Deadwood, South Dakota Casino Betting Limits May be Raised to $1,000
A bill was passed this past week that would increase the betting limits in Deadwood, South Dakota from $100 to $1,000.
The bill was passed in the hopes that it will help generate more revenue for Deadwood casinos. The city's gaming parlors have been bringing in less money recently due to the $100 betting limit and a ban on smoking.
"The $100 limit stands as a barrier to Deadwood as we continue to grow," said the bill's primary sponsor, Senator Tom Nelson. "When gambling programs are written, the odds are calculated, the random generation of winning is set, the probabilities of winning are all calculated in and those are written for Nevada and New Jersey -- places with no limits. So we're at the bottom of the food chain in competitive products."
The senate passed the bill 24-10 and it will now go on to the house.