Upping the ante
Gov. Mike Rounds signed legislation that increases the state's tax on the adjusted gross proceeds of gaming in the town from 8 percent to 9 percent, which is expected to raise $1 million annually in state revenue.
Gambling in Deadwood, S.D., may not have worked out well for Wild Bill Hickok. In 1876 he was shot and killed while playing poker in the small town recently made famous by an HBO television series — but state officials are hoping it will breathe a little life into the South Dakota budget. On March 10, Gov. Mike Rounds signed legislation that increases the state’s tax on the adjusted gross proceeds of gaming in the town from 8 percent to 9 percent, which is expected to raise $1 million annually in state revenue. A separate bill allows the city to buy more penny slot machines, which are growing in popularity. The new machines are expected to bring in another $500,000 a year for the state.
Tags: Administration