The Deadwood bet limit is about to go up to $1000. The bill was signed into law by Gov. Dennis Daugaard on March 1st. The new law raises the bet limit from $100 to $1000, but does not add any new games. Table games that do not use cards will still be outlawed in Deadwood.
Deadwood has been hurt by the recession, a casino smoking ban passed in 2010, and looser gaming laws in Colorado. The new gaming laws in Colorado, introduced in 2010, allowed for craps, roulette, a new bet limit of $100 (up from $5), and 24 hour gaming. This hurt Deadwood tourism. The $1000 bet limit is the way for Deadwood to compete. The change in bet limits will also be applied to all reservation gambling.
The South Dakota Commission on Gaming must pass new regulations before the new limits can be set into law. The new regulations would include security measures and safeguards for players such as cash on hand policies to cover large wins. It is expected that the new bet limit would be established on or before July 1, 2012.