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 Back Amendment to Allow Sports Betting in Florida

Two of the largest companies in the daily fantasy sports industry, DraftKings and FanDuel, are backing a political committee’s efforts to legalize sports betting. The political committee, Florida Education Champions, is proposing an amendment that will allow sports betting at professional sports venues, pari-mutual facilities and through online platforms. The amendment would also raise money for education.

The amendment, as detailed on the Division of Elections website, states that if betting revenues are taxed, the monies would be required to go to the state Educational Enhancement Trust Fund.

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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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