwhile, police are investigating a shooting<\/a> that took place during what was called a \u201cDeadweird Halloween event\u201d at a historic Deadwood gaming property and bar.<\/p>\n","protected":false},"excerpt":{"rendered":"

About 57 percent of South Dakota voters approved Amendment B, which allows sports gambling at Deadwood and tribal casinos.<\/p>\n","protected":false},"author":54,"featured_media":154510,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,1074],"tags":[81858,81860,81859,81826],"acf":[],"yoast_head":"\nSouth Dakota Sports Betting Will Likely Include Online Wagering - Casino.org South Dakota Amendment Allowing Sports Betting Probably Will Include Online Wagering<\/title>\n<meta name=\"description\" content=\"About 57 percent of South Dakota voters approved Amendment B, which allows sports gambling at Deadwood and tribal casinos. 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