Lawmakers Ready to Discuss Sports Betting in South Dakota
Mark South Dakota down as another state looking to introduce sports gambling legislation. Lawmakers here introduced a new measure last week that would ask voters in the state whether or not they wanted to allow sports betting inside the city of Deadwood. Officials will be meeting this week to discuss sports betting in South Dakota and the impact it will have on the state.
This decision to introduce sports betting legislation comes seven months after the Supreme Court ruled against PASPA. States now have the power to set their own laws regarding sports betting.
South Dakota’s History of Gambling Laws
It might come as a surprise to hear that South Dakota has some of the most relaxed gambling laws of any state. There are more than two dozen casinos here, as well as a number of horse and greyhound racing tracks. Sports betting is one of the few forms of gambling to be banned here over the past few decades.
South Dakota has not implemented any legislation to regulate online gambling. They only claim that it’s illegal for anyone “inside the gambling business” to make wagers online. That allows most people in the state to make bets through all of the online gambling sites in the US.
The new set of laws to allow sports betting here could have a big impact on South Dakota’s economy. We’ve seen a huge number of states recently push for sports betting to help boost revenue. The money earned through sports betting will be used to restore the historic restoration and preservation of the city of Deadwood.
What Does the New Legislation Mean for South Dakota’s Gambling Industry?
There are still a number of steps that need to get taken for sports betting in South Dakota to become legal. The bill, called SJR 2, will soon be discussed by South Dakota lawmakers. If these state officials agree to the terms of the new measure, a public vote to allow sports gambling will take place in November of this year.
Sports betting will become available inside the casinos at Deadwood if the law is passed. Indian tribal casinos located around the state will also be able to offer sports wagering.
Supporters of the bill, including Larry Eliason of the South Dakota Commission on Gaming, hopes that the measure will push people in South Dakota to make their bets legally.
“We know people in South Dakota bet on sports through bookies now,” he told the media. “How much they bet and how many bookies there are, we don’t know. It’s difficult to accurately gauge the extent of any activity that’s illegal.”
Introducing regulated sports betting could help boost Deadwood’s revenue to $2,051,972 by 2022. An estimated $184,678 would go to the government in the form of taxes.
Will Sports Betting in South Dakota be Available Online?
The legislation to legalize sports betting in South Dakota does not include online gambling. Sports gambling will only be available from land-based sportsbooks inside Deadwood casinos once (or if) the law passed.
Fortunately, there are still a huge number of great internet sports betting sites available to people in South Dakota. Most of these sites offer odds on every major sport including the NFL, NBA, and MLB.
As we mentioned earlier, legislators will be meeting this week to discuss the bill to legalize sports betting in South Dakota. Stay tuned for updates on the situation, and let us know what you think about this news in the comment section below!
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