South Dakota retail sportsbooks generated more than $45,000 in revenue in October, a drop of 73.8 percent from October 2023. The sports betting handle also dropped from $1 million to around $915,000.
The South Dakota Department of Gaming report for October revealed the NFL was the most bet on sporting event in October, attracting nearly $408,000 in wagers. That’s no surprise, given a Tin Lizzie Gaming Resort representative recently declared how much the casino was generating in NFL wagers in September.
However, the state’s sportsbooks lost more than $35,000 from NFL betting. In October, three other sports generated negative revenues for statewide sportsbooks: Formula 1, Major League Baseball and PGA golf. However, these sports each created a loss of less than $2,000.
The largest revenue generator was NCAA football, which brought in more than $47,000 for state sportsbooks, more than the final total of revenue generated when including losses.
Meanwhile, South Dakota’s casino statistics showed $13.5 million in revenue from slot machines and table games, an 8.4 percent decrease from the $14.8 million collected in September. However, it showed a 6.4 percent growth on the $12.7 million generated in October 2023.
