Bill > HB1058

This bill requires any entity operating an online betting platform or electronic application for pari-mutuel wagering on horse or dog races to be licensed as a multi-jurisdictional totalizator hub in South Dakota, meaning they must obtain a specific license to conduct these online wagers. It also clarifies how taxes are applied to these online wagers, stating that both entities with a physical presence in South Dakota and those without a physical presence but accepting wagers from individuals in the state will be subject to the same tax rates as multi-jurisdictional totalizator hubs, with the tax applied to the total amount wagered by South Dakota residents through these online platforms. Pari-mutuel wagering refers to a system where all bets of a particular type are pooled together, and the odds are calculated based on the total amount wagered.

Business and Industry

https://sdlegislature.gov/#/Session/Bill/26337