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South Dakota’s December Sports Betting Hits $1.1M, Up 40% YoY

Discover the surge in South Dakota's sports betting scene as the December 2023 handle reaches an impressive $1.1 million, marking a substantial 40% increase from the previous year. Explore the dynamic trends in table games and slot machines, with the NFL taking the lead in sports betting events. South Dakota's diverse gambling landscape is on full display, showcasing a promising future for the state's gaming industry
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Branimir Ivanov | Senior News Contributor

Updated: Feb 1, 2024

South Dakota's December Sports Betting Hits $1.1M, Up 40% YoY

South Dakota's sports betting landscape witnessed unprecedented growth in December 2023, with the total handle skyrocketing to an impressive $1.1 million. This surge represents a substantial 40% increase compared to the previous December's handle of $757,609, signifying a clear upward trajectory in the state's sports betting industry. Additionally, the figure reflects an 18% growth from November 2023, where the handle reached $967,993. For the best South Dakota Online Casinos, check out our other pages.

 

December Gambling Revenue Highlights: A Comprehensive Overview

  • Table Games Handle: $8.1 million (Up by a remarkable 26.45% from November)
  • Sports Betting Handle: $1.1 million (Marking an 18% increase from November)
  • Slot Machines Handle: $98.1 million (Experiencing a decline of 13.57% from November)

Despite a decline in the overall gambling handle for December, which amounted to $107,469,041.93 (an 11% decrease from November), the yearly comparison reveals an encouraging 18% increase from December 2022. South Dakota's gambling industry continues to showcase resilience and adaptability in the face of changing market dynamics.

 

Slot Machines and Table Games: Unraveling the Numbers

According to the South Dakota Gaming Statistics for December 2023, slot machines experienced a yearly increase in handle, but the month-to-month data reveals a downturn of approximately 13.57%, reaching $98.1 million compared to the robust figure of $113.6 million recorded in November.

Table games, on the other hand, significantly contributed to the overall activity, with a handle totaling $8.1 million. This growth represents an impressive 32% increase from December 2022 figures, which stood at $6.1 million. A detailed breakdown of the table games provides insights into the diversity of gambling preferences:

  • Blackjack: $3.6 million
  • Roulette: $296,445
  • Craps: $611,835
  • House Banked Poker: $2.5 million
  • Player Banked Poker: $1.0 million

 

The robust performance of table games, coupled with the evolving trends in slot machine activity, underscores the dynamic nature of South Dakota's gaming landscape.

 

It came as no surprise that the National Football League (NFL) dominated the sports betting scene in December, boasting a substantial handle of $576,578. This marked a significant surge from South Dakota’s November 2023 sports betting handle of $414,744. The statistical payout for the NFL reached $106,373, resulting in an average payout rate of 81.55%.

NCAA Football (NCAA FB) followed closely behind, contributing a total handle of $251,263. While this figure was slightly lower than the November handle of $293,823, it showcased the diverse range of sports betting preferences. The NFL's handle in December surpassed that of NCAA FB by a notable 128% difference, underlining the league's enduring popularity among bettors.

 

Diversified Sports Betting Landscape: Beyond the Gridiron

While the NFL took the spotlight, other noteworthy events in the sports betting lineup included the NBA, contributing $84,977 to the handle (up from $69,776 in November), the NHL with a handle of $20,639, and the MMA/UFC with a handle of $18,646. The diverse range of sports events demonstrates the state's growing appetite for various sporting activities.

South Dakota's robust performance in December indicates a growing enthusiasm for sports betting and diverse gambling activities, setting the stage for continued growth in the state's gaming industry. As the industry evolves, stakeholders and enthusiasts alike eagerly anticipate what the future holds for South Dakota's vibrant and expanding gambling landscape.

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