Well, not cancelled really. It's just ending. 3rd season will be the last full season and then they will wrap it up with 2 2 hour special episodes.
A show like that can only go on for so long because it's based on facts. After 3 seasons, ya sorta start running out of the good stories. Plus, by the end of the 3rd season, Dakota Territory should be a state, so the lawlessness will be gone too, making it much less interesting and much more like any other town back then.
Side note.... I've been to Deadwood & it's awesome. Great little poker town and only about 10 hour drive from me, so it's great for a long weekend roadtrip. There's probably 30 casinos on a 1 mile stretch of road and you can still go to Nuttal's #10 Salloon where Wild Bill got shot. (I played a poker tourney at that bar while I was out there.)
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