Increased Gaming Income in Deadwood, South Dakota: Casinos Record a 9% Surge in Revenue Compared to Last Year's April Figures
Deadwood Casinos Report 9% Year-Over-Year Revenue Growth in April
By Charlotte Capewell, Special to our website
Deadwood casinos in South Dakota reported a 9% increase in adjusted gross revenue for April, climbing from $10.7 million to $11.7 million, as per the latest figures released by the South Dakota Department of Revenue.
The 22 casinos in the city saw a 3.1% rise in statistical win for slots, reaching $11 million compared to $10.1 million the previous year. Table games also saw a 1.4% increase, with a statistical win of $1.21 million this April, up from $1.19 million in the same month last year.
Notably, sportsbooks reported a significant turnaround, with a statistical win of $51,819 this April compared to a statistical loss of $11,700 in April 2022.
Tax contributions from the casinosamounted to $1.1 million in April, with 40% set aside for tourism.
The U.S. gaming industry has seen mixed performances recently, with overall commercial gaming revenue moderately increasing, while online gaming continues to expand at a faster pace. Despite the challenges faced by Deadwood casinos in sports betting revenue, the broader gaming industry persists as a significant contributor to state and local governments' tax revenue.
For further context, gaming taxes in the U.S. are primarily utilized to support public projects, community services, and responsible gambling initiatives. In the first quarter of 2025, commercial gaming operators collectively paid an estimated $4.25 billion in gaming tax revenue. However, the specific distribution of tax revenue from Deadwood casinos is not provided in the latest reports.
- The rising trends in casino-and-gambling, including casino-games like slots and table games, are evident in Deadwood, Las Vegas, as Deadwood casinos reported a 9% increase in revenue in April.
- In the ongoing discussion of gambling-trends, lotteries may find resonance in the positive revenue growth evident in Deadwood casinos, harking back to the significant turnaround seen in sportsbooks in the past year.
