South Dakota Sportsbetting Bill Signed Into Law

The state of South Dakota is getting legalized sportsbetting, as Governor Kristi Noem signed Senate Bill 44 into law last week.

The bill was introduced in January and allows the casinos in Deadwood to offer the services to visitors for in-person wagers. It came after voters last November voted to legalize sportsbetting with a 58.5% to 41.5% margin. South Dakota only allows for betting to be conducted in Deadwood, which is historic for having been the place where Wild Bill Hickok was killed while playing poker.

Casinos that want to offer sportsbetting will have to pay $2,000 for a license annually and there aren't any details on what the tax rates for the activity will be. The industry will be run by the South Dakota Commission on Gaming.

We'll let readers know when sportsbetting officially launches.