Deadwood May gaming takes another $1.4 Million dollar COVID hit
DEADWOOD, SD. – According to statistics released Friday by the South Dakota Commission on Gaming, the May 2020 gaming handle showed a 14.77 percent decrease, with slot machine handle decreasing by 12.99 percent when compared to May 2019. The table game handle was down by 42.46 percent when compared to 2019 May’s table game numbers.
Deadwood gaming operators rewarded players with $1,054,775 in “free-play” for the month of May, leaving taxable adjusted gross revenues of $7,605,315 for May 2020.
“The economic impacts of the COVID-19 pandemic shutdown continue to add up for the Deadwood gaming industry,” said Mike Rodman, executive director of the Deadwood Gaming Association. “While we are pleased that Deadwood’s patrons are returning and summer visitation continues to increase, the financial burdens of the COVID-19 shutdown will take a long time for our industry to fully recover from.”
The Deadwood Gaming Industry, which was shut down from March 25th until May 7th, and has lost approximately $11.4 million dollars in gaming revenues and several million more in hotel, food and beverage sales from the COVID-19 pandemic shutdown that will have a long-term economic impact on Deadwood, its employees and state and local governments.
Source: Deadwood Gaming Association