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 during the next general election. It seeks to modify Article III, Section 25, which currently restricts the Legislature's ability to authorize games of chance, lotteries, or similar activities. The proposed changes would permit the Legislature to regulate and authorize mobile sports betting, provided that the platforms are associated with licensed casinos and that their servers are located within the city limits of Deadwood.
Additionally, the resolution stipulates that 90% of the tax proceeds from mobile sports wagering must be allocated for property tax relief in South Dakota. It also maintains that the net proceeds from other authorized games of chance, such as roulette, keno, and craps, must be dedicated to the historic restoration and preservation of Deadwood. This amendment aims to expand the state's gaming options while ensuring that a significant portion of the revenue generated is used for public benefit.