53-9-2. Gambling contracts void.
Any contract:
(1)In which the whole or any part of the contractual consideration is money or other valuable consideration, won or lost as a result of the outcome of any game of any kind, under any name or by any means; or
(2)In which the contract is for the repayment of money or other valuable consideration, lent or advanced, for the purpose of gambling in connection with any game, play, bet, or wager;
is void to the extent that the consideration constitutes a gambling win or loss or is a loan or advance for the purpose of gambling. However, any contract where the creditor is a regulated lender as defined in §54-3-14, or any other good faith lender, is not subject to this section.
Source: SL 1907, ch 155, §3; RC 1919, §3929; SDC 1939, §24.0102; SL 2010, ch 230, §1.
Structure South Dakota Codified Laws
Chapter 09 - Unlawful Contracts
Section 53-9-1 - Contract provisions contrary to law, unlawful.
Section 53-9-2 - Gambling contracts void.
Section 53-9-3 - Contracts against public policy.
Section 53-9-4 - Penalties for nonperformance of contract void, exceptions.
Section 53-9-5 - Contracts fixing damages void, exception.
Section 53-9-7 - Contract in restraint of marriage void.
Section 53-9-8 - Contracts in restraint of trade void--Exceptions.
Section 53-9-11 - Employment contract--Limitation on competition.
Section 53-9-11.1 - Health care provider--Contract to restrict practice--Prohibition--Exception.
Section 53-9-13 - Coerce or compel an abortion--Contract void.