The South Dakota Lottery has mailed the Fiscal Year 2026 security amounts based on revenue generated January 1 through March 31, 2025. Since these required security amounts are due by July 1, we ask operators to be vigilant in providing or updating their security item.
The required security is set forth in Administrative Rule 48:02:05:04(18), and states that each licensed video lottery operator is required to “furnish security to the lottery by July 1 of each year equal to one-eighteenth of the state’s share of estimated annual net machine income derived from the operator’s video lottery machines either by purchase of a surety bond, deposit in cash, or receipt of an irrevocable letter of credit or a certificate of deposit issued by a South Dakota financial institution with the lottery endorsed on it as a payee.”
If you have any questions or concerns, please contact Shawna Zebroski at 773-5770 or shawna.zebroski@state.sd.us. |
