October Deadwood gaming numbers more of a treat than trick
DEADWOOD — With slot machine revenue leading the charge and for the third month in a row of positive upticks, Deadwood gaming numbers demonstrated a marked increase, despite sluggish table game revenue, according to monthly data released Tuesday by the South Dakota Commission on Gaming.
“Another positive month for Deadwood gaming numbers brings us a step closer to our first positive year in quite some time,” said Mike Rodman, executive director of the Deadwood Gaming Association. “We are encouraged that Deadwood is continuing to grow as a gaming destination.”
Gamers visiting Deadwood in October dropped $103 million in machines and on tables, a 12.31 percent increase compared to October 2017, resulting in roughly $9.6 million in taxable adjusted gross revenues for the industry in October.
Of that, 9 percent, or $800,800, was collected as state tax and distributed to various entities across the state.
Under the handle comparison category, in October, table games had a handle of roughly $5.5 million, down 2 percent compared to October 2017 levels. Under this same category, slot machines had a handle of roughly $97.3 million in October, up 13.25 percent compared to October 2017. Thus far this year, table games have had a handle of $59 million, a 1 percent increase compared to 2017 levels, and slot machines have had a handle of roughly $895 million, a 1.31 percent increase compared to 2017 levels. Thus far in 2018, the collective handle in Deadwood has been roughly $954 million, a 1.28 percent increase, year to date.
As stated in the report, approximately 2,882 slot machines accounted for roughly $97.3 million in coin in, with gamers winning around $8 million with an estimated average payout of 91 percent, leaving a statistical win of around $8.6 million for the slot category. The two largest contributors were 2,228 penny machines, with $72.5 million in coin-in, which generated roughly $6.5 million in statistical win and a 91 percent payout to players, followed by 268 dollar machines, with $8.5 million in coin-in, which generated roughly $727,324 in statistical win, and a 91 percent payout to players.
With 99 tables reporting revenue, table games generated a drop of $5.5 million in October and an estimated statistical win of $962,000, with an average payout to players of 81 percent. The leading revenue generator in this category was black jack, with 41 tables reporting a drop of roughly $2.4 million and a statistical win of $441,159, with an 82 percent payout to players.
Five craps tables in town generated a drop of $283,804, a statistical win of $55,934, and an 80 percent payout to players; eight roulette tables in town generated a drop of $256,668, a statistical win of $45,890, and an 82 percent payout to players.
Rodman said Deadwood gaming operators rewarded players with $1,521,166 in “free-play” for the month of October.
Deadwood’s year-to-date gaming revenues are up 1.28 percent over 2017’s numbers through October 2018.
The Deadwood Gaming Commission is looking at the possibility of asking the legislature to put a constitutional change to allow wagering on sporting events on the 2020 ballot.
“We need to keep Deadwood competitive as a gaming destination and this would be one more tool,” Rodman said.
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