South Dakota Sees Significant Growth in December Sports Betting Handle
The sports betting landscape in South Dakota witnessed a remarkable upswing in December, with the total handle reaching $1.1 million.
This figure marks a significant 40% increase from the previous December’s handle of $757,609 and an 18% rise from November 2023’s $967,993, showcasing a robust growth trajectory in the state’s betting sector.
Comprehensive Overview of December’s Gambling Revenue
The gambling industry in South Dakota saw varied performance across different segments in December 2023. The table games handle experienced a notable jump of 26.45% from November, totaling $8.1 million. Slot machine activity, despite a year-on-year increase, showed a 13.57% decrease from November, with a handle of $98.1 million.
The overall gambling handle for the month stood at $107,469,041.93, reflecting an 11% decrease from November but an 18% increase compared to December 2022.
Slot Machines and Table Games Breakdown
December’s data revealed a slight downturn in slot machine activity, with the handle dropping to $98.1 million from November’s $113.6 million. However, table games painted a more positive picture, contributing significantly to the month’s gambling activities with a handle of $8.1 million, a substantial increase from December 2022’s $6.1 million.
Our Comment on South Dakota’s December Gambling Performance
December’s gambling revenue in South Dakota highlights the dynamic nature of the state’s betting industry, with sports betting showing particularly strong growth.
The significant increase in the sports betting handle, coupled with the steady performance of table games, underscores the potential for continued expansion and innovation within the sector. As South Dakota navigates the evolving landscape of gambling and betting, the adaptability and resilience of its market will be key to sustaining this positive momentum.
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