Deadwood Sports Betting Signed Into Law

South Dakota Governor Kristi Noem signed SB 44 into law today. This legislation allows Deadwood casinos to offer legal sportsbooks. The bets must be made on the premises of a licensed gaming establishment. 

There will be no mobile sports betting in South Dakota in 2021. A bill proposing it died in the legislature this year. It is expected to return in future sessions. 

South Dakota voters approved a constitutional amendment that allows for sports betting in the Deadwood city limits in November 2020. State lawmakers passed SB 44, which only allows sports bets to be made in Deadwood casinos. The law also forbids wagering on games involving minor leagues, high schools or any South Dakota colleges. Individual prop bets on college athletes are also not permitted. 

The law goes into effect on July 1, 2021. However, the state gaming commission must draft regulations and complete the licensing process before sportsbooks can start taking bets. 

A South Dakota sports betting license carries a $2,000 annual fee. The tax rate is nine percent of gross gaming revenue. Deadwood sports bettors must be at least 21 years old.

Sportsbooks already being built around Deadwood

Deadwood operators are wasting no time preparing for legal sports betting. While some may opt to only offer kiosks for betting, there are expected to be several full-service Deadwood sportsbooks.

Keating Resources acquired the Deadwood Dick’s property in December 2020. The company announced that it will remodel the building to include 30 hotel rooms and the largest sports viewing area in Deadwood. It will be called Sportsbook Deadwood. The expected opening date is November 2021. 

Tin Lizzie announced that it is building a sportsbook at its Main Street property. Deadwood operators are hopeful to have sportsbooks live by September, just in time for the start of football season.

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