Florida Senator Files the Trio of Sports Betting Bills
There are about two months left until the beginning of Florida’s new legislative session. The state lawmakers have indicated that sports betting would be one of the topics to be given a chance in the following year. Sen. Jeff Brandes has filed three sports gaming-focused bills that will set in motion the discussion over the authorization of the practice. SB 968, SB 970, and SB 972 all call for the regulation of sports gambling in the region of the state. Should the legislations be successful next year, the state Lottery will oversee the promising athletics betting industry. The trio of bills appear will allow for the legalization of statewide mobile staking and retail bookmaking at Lottery kiosks. For example, the three measures don’t specify which sports and contests Florida gamblers will be able to wager on. Professional, amateur and college sports are all included in the bills, however, there is still little information on whether any of these sports would be prohibited.
Florida Sports Betting – Florida Legislature Legalizes
Should the Florida Government authorize sports gambling under Sen. Brands’ bills, the state’s gambling industry will then be overtaxed at 15% on revenue. Sports gaming activities will be led by the Florida Lottery and the third-party licensees approved by the Lottery. Sports staking operators will now have to pay a yearly license fee of $100,000, meaning they will have to renew their licenses each year.
Bills Do Not Include Tribal Sports Betting
The three pieces don’t discuss sports bookmaking at Florida’s ethnic casinos, which can be harmful to their future in the Senate, given the effect of the Seminole Tribe in the state. The tribe runs Florida’s biggest gambling venues. Until mid-May, the tribe donated about $350 million each year in betting revenue to the state under 2010 solid. After prolonged deliberation, the state lawmakers and tribal bureaucrats failed to reach an agreement. As a result, the Seminoles then stopped to share their casino revenue with Florida.
Florida Policymakers to Explore New Gambling Revenue Opportunities was the tribe’s claim that Florida violated its part of the compact when they permitted the state’s pari-mutuels to run the designated player games. The Seminoles required sports gambling exclusivity this past spring, however, the unsuccessful negotiations between the state and the tribe prevented progress that relates to the sports betting certification matter.
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