Florida legislature takes first step to ratify Seminole betting compact

Florida Senator Travis Hutson has introduced a bill to implement a compact that will allow the Seminole Tribe to launch sports betting.

The compact – agreed by Governor Ron DeSantis and the tribe last month – would allow the tribe to exclusively offer sports betting both at its casinos and online, through partnerships with the state’s pari-mutuel operators.

The tribe will be required to pay 13.75% of income received from players that use a pari-mutuel sports betting operator to the state during each revenue sharing cycle.

The tribe must also pay 10% of income received from sports betting play to the state for those who bet directly at its casinos.

Read the full story on iGB North America

Florida Senator Travis Hutson has introduced a bill to implement a compact that will allow the Seminole Tribe to launch sports betting.

The compact – agreed by Governor Ron DeSantis and the tribe last month – would allow the tribe to exclusively offer sports betting both at its casinos and online, through partnerships with the state’s pari-mutuel operators.

The tribe will be required to pay 13.75% of income received from players that use a pari-mutuel sports betting operator to the state during each revenue sharing cycle.

The tribe must also pay 10% of income received from sports betting play to the state for those who bet directly at its casinos.

Read the full story on iGB North America

Original Article

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