gambling

Florida lawmakers have signed off on a gambling deal with the Seminole Tribe of Florida that’s expected to bring in about $2.5 billion dollars in the first five years. Now that the deal is sealed, some are asking just how that money will be spent.

a multibillion-dollar deal announced last month by Gov. Ron DeSantis and tribal Chairman Marcellus Osceola Jr. opens the door for other gambling behemoths to establish a footprint in the nation’s third-most populous state, which draws tens of millions of tourists annually.

The new compact with the Seminole Tribe of Florida overhauls gambling in the state: adds sports betting, as well as certain new Las Vegas-style games, like craps and roulette.

Place your bets. Florida lawmakers have okayed a new gambling deal but will it survive expected legal challenges? And Democrats are already starting the 2022 election campaign.

Florida legislators didn’t deliver a casino to former President Donald Trump during their special session on gambling, but they cleared at least one hurdle from his path if he has those ambitions.

Despite concerns that a sports-betting provision might not withstand legal challenges, Florida lawmakers on Wednesday gave final approval to a 30-year deal with the Seminole Tribe that promises to rake $2.5 billion into state coffers over the first five years of the agreement.

With legal battles looming over the expansion of gambling in Florida, lawmakers are poised to pass a sweeping deal that would give the Seminole Tribe control of sports betting throughout the state in exchange for a promise of at least $2.5 billion over the first five years of a three-decade pact.

The proposed changes to the state revenue sharing deal surprised the city of Hollywood, which sent its mayor to Tallahassee to fight for more of the share of money this week.

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As lawmakers prepare to decide whether to approve a $2.5 billion gambling deal with the Seminole Tribe of Florida, the tribe is trying to assuage concerns about part of the agreement that could open the door to the legalization of online betting in the state.

Among other things, they would establish a Florida Gaming Control Commission to police the industry, and allowing pari-mutuels to stop offering jai alai performances along with quarter-horse and harness races.

State lawmakers would have to sign off on the agreement, which is known as a “compact.” A special session to consider the issue is scheduled for May 17.