South Dakota Sports Betting Rules Forward
South Dakota Sports betting took another major step this week.
The Legislative Review Committee gave his OK to Gambling CommissionProposed Rules for Sports Betting in South Dakota. The Gambling Commission will hold a public hearing to approve additional rules for sports betting July 14th.
The rules apply specifically to SD sports betting in the city Deadwoodthat voters have approved in November 2020.
Licensing in South Dakota is starting soon
Sports betting in South Dakota is limited to retail stores at casinos in Deadwood.
When Kristi Noem government Signing of the Sports Betting Act in March, which was the Effective Date July 1, 2021.
From this date the Gambling Commission will accept applications for licenses for sports betting providers accordingly. at Craig Sparrow, Deputy Executive Secretary of the Commission. There is not yet an official start date for sports betting.
Sports betting rules adopted
The committee approved a variety of rules that largely cover the basics of sports betting in South Dakota. The most significant was the change that added sports betting to authorized games in Deadwood.
A was also adopted $ 5,000 Registration fee for sports betting providers. The fee is intended to cover trips abroad for background checks.
Other regulations adopted concern recording and monitoring methods.
Objection of the committee
The committee opposed a rule to deduct federal excise tax from sports betting income.
Gambling Attorney Commission Mike Shaw asked the committee to reverse the rule so that the Commission can make a change before the next meeting.
Deadwood Gaming Association attorney Roger Tellinghuisen said he’ll likely be back in front of lawmakers to apply for the withholding tax January.
“I apologize that it turned out [a change] they didn’t have the authority to do anything, ”said Tellinghuisen.
Even more in South Dakota
The July 14th meeting of the Gambling Commission will introduce more technical rules for sports betting.
“We are well on our way to get sports betting up and running as soon as possible,” Shaw said during a meeting of the Gambling Commission on May 18.
Sports betting should start this year. Along with the Deadwood casinos, the state ones 11 Tribal casinos can, by law, offer the same games as commercial real estate.
Restrictions on Sports Betting in South Dakota
There are some gray areas that could allow nationwide mobile betting. However, Deadwood Gaming Association managing Director Mike Rodman told PlayIA preventive measures are taken.
Lawmakers also banned wagering on state colleges.
With the on-site restrictions, the grip of South Dakota will be severely limited. Deadwood is a six-hour drive from the state’s largest city. Sioux Fallsthat bordering on Iowa, a legal market that does not require personal mobile registration.
Neighbore states Wyoming and Nebraska both passed the Sports Betting Act this year.