Governor DeSantis, Seminole Tribe Celebrate Approval of Gaming Compact

Governor DeSantis and the Seminole Tribe of Florida celebrated the approval of the historic Seminole Gaming Compact Friday after a 45-day review of the agreement was completed by the U.S. Department of Interior. 

The compact, the state’s largest gambling agreement in history, was ratified in May, and will look to generate a “minimum of $2.5 billion in new revenue to the state over the next five years and an estimated $6 billion through 2030,” according to a press release from the Governor’s Office. 

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DraftKings and FanDuel Put Millions on Florida Constitutional Amendment

The sports betting areas inside the casinos are like trading floors.

Draft Kings and FanDuel have each contributed $10 million to the Florida Educational Champions political committee who are funding a ballot initiative which would legalize sports betting in Florida.

The chairman of the political committee, David Johnson, took time to thank the sports betting companies for their contributions to the committee.

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Seminole Gaming Compact Facing Legal Challenges

The newly minted gaming compact between the State of Florida and the Seminole Tribe of Florida is already facing a lawsuit challenging its constitutionality.

The lawsuit says the Seminole Tribe’s claim to being the sports-betting hub, which is still illegal in Florida, creates complications due to gamblers being able to place bets on Seminole servers but while not being on tribal land.

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Florida Lawmakers Ratify Seminole Gaming Compact

Poker chips casino

After negotiations between Governor DeSantis and the Seminole Tribe of Florida, the Florida House and Florida Senate passed a bill on Wednesday that ratifies the  Seminole Gaming Compact.

Under the compact, the Seminole Tribe of Florida will act as the state’s centralized location for sports betting. The deal requires the tribe to work with a minimum of three pari-mutuels within three months after sports betting goes live on Oct. 15.

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