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South Dakota reports mixed gaming results in August

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2024-09-30

South Dakota reports mixed gaming results in August

South Dakota gaming revenue for August was mixed, with sports betting seeing a rise in revenue while Deadwood casinos showing a small decline, according to the South Dakota Department of Revenue.

Casino revenue for August reached almost $14.9 million, down 5.6 percent compared to the $15.8 million reported in the same month last year. This came as slots reported a 6.1 percent drop in revenue to $13.4 million, after rewarding an average payout of 91 percent. Meanwhile, table games paid out around 83 percent and collected $1.5 million in revenue, up around 11.4 percent compared to August 2023.

Nearly $148.7 million was wagered on slots, a 6 percent drop from last year’s handle. Around $9.4 million was spent on table games in August, up 4.2 percent year-over-year.

Sports betting handle fell 2.3 percent year-on-year in August, at $505,986, but with an average payout of 79.1 percent compared to 92.8 percent last year, revenue was up 182.3 percent. August 2023 saw $37.5 million in sports betting revenue, while it totaled $105.7 million in August 2024.

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