After a slight decrease in August, Deadwood, South Dakota gaming revenues rose in September. It was up 11 percent year on year to $114.4 million, according to South Dakota Commission on Gaming. That resulted in $10.4 million in taxable adjusted gross revenues for the industry in September, of which the state received 9 percent, or $938,107 to distribute to various entities across the state.
Deadwood Gaming Association Executive Director Mike Rodman said, “It’s good to see September revenues bounce back from August. We are pleased to have a year-to-date increase of 4.56 percent or $890 million through September.”
Slot machines posted handle of $108.4 million, up 11.8 percent. Table games handle reached $6 million, down .36 percent compared to September 2018. Year to date, slots handle is at $834 million, up 4.51 percent, and table games saw handle of $56.1 million, a 5.23 percent increase compared to 2018 levels.
The commission report indicated in September, approximately 2,847 slot machines took in $108.4 million and paid out $98.3 million with an estimated average payout of 91 percent for an estimated statistical win of $10 million. Deadwood casinos’ 103 tables reported a decline of $6 million in September compared to September 2018, with an estimated statistical win of $1 million and an average payout of 81 percent.
Rodman said Deadwood casinos distributed $1,557,991 in free-play in September.
He noted, “Deadwood’s hotel occupancy rate decreased slightly, resulting in hotel operators renting 440 less room nights than last September.”
According to the city finance office, the occupancy rate was 69.46 percent for September, a 1.89 percent drop compared with September 2018.
