Deadwood dealt another busted straight - KOTA Territory News

Deadwood dealt another busted straight


by Jack Siebold, MyTown editor

After a decent June  followed by flat revenue in July, Deadwood’s gaming industry is back in the hole, dropping more than 8 percent in August when compared with 2012, according to data just released by the South Dakota Commission on Gaming.

It appears as if gamblers are not willing to ante up much, plunking down $115,132,590 in August.  That’s a 9.32 percent drop from the previous August’s $126,972,311.  For the year so far, the handle is 3.11 percent behind last year.

With the handle down, the gross revenue drops.  Last month, the gaming industry’s gross revenue was $10,593,821; 8.12 percent less than August 2012.  For the year, Deadwood is off 1.49 percent when compared to the first eight months of last year.

The lack of wagers and business revenue also cuts into the state’s take.  The state collected $919,962 in August taxes; down $87,950 from last year.

Deadwood business owners are concerned about the stagnant gaming industry, which has been the town’s bread and butter for more than two decades.  Recently, the town established a Revitalize Deadwood Committee that has as its mission … make the town more economically diverse.

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