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Revise percentages regarding certain municipal proceeds of gaming revenues.
This bill reallocates gaming tax revenues from Deadwood once the city receives its guaranteed $6.8 million annual payment, shifting money away from the state general fund and toward the City of Deadwood's historic preservation fund. Specifically, it reduces the state's share from 70% to 10% of remaining gaming proceeds, while increasing Deadwood's share from 10% to 70%, while keeping the shares for other Lawrence County municipalities and school districts at 10% each.
Authorize the operation of pari-mutuel historical horse racing machines, and to authorize a new tax.
South Dakota HB 1203 adds pari-mutuel historical horse racing machines to the list of games legally allowed in Deadwood, joining existing games like slot machines, card games, and sports betting. The bill also authorizes a new tax on this form of gambling, though the specific tax rate and structure are established elsewhere in state law. This expands the types of wagering available in Deadwood's gaming establishments.
Transfer moneys from the South Dakota-bred racing fund to the special racing revolving fund.
This bill moves $60,000 from the South Dakota-bred racing fund to the special racing revolving fund, with the transfer taking effect on June 30, 2025. The bill doesn't change any existing rules about these funds—it simply redirects money from one racing-related account to another.
Increase the dollar limit for playing video lottery.
South Dakota video lottery machines currently allow a maximum of $2 per game, but this bill increases that limit to $4 per bet. The bill also raises the maximum prize payout from $1,000 to $5,000 per bet, allowing players to potentially win larger amounts on a single game.
Proposing and submitting to the voters at the next general election an amendment to the Constitution of the State of South Dakota, providing for wagering on sporting events via mobile or electronic platform.
This joint resolution asks South Dakota voters to amend the state constitution to allow the legislature to legalize mobile and electronic sports betting. Currently, the constitution prohibits games of chance, so this amendment would create an exception specifically for wagering on sporting events through phones and online platforms. If voters approve it, the legislature could then pass laws to regulate and allow this type of betting in the state.
Increase the limit on the number of video lottery machines in a licensed establishment.
This bill increases the maximum number of video lottery machines that can be placed in a licensed establishment from 10 to 15 machines. The bill also makes minor updates to the language in state law regarding age restrictions and signage requirements for these establishments, but does not change those rules themselves.