Deadwood continues dive in gaming revenue - KOTA Territory News

Deadwood continues dive in gaming revenue

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After more than a year of steady improvements, it looks like Deadwood's gaming industry hit a brick wall.

For the second time in two months, gaming revenue for the northern hills town has dropped. Overall handle, how much gamblers wager, is down 4.62 percent for March; 3.39 percent for the first quarter of 2013. Gross revenue is down 2.77 percent when compared to the previous March but the gaming town is holding its own for the year so far, down less than 1 percent.

What could be a little deceiving is that the number of slot machines is also down (locations with units went from 140 in March 2012 to 134 last month) so individual businesses might not be taking as bad a hit as it appears. The public will never know since the state doesn't release gaming revenue data by casino.

By the numbers, here's a look at some of the statistics:

  • Handle – $91,084,792; down 4.62 percent
  • Table Games – $966,206; up 4.07 percent
  • Slot Machines – $7,411,906; down 3.59 percent
  • Gross Revenue – $8,378,112; down 2.77 percent
  • Tax Collected – $728,359

While table games continue to show consistent profits; the Deadwood casinos live and die on slot machines.here only the 10-cent slots increased profits last month.

So far this year:

  • Handle – $260,290,049; down 3.39 percent from last year's $269,428,281
  • Gross Revenue – $24,117,724; down 0.29 percent from last year's $24,188,140

See related KOTA Territory News story by Katy Urban.

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