Gaming revenues in South Dakota experience a decline of 11.5% compared to the same period last year, as indicated by figures from November.
In a recent report by the South Dakota Department of Revenue, the state has revealed its gambling revenue for November 2021. The data shows that the state generated a total of $10 million in revenue.
The revenue was primarily generated from commercial casinos in South Dakota, with slots contributing almost 88% of the total revenue collected. Specifically, sportsbooks collected around $145,000 in sports betting revenue, marking a significant increase of 191.8% compared to November 2023.
However, it is important to note that the reported revenue does not provide a comparison to November 2020 or October 2021 for any game type other than sports betting. In November 2021, sports betting revenues recovered from October, when they were down 73% year-over-year.
Unlike other states, South Dakota's revenue data does not specify which specific casinos contributed to the total. Instead, the state provides its revenue data by game type rather than operators.
Despite the growth in sports betting revenue, it is essential to remember that the reported revenue does not provide information about the number of players or games played, nor does it specify which specific casinos contributed to the total sports betting revenue. Moreover, the revenue does not include revenue from tribal casinos in South Dakota.
It is worth mentioning that the reported revenue does not provide information about the types of games that generated the most revenue, beyond slots. This means that we do not have details about the performance of other games such as poker, blackjack, or roulette.
Overall, while the reported revenue shows a decrease of 11.5% compared to November 2020, the growth in sports betting revenue is a positive sign for the gaming industry in South Dakota. As more data becomes available, we can expect a better understanding of the trends and performance of the different game types in the state's casinos.
