The resolution proposes an amendment to the South Dakota Constitution that would allow for mobile or electronic wagering on sporting events. This amendment will be presented to voters at the next general election for approval. It seeks to modify Article III, Section 25, to permit the Legislature to authorize such wagering, provided that it is conducted through a licensed casino and that the platform's servers are located within the city limits of Deadwood. Additionally, the resolution stipulates that 90% of the tax proceeds from this wagering must be allocated for property tax relief in the state.
Furthermore, the amendment maintains existing regulations regarding games of chance and state lotteries while allowing for the expansion of authorized gaming activities, including roulette, keno, craps, and limited card games within Deadwood. The resolution emphasizes that the net proceeds from these gaming activities must be dedicated to the historic restoration and preservation of Deadwood, ensuring that the local community benefits from the proposed changes.