Fiscal analysis: Sports betting wouldn't bring big tax boost

Sports betting graphic by MGN.

SIOUX FALLS, S.D. (AP) - A legislative financial analysis projects that a South Dakota ballot measure to allow legal sports betting in Deadwood wouldn't be a huge moneymaker for casinos or bring in much tax revenue, but supporters say it would help keep the historic mining town competitive as a gambling destination.

A Legislative Research Council fiscal document released in December estimates the constitutional amendment would result in roughly $2 million in casino revenues and about $185,000 in new tax collections for the state budget year sports betting took effect.

Deadwood Gaming Association executive director Mike Rodman says supporters never thought allowing sports betting would have a major effect on tax collections. But he says it would be another amenity for Deadwood to attract more visitors.

The group plans to ask state lawmakers to put the amendment on the 2020 ballot.

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