Deadwood sportsbooks began taking bets in mid-September. Less than iii months later, oddsmakers are cladding an array of fines for violating commonwealth regulations.
Sports betting is currently operating on the premises of v 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 Sir Oliver Lodge at Deadwood, Gold Country Inn, and Deadwood Station Bunkhouse.
But the South Dakota Commission on Gaming says thither make been numerous incidences of regulatory sportsbook infractions since the first legal wager was placed on Sep. 9. The nation gaming federal agency explains that multiple sportsbooks experience failed to bind to the $1,000 upper limit limit on sports bets.
During the 2020 election, South Dakota voters passed a constitutional ballot referendum with 58 percent financial support to legitimise sports betting inward Deadwood. Sports wagering is only if allowed within the limits of the historical Shirley Temple Hills Gold Benjamin Rush town, as advantageously as on tribal sovereign set ashore owned past Native Americans that feature Class III gaming compacts with the state.
Sports Betting Violations
The South Dakota Commission on Gaming says in that location make been at least vi reports of licensed Deadwood sportsbooks taking single bets inwards surplusage of $1,000. Four of the quint in operation(p) sportsbooks get been cited.
Gaming regulators say employees at Tin Lizzie’s BetMGM Sportsbook wrongly recognised single bets of $1,300, $1,500, and $3,000 on NFL games. Gold Dust facilitated a $1,550 bet on an NFL game, too. Cadillac Jack’s is said to hold printed $1,300 and $3,000 NFL fine slips for bettors. Deadwood Mountain Grand oddsmakers, gaming regulators claim, erroneously accepted 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 non the MLB. That testament likely alteration inward the near future. But for now, such MLB futures bets are prohibited.
However, the sportsbooks are not cladding steep fines. Instead, the gaming charge 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 play on an NFL gamy and non directly ratting the gaming commission of the regulatory infraction. If Tin Lizzie manages to avoid another regulatory unsuccessful person for the next 12 months, the gaming commission testament refund $1,500 of the $2,500 punishment.
Sports Betting Driving Business
Despite the sportsbook fines, sound sports play is serving Deadwood casinos.
The Deadwood Gaming Association reported that September’s revenue gaming revenue (GGR) climbed 14 percent from 2020, with sports betting cited for playing a role inwards the gain. Mike Rodman, DGA president, added that Deadwood resorts experienced substantially higher occupancy rates in September 2021 compared with Sept 2020.
October was even out better, as year-over-year GGR climbed 20.5 percent. Oddsmakers took more than $815,000 inwards bets that month.
Rodman says the gaming connexion will seek additional sports betting authorization during the South Dakota Commission on Gaming’s planned public encounter later this week. Along with MLB futures, Rodman says the connection will quest more offerings inwards college sports, parlay betting, and in-game wagering.