Deadwood casino industry rolls snake eyes - KOTA Territory News

Deadwood casino industry rolls snake eyes


by Jack Siebold, MyTown editor

The new year starts out just as the old year ended for Deadwood casinos, not good.  Deadwood gamblers wagered a little more last month than they did the previous January but the gaming industry continues to hemorrhage revenue.

Data just released by the South Dakota Commission on Gaming shows the January 2014 gross revenue as $7,548,334; down 3.78 percent from January 2013 when the revenue was $7,844,871.  Table games were off the most, 17.43 percent and slots were off 1.8 percent.

This follows a dismal 2013 where the industry saw a drop in revenue of 4 percent for the year when compared with 2012.

You might be interested in reading:  Deadwood dive continues for casinos

The handle, what gamblers risk, was $85,056,478 which was up just 0.5 percent from January 2013 when the handle was $84,630,503.  Gamblers, it seems, were able to hang onto more of their wagers last month.

When Deadwood casino revenue drops, so does the state take in taxes.  This January, the state netted $664,992.  That is down $17,728 from the January 2013 taxes.

There is a bill in this year's Legislature that is designed to help boost the Deadwood gaming industry.  House Joint Resolution 1001 would, if South Dakota voters agree, add the games of roulette, keno and craps to Deadwood.  It passed in the House 37-30 and is expected to get its first Senate hearing Wednesday.

Powered by WorldNow

518 St. Joseph St.
Rapid City, SD 57701

Telephone: 605.342.2000
Fax: 605.342.7305

Couldn't find what you were looking for?
Powered by WorldNow
All content © Copyright 2000 - WorldNow and KOTA. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.