Feds Offering 80 Percent Less in Oil and Natural Gas Lease Sales, Increasing Royalty Rate

The U.S. Department of Interior announced it is making only 20% of eligible acreage for oil and natural gas production available for leasing on federal lands to comply with a federal court order.

In his first week in office, President Joe Biden issued an executive order directing new oil and natural gas leases on public lands and waters to be halted by the Interior Department. The agency was also tasked to review existing permits for fossil fuel development.

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All Bets Are Off on Mobile Sports Wagering Being Legal in Florida on October 15

Under the Florida-Seminole Tribe gaming compact signed by Gov. Ron DeSantis and approved by lawmakers in May, mobile online sports wagering becomes officially legal in the Sunshine State on Oct. 15.

But after two Florida pari-mutuels filed a motion in federal court late Tuesday to block the sports wagering component of the 30-year gaming deal from being implemented, don’t bet on it.

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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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Miami Beach Mayor Asks Feds to Kill Gambling Compact

In a Thursday letter to Deb Haaland, secretary of the U.S. Department of Interior (DOI), Miami Beach Mayor Dan Gelber asked the federal government to reject the newly-signed gambling compact between the state of Florida and the Seminole Indian tribe. 

“I support the goals of the Indian Gaming Regulatory Act (’IGRA’), namely, to provide Native American tribes with a pathway to greater independence and economic vitality. But the Florida Compact you are considering was not crafted in pursuit of those goals,” Gelber wrote in the letter. 

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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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