South Dakota’s Deadwood Sportsbooks Issued Many Fines Months After Launch
Deadwood sportsbooks began taking bets inward mid-September. Less than trine months later, oddsmakers are cladding an regalia of fines for violating state regulations.
Sports betting is currently operating on the premises of quint Deadwood casinos — Cadillac Jack’s Gaming Resort, Tin Lizzie Gaming Resort, Gold Dust Casino, Mustang Sally’s, and Deadwood Mountain Grand. Sportsbooks are soon coming to The Lodge at Deadwood, Gold Country Inn, and Deadwood Station Bunkhouse.
But the South Dakota Commission on Gaming says thither experience been numerous incidences of regulatory sportsbook infractions since the 1st sound wager was placed on Sep. 9. The province gaming authority explains that multiple sportsbooks make failed to bind to the $1,000 maximum demarcation line on sports bets.
During the 2020 election, South Dakota voters passed a constitutional ballot referendum with 58 percent funding to legalize sports betting inward Deadwood. Sports wagering is only allowed within the limits of the historic Shirley Temple Black Hills Gold Rush town, as swell as on tribal sovereign earth owned past Native Americans that make Class III gaming compacts with the state.
Sports Betting Violations
The South Dakota Commission on Gaming says thither experience been at least sextuplet reports of licensed Deadwood sportsbooks taking single bets in surplusage of $1,000. Four of the quintet operational sportsbooks feature been cited.
Gaming regulators say employees at Tin Lizzie’s BetMGM Sportsbook wrongly recognized bingle bets of $1,300, $1,500, and $3,000 on NFL games. Gold Dust facilitated a $1,550 play on an NFL game, too. Cadillac Jack’s is said to have printed $1,300 and $3,000 NFL just the ticket slips for bettors. Deadwood Mountain Grand oddsmakers, gaming regulators claim, erroneously recognized futures process on the 2022 MLB World Series.
South Dakota’s regulations on sports betting take into account futures betting on the NBA, NFL, and NHL, but oddly not the MLB. That testament potential exchange inward the near future. But for now, such MLB futures bets are prohibited.
However, the sportsbooks are not veneer plunge fines. Instead, the gaming commissioning fined the oddsmakers anywhere from $150 to $300 for the wrongful bets.
Tin Lizzie, however, was issued a $2,500 penalty for voiding a $1,500 wager on an NFL gamy and non like a shot informing the gaming commissioning of the regulatory infraction. If Tin Lizzie manages to avoid another regulatory loser for the next 12 months, the gaming commission testament repay $1,500 of the $2,500 punishment.
Sports Betting Driving Business
Despite the sportsbook fines, sound sports gambling is serving Deadwood casinos.
The Deadwood Gaming Association reported that September’s gross gaming revenue (GGR) climbed 14 percent from 2020, with sports betting cited for playing a role inward the gain. Mike Rodman, DGA president, added that Deadwood resorts experienced substantially higher occupancy rates inwards Sep 2021 compared with Sept 2020.
October was still better, as year-over-year GGR climbed 20.5 percent. Oddsmakers took to a greater extent than $815,000 in bets that month.
Rodman says the gaming connexion testament seek additional sports betting authorization during the South Dakota Commission on Gaming’s planned public group meeting later this week. Along with MLB futures, Rodman says the connection will request to a greater extent offerings inwards college sports, parlay betting, and in-game wagering.