Wait, Florida Sports Betting Could Really Happen This Time?
It seems all the talk is going on Florida Sports betting could actually be more than just a conversation this time around.
As the legislative period ends in 2021, Politico reported the this morning State is “ready to approve” a significant gambling contract with the Seminole tribe that would include sports betting. The Miami Herald also reported that a deal had been made in principle.
Gaming lobbyist Bill Pascrell III The sides have made “tremendous progress”. Pascrell told LSR::
“I would not Let’s say it’s 100% but we have a good opportunity to get this over the goal line. “
What is the state of sports betting in Florida?
The state and the tribes are striving for the one new gaming pact Tribe stopped paying the state $ 330 million a year in 2019 because of a dispute over card games.
The new contract would also create a framework for FL sports betting.
Pascrell said he hoped for a deal that would be good for everyone, including the sports betting industry.
The Miami Herald reported that the Seminole would cut any sports bet, both online and in retail stores.
Bets would also be available at Tribe-operated casinos and pari-mutuel establishments.
What is the timeline?
The sites could announce a deal by the end of the week, the Herald said.
From there it would have to be approved by the state parliament. That 2021 session ends this week, but a special session could take place in May.
Even this extension leaves only five weeks for a deal to be finalized and approved.
The time pressure could possibly favor the Seminole. The tribe likes to wait for sports betting while the state seeks to resume its revenue-sharing payments.
Details in the FL Gambling Compact
Of course, the contract covers much more than just mobile sports betting in Florida.
Aside from the card game issue, the two sides disagreed on building a new non-tribal casino in Miami Beach. Another topic within the negotiations In this way, betting winnings would be split between Seminole and Pari-Mutuel operations.
There is also a legal question as to whether the Deal would violate the 2018 FL constitutional amendment that requires it Voter approval all new games unless they are authorized in a contract.
The youngest, of course new York The Mobile Sports Betting Act faced similar issues and has not yet faced a legal challenge.
All in all, despite countless potential stumbling blocks, sports betting could still become a reality in Florida in 2021.