Gambling/deadwood
Gambling is one of the biggest industries in the state of South Dakota with casinos taking in over a billion dollars in revenue in 2016 according to dor.sd.gov. There are two distinct types of gambling at casinos in the state of South Dakota. The first is video and slot machines. These are most common and can be found in many cities around the state. The other type is live poker/games such as blackjack or Texas hold’em and can only be found at exclusive casinos around the state such as the ones in Deadwood.
Deadwood is the premier location to gamble in South Dakota. With 3 major casinos located in deadwood tourist from all over the western Midwest come to gamble here every year. With Gambling being a multi-billion dollar revenue stream for the state of South Dakota Deadwood is the epicenter of this industry.
Founded
Deadwood, is a major tourist destination in the state of South Dakota it was founded in 1876. While, the first casino in Deadwood wasn’t founded until over a 100 years later in 1989. The idea behind casinos in deadwood came from the idea of fortune seekers, just like when people sought after fortunes during the gold rush.
Types of Gambling
In the state of South Dakota there are several ways to gamble. The first is video poker/slot machines. These are done on a “gaming counsel” and can be found in casinos around the state and are in many different cities. The Second, type of gambling is live poker/live games, and these are played live at tables against other people and dealers. Live poker can be found at exclusive casinos around the state.
Lastly, there are also scratch off and lottery tickets that are sold at gas stations and other small retailors around the state.
For video poker, live poker, slot machines, and live games one must be 21 years of age to participate. For scratch off tickets and lottery tickets one can purchase these at the age of 18 years old.
Crunching the Numbers
This year alone in the state of South Dakota slot machines/video poker have accumulated over 72 million dollars in revenue before payouts since the beginning of 2017 (1/1/17) till the end of February. In addition to slot machines, live poker/card games have accumulated almost 4.5 million dollars in revenue since the beginning of 2017 till the end of February.
During 2017 the average payout for live poker was 78.92% of your total betting money. The average payout of your bet on slot machines was 91.25% of your total betting money. Since the Start of 2017 Deadwood tourists have paid over 600,000 dollars in taxes to the state of South Dakota from winnings.
Another important thing to know is the most popular time to gamble in South Dakota. This is during the Sturgis bike rally. During this time revenue from gambling in the state typically jumps to over 110 million dollars.
Citations:
Aziz, John. “How Did Americans Manage to Lose $119 Billion Gambling Last Year?” The Week - All You Need to Know about Everything That Matters, 5 Feb. 2014, theweek.com/articles/451623/how-did-americans-manage-lose-119-billion-gambling-last-year. Accessed 14 Mar. 2017.
“Check Lodging Availablility.” Casinos and Gambling Halls in Historic Deadwood, South Dakota, Deadwood.com, www.deadwood.com/casinos/. Accessed 14 Mar. 2017.
“Gaming.” Gaming, South Dakota Department of Revenue , 1 Feb. 2017, dor.sd.gov/gaming/. Accessed 14 Mar. 2017.
Gambling is one of the biggest industries in the state of South Dakota with casinos taking in over a billion dollars in revenue in 2016 according to dor.sd.gov. There are two distinct types of gambling at casinos in the state of South Dakota. The first is video and slot machines. These are most common and can be found in many cities around the state. The other type is live poker/games such as blackjack or Texas hold’em and can only be found at exclusive casinos around the state such as the ones in Deadwood.
Deadwood is the premier location to gamble in South Dakota. With 3 major casinos located in deadwood tourist from all over the western Midwest come to gamble here every year. With Gambling being a multi-billion dollar revenue stream for the state of South Dakota Deadwood is the epicenter of this industry.
Founded
Deadwood, is a major tourist destination in the state of South Dakota it was founded in 1876. While, the first casino in Deadwood wasn’t founded until over a 100 years later in 1989. The idea behind casinos in deadwood came from the idea of fortune seekers, just like when people sought after fortunes during the gold rush.
Types of Gambling
In the state of South Dakota there are several ways to gamble. The first is video poker/slot machines. These are done on a “gaming counsel” and can be found in casinos around the state and are in many different cities. The Second, type of gambling is live poker/live games, and these are played live at tables against other people and dealers. Live poker can be found at exclusive casinos around the state.
Lastly, there are also scratch off and lottery tickets that are sold at gas stations and other small retailors around the state.
For video poker, live poker, slot machines, and live games one must be 21 years of age to participate. For scratch off tickets and lottery tickets one can purchase these at the age of 18 years old.
Crunching the Numbers
This year alone in the state of South Dakota slot machines/video poker have accumulated over 72 million dollars in revenue before payouts since the beginning of 2017 (1/1/17) till the end of February. In addition to slot machines, live poker/card games have accumulated almost 4.5 million dollars in revenue since the beginning of 2017 till the end of February.
During 2017 the average payout for live poker was 78.92% of your total betting money. The average payout of your bet on slot machines was 91.25% of your total betting money. Since the Start of 2017 Deadwood tourists have paid over 600,000 dollars in taxes to the state of South Dakota from winnings.
Another important thing to know is the most popular time to gamble in South Dakota. This is during the Sturgis bike rally. During this time revenue from gambling in the state typically jumps to over 110 million dollars.
Citations:
Aziz, John. “How Did Americans Manage to Lose $119 Billion Gambling Last Year?” The Week - All You Need to Know about Everything That Matters, 5 Feb. 2014, theweek.com/articles/451623/how-did-americans-manage-lose-119-billion-gambling-last-year. Accessed 14 Mar. 2017.
“Check Lodging Availablility.” Casinos and Gambling Halls in Historic Deadwood, South Dakota, Deadwood.com, www.deadwood.com/casinos/. Accessed 14 Mar. 2017.
“Gaming.” Gaming, South Dakota Department of Revenue , 1 Feb. 2017, dor.sd.gov/gaming/. Accessed 14 Mar. 2017.