Deadwood Games down in March for the first time in 18 months | Local News
DEADWOOD – Despite a March-Madness-inspired record month for Deadwood’s sports betting line item approaching $1 million, overall play counts are down for the first time since August 2020, according to published stats Monday by the South Dakota Gaming Commission.
Players visiting Deadwood in March lost just over $130 million in slots and tables, down 6.52% from March 2021.
This translated to taxable adjusted gross income of $11.7 million for the industry in March.
Of this amount, 9%, or $1.1 million, was collected as state tax and distributed to various entities across the state.
“Despite a new monthly high in sports betting, thanks to March Madness, overall Deadwood gaming slowed in March,” said Mike Rodman, executive director of the Deadwood Gaming Association. “Deadwood, like the rest of the country, is feeling the effects of the national economic downturn.
In the handle comparison category, in March table games had a handle of $7.4 million, slots had a handle of $121.7 million and sportsbooks had a handle of 975,347. $.
So far this year, table games have had a handful of $21.1 million, down 2.43% from 2021 levels and slots have had a handful of $326.7 million. dollars, just under 2% from 2021 levels. kicked off in September 2021. So far in 2022, the collective handle at Deadwood has been $350.2 million, up 2.36% from the same. period in 2021.
As noted in the report, approximately 2,634 slots accounted for approximately $121.7 million in coins, with players winning approximately $110.8 million with an estimated average payout of 91%, leaving a casino payout of $10.9 million for the slots category in March. The two largest contributors were 2,108 slots, with $94.6 million in coins, which generated approximately $8.6 million in casino winnings and a 91% payout to players, followed by $224 machines, with approximately $11.8 million in coins, which generated $923,217 in casino winnings and a 92% payout to players.
With 86 tables reporting revenue, table games generated a $7.4 million decline in March and an estimated casino gain of $1.5 million, with an average payout to players of 78%. The top earner in this category was blackjack, with 38 tables, bringing in a $3.1 million drop and a casino win of $592,019 with an 81% payout to players.
Three craps tables in town generated a drop of $582,614, a casino win of $152,836 and a 74% payout to players; six roulette tables in town resulted in a drop of $327,777, a casino payout of $61,011 and an 81% payout to players.
A total of 26 house poker tables resulted in a $2.5 million drop, a casino payout of $636,662 and a 75% payout to players.
With six casinos reporting earnings, sports betting had a handle of $975,347 for March, an estimated casino payout of $32,388 and an average payout to players of 97%. The top earner in this category was NCAA men’s basketball, with a handful of $845,186, a casino win of $35,778 and a 96% payout to players.
The NBA Basketball handle came in second, with a handle of $65,787, a casino payout of $13,905, and an average payout to players of 79%.
The third most popular event for sports betting in March was NHL hockey, with a handle of $29,267, a casino loss of $7,188 and an average payout to players of 125%
Rodman said Deadwood game operators rewarded players with $1,515,434 in “free play” for the month of March.