South Dakota approves tax changes ahead of sports betting introduction
| By Richard Mulligan
South Dakota has taken a step closer to the limited introduction of sports betting after state gambling officials amended and passed final regulations.
The rules, having now been approved by South Dakota Commission on Gaming (SDCG), are set to be considered by the state legislature for approval on 2 August, with operators to then be licensed ahead of the start of the National Football League (NFL) season in September.
The approved regulations include a significant change to the initial proposals with federal excise taxes no longer allowed to be deducted from sports wagering revenue totals. Operators are to pay a state tax rate on sports betting revenue of 9%.