AP NEWS

Deadwood gaming gifted with December increase

January 25, 2019

DEADWOOD — The gift of a double digit increase was imparted upon the Deadwood gaming industry in December: The statistics show a 10.3 percent increase over the same period in 2017, pushing the cumulative total drop for 2018 to more than $1.1 billion, according to monthly data released Tuesday by the South Dakota Commission on Gaming.

“We are extremely pleased that Deadwood was finally able to eke out a year of positive revenue growth,” said Mike Rodman, executive director of the Deadwood Gaming Association. “We are hopeful that 2018 will be the year that Deadwood turned the corner and will continue on a path of positive revenue growth.”

Gamers visiting Deadwood in December dropped $78.3 million in machines and on tables, a 10.3 percent increase compared to December 2017, resulting in roughly $7.2 million in taxable adjusted gross revenues for the industry in December. Of that, 9 percent, or $651,892, was collected as state tax and distributed to various entities across the state.

Under the handle comparison category, in December, table games had a handle of roughly $6.2 million, up 5 percent compared to December 2017 levels. Under this same category, slot machines had a handle of roughly $72.1 million in December, up 11 percent compared to December 2017.

In 2018, table games have had a handle of $70.1 million, a 1.43 percent increase compared to 2017 levels, and slot machines have had a handle of just over $1 billion, a 1.5 percent increase compared to 2017 levels, and the collective handle in Deadwood was more than $1.1 billion, a 1.5 percent increase.

As stated in the report, approximately 2,853 slot machines accounted for roughly $72.1 million in coin in, with gamers winning around $66 million with an estimated average payout of 91 percent, leaving a statistical win of around $6.3 million for the slot category. The two largest contributors were 2,192 penny machines, with $54 million in coin-in, which generated roughly $5 million in statistical win and a 91 percent payout to players, followed by 283 dollar machines, with $7.3 million in coin-in, which generated roughly $546,679 in statistical win, and a 93 percent payout to players.

With 99 tables reporting revenue, table games generated a drop of $6.2 million in December and an estimated statistical win of $1.4 million, with an average payout to players of 75 percent. The leading revenue generator in this category was black jack, with 41 tables reporting a drop of roughly $2.7 million and a statistical win of $610,616, with a 77 percent payout to players.

Five craps tables in town generated a drop of $370,929, a statistical win of $93,666, and a 75 percent payout to players; eight roulette tables in town generated a drop of $259,366, a statistical win of $82,310, and a 68 percent payout to players.

Rodman said Deadwood gaming operators rewarded players with $1,587,734 in “free-play” for the month of December.

“Deadwood continues to develop itself as an integrated destination,” Rodman said. “With the current development and construction of the Outlaw Square and the push to put wagering on sporting events on the 2020 ballot, we are striving to build a solid future for Deadwood and its visitors.”

To read all of today’s stories, Click here or call 642-2761 to subscribe to our e-edition or home delivery.

AP RADIO
Update hourly