South Dakota Commission on Gaming Approves Betting Rules
South Dakota’s sports betting launch appears to be on track to start before the beginning of the upcoming NFL season.
Recently, the South Dakota Commission on Gaming amended and passed the final sports betting regulations, which will now head to the state legislature for approval. If the commission approves the rules on Aug. 2, it can then begin approving operators at the commission’s Sept. 8 meeting.
The NFL season begins on Sept. 9 with the Tampa Bay Buccaneers hosting the Dallas Cowboys. If the South Dakota Commission on Gaming remains on schedule, retail sports betting could be launched in Deadwood before the NFL’s first game of the season.
Final Approved Regulations
One of the final changes by the South Dakota Commission on Gaming dealt with federal excise taxes no longer permitted to be taken from the sports betting revenue totals. Approved operators are required to pay a state tax rate of 9% on sports wagering revenue.
The approved rules also mandate a $5,000 application fee for sports betting operators. The fee covers out-of-state background checks, in addition to record-keeping and surveillance methods.
Drafted in May, the rules also require recording sports wagering equipment inspection and bans gambling equipment suppliers from wagering on sports betting equipment or manufacturing slot machines.
Sports Betting in Deadwood Only
Residents in South Dakota voted overwhelmingly in November to approve sports betting at Deadwood casinos. Gov. Kristi Noem later signed sports betting into law on March 18 after the legislature passed SB 44.
Players can place their wagers at betting windows, kiosks or through a mobile app while inside casino facilities. Mobile betting on casino premises will require the bettor to register in person at the casino in order to place bets from their phones or other devices.
In addition to no true mobile market, other limitations with South Dakota’s sports betting market include no bets on South Dakota college teams and the lack of college prop bets.
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