This bill amends South Dakota law to permit the operation of pari-mutuel historical horse racing machines in Deadwood, alongside existing gaming options like card games, slot machines, and sports wagering. Key changes include the insertion of "pari-mutuel historical horse race wagering" into the definitions of authorized gaming activities and devices, and the establishment of regulations limiting the number of these machines to four per retail license. Licensed gaming establishments will also need to secure approval for their gaming rules from the South Dakota Commission on Gaming.

Additionally, the bill introduces a new tax structure for pari-mutuel historical horse race wagering, imposing a nine percent tax on net winnings, while maintaining an eight percent tax on adjusted gross proceeds from other gaming activities. It also specifies the distribution of funds from the Gaming Commission fund, ensuring that disbursements to the City of Deadwood continue until a threshold of $6.8 million is reached annually. After this, funds will be allocated to various entities, including the state general fund and local municipalities. The bill further details the distribution of collected moneys, ensuring a structured allocation process for funds related to racing and preservation efforts in Deadwood.

Statutes affected:
Introduced, 01/30/2025: 42-7B-1, 42-7B-4, 42-7B-7, 42-7B-15, 42-7B-16, 42-7B-18, 42-7B-28, 42-7B-28.1, 42-7B-48, 42-7B-48.1