South Dakota Sports Betting Overview
South Dakota legalized sports betting following voter approval of Constitutional Amendment B in November 2020, with retail sports wagering officially launching on September 9, 2021. Overseen by the South Dakota Commission on Gaming, the state's sports betting industry remains limited to retail sportsbooks located exclusively in Deadwood and on tribal casino properties, with mobile wagering permitted only within the premises of licensed locations.
In 2024, South Dakota sports betting generated a Gross Gaming Revenue (GGR) of $920,918.32. The state applies a flat tax rate of 9% on sports wagering revenue, aligning it with other gaming taxes like slot machines, blackjack, and roulette. All tax revenue generated is allocated directly to the Deadwood Historic Preservation Fund.
Annual Sports Betting Growth in South Dakota
Data in this chart is pulled directly from the South Dakota Commission on Gaming's annual financial reports.
Source:
RG
Monthly Sports Betting Growth in South Dakota
Data in this chart is pulled directly from the South Dakota Commission on Gaming's monthly financial reports.
Source:
RG
South Dakota Sports Betting Revenue Performance (2021-2024)
While South Dakota has seen a steady increase in its sports betting handle since launch, growth slowed notably in FY 2024, suggesting the retail-only betting restriction could be limiting overall market potential.
| Fiscal Year | Handle | Gross Gaming Revenue | Hold% (Statistical Win) | Tax Revenue |
|---|---|---|---|---|
| 2021 | $2,651,488.50 | $254,581.65 | 10.02% | $22,912.35 |
| 2022 | $7,192,828.48 | $898,980.83 | 12.25% | $80,908.27 |
| 2023 | $9,034,690.58 | $1,028,439.76 | 9.90% | $92,559.58 |
| 2024 | $9,236,714.45 | $920,918.32 | 10.18% | $82,882.65 |
How South Dakota Compares to States with Similar Populations
To better contextualize South Dakota’s sports betting performance, we compare it with similarly populated states based on 2024 data:
| State | 2024 GGR | 2024 Population |
|---|---|---|
| South Dakota | $920,918.32 | 914,800 |
| Delaware | $14,585,100.00 | 1,043,840 |
| Montana | $7,186,894.00 | 1,112,260 |
| Vermont | $27,347,988.25 | 670,000 |
South Dakota significantly trails comparable states in total revenue, primarily due to limited wagering options and retail-only restrictions. The absence of statewide online wagering remarkably suppresses revenue growth.
Latest Updates in South Dakota's Sports Wagering Sector
- March 2025: South Dakota sportsbooks achieved their highest-ever monthly handle, recording approximately $1,575,140.19 million during March Madness.
- January 2025: Legislation proposing statewide mobile sports betting failed in committee for the second consecutive year.
- June 2024: South Dakota Commission on Gaming reported a decline in tax revenue despite a slight increase in handle, attributed to a lower statistical win (hold%).
Professional Sports Teams in New Jersey
| Key Aspect | Details |
|---|---|
| Population | Approximately 914,800 residents as of 2024. (World Population Review, 2025) |
| Political Affiliation | A predominantly Republican state, consistently voting Republican in recent presidential elections. (270towin.com, 2025) |
| Year Sports Betting Legalized | Authorized by voter referendum in November 2020; launched in September 2021. |
| Number of Sportsbooks Operating | 7 retail sportsbooks in Deadwood and several tribal locations. |
| Sports Betting Revenue (GGR 2024) | $920,918.32 |
| Professional Sports Teams | None; the state’s main sporting interest revolves around regional professional teams and college sports. |
FAQs on South Dakota Sports Betting Revenue
Market Leadership and Structure
What makes New Jersey a leader in the sports betting industry?
New Jersey was one of the first states to legalize sports betting after the repeal of PASPA in 2018, launching its market quickly with both retail and online sportsbooks. The state's innovative approach, requiring online operators to partner with licensed casinos or racetracks, and its high tax contributions to public services have positioned it as a benchmark for other states.
Why is Atlantic City important to New Jersey’s sports betting market?
Atlantic City is a vital hub for retail sportsbooks and online betting operations. Casinos like Borgata, Hard Rock, and Caesars are anchors for the state, providing significant revenue streams and partnering with major online operators.
Which sportsbooks operate in New Jersey?
As of December 2024, twelve sportsbooks operate in the state, including Bet365, betMGM, betPARX, BetRivers, Borgata, Caesars Sportsbook, DraftKings, ESPN BET, Fanatics Sportsbook, FanDuel, Hard Rock, MVGBet, and Prime Sportsbook.
What role does the Division of Gaming Enforcement (DGE) play?
The New Jersey Division of Gaming Enforcement oversees the sports betting market, ensuring compliance, protecting consumers, and regulating state and local jurisdictions.
Revenue and Performance Trends
How much sports betting revenue does New Jersey generate annually?
In 2023, New Jersey generated $1.01 billion in sports betting revenue, supported by a total handle of $11.97 billion. Year-to-date figures for 2024 indicate continued growth, with revenue surpassing $835.37 million by September.
How has sports betting revenue changed recently?
In September 2024, New Jersey's handle increased by 55.93% from August, while revenue surged by 1231.76%, showcasing the impact of seasonal trends and major sporting events on the market.
What is the impact of taxes on New Jersey’s sports betting revenue?
Retail sports betting revenue is taxed at 9.75%, while mobile and online wagering are taxed at a higher rate of 14.25%. These taxes have generated substantial funds, reaching over $119 million by September 2024, contributing to state education, infrastructure, and public programs.
What trends are shaping New Jersey's sports betting market?
New Jersey's market is shaped by seasonal trends, with significant spikes in betting activity during major events like the NFL playoffs and Super Bowl. Monthly handle figures typically dip in summer months like June and July but rebound strongly in the fall. Emerging technologies and increased competition among online partners also continue to drive growth.
Sports Teams and Partnerships
How do professional sports teams in New Jersey enhance the market?
Teams like the New Jersey Devils have formed partnerships with major sportsbooks such as FanDuel, Caesars, and William Hill, integrating sports betting into the fan experience with branded spaces and promotional campaigns. These collaborations help boost engagement and revenue.
What role do sportsbooks play in the success of New Jersey teams?
Sportsbook partnerships allow teams to expand their reach and improve fan engagement. For example, branded experiences at the Prudential Center, like the Caesars Club and FanDuel sponsorships, offer fans immersive experiences and strengthen betting activity tied to these teams.
Future Outlook
What is the outlook for New Jersey’s sports betting market?
New Jersey is expected to maintain its dominance through strategic partnerships, innovations in mobile betting, and a strong regulatory framework. Despite growing competition from neighboring states, the Garden State’s reputation and established market give it a significant edge moving forward.
What developments are expected in New Jersey’s sports betting market?
Future developments include expanding partnerships with professional teams, adopting cutting-edge technologies like AI for personalized betting experiences, and continuing to grow tax revenue contributions, which will support public initiatives across the state.