Is it time to get excited about Florida sports gambling ?
Florida is known more recently, getting folks excited about the possibility of sports, and beaches Florida Man.
Florida sports betting talk has been quiet since the passage of Amendment 3 and the November election. That’ll require brand new casino gaming to be authorized by voters in the state, making the news about a new streamlined exciting.
Reasons for FL sports gambling optimism
Governor Ron DeSantis met with a massive contingent of the state’s gaming stakeholders. The meeting followed a discussion of Florida Chairman Marcus Osceola, CEO of Seminole Gambling Jim Allen, along with the Seminole Tribe’s General Counsel.
The gaming summit appears to have been initiated from the governor, which might be a favorable indication for discussions moving ahead that could include legal sports gambling being a part of a streamlined renegotiation and/or gaming expansion.
As saying the Florida News Service, representing her household that possesses pari-mutuel facilities in Miami-Dade County, quoted barbara Havenick:
«…It is the first time because I’ve been involved that he has gotten this whole group together. There’s never been a time the business’s been together and has not wanted to kill itself»
So that the simple fact that the parties are speaking is one which has not been present during some more negotiations between the Seminole Tribe and the representatives of the state, a positive. After all, the compact discussions took 20 years before the agreement was reached.
What could be in a deal?
A proposal is for a 31-year bargain between the tribe and the state. The present deal, which was signed in 2010, is a 20-year deal that isn’t half over.
Amongst the subjects supposedly discussed was allowing Seminole Tribe casinos, as well as non-tribally operated Florida racetracks and jai alai facilities (frontons), to provide sports betting.
The strategy seems to be to allow the tribe, via the casinos, to act as a»hub» for Florida sports gambling statewide, which may indicate a potential need to register in-person at an internet casino.
This is the path forward for sports, as we noted back in November.
Your roll to slow
Just a week before his meeting with analysts, DeSantis contested whether in-play betting posed integrity risks. But much larger than the mechanisms of what type of sports betting is how Florida’s Tribe and state have bickered since it was accepted.
Most prominently, the state and the Seminole Tribe, who on the backing of a ruling by a federal judge, contended that the nation allowing pari-mutuel centers to provide so-called designated participant card games violated the tribe’s exclusivity over banked card games (e.g. blackjack.)
The state and the tribe reached a settlement in 2017, which provided to continue making payments of $350 million annually to the state.
It’s also important to note that the meeting between DeSantis wasn’t limited to Florida sports and a lot of the conversation seems to have been focused on the horse racing industry of the state.
Clock is ticking for Florida sports
Maybe the biggest barrier against something happening soon is that there’s a week left in this legislative session, and also the chance of a special session seems slightly remote at the moment (while subject to change, and fast ).
The governor’s office seems to be in an exploratory or instructional stage with respect to gaming problems, and there’s little sign that this is a problem he will seek to fast-track before the session’s conclusion while possible.
Is Florida sports gambling coming soon?
It remains unlikely that FL sports betting is coming. While there were several positive steps ahead, the association between the gaming and legislature stakeholders in the state has been tenuous and it is not likely that much has changed.
The Hawkes correspondence is intriguing and advances several persuasive arguments. Given that the Seminole Tribe were the people who pushed for Amendment 3 and are one of the best legally represented groups within the country, it would appear to be unbelievably shortsighted in a period of six months, they’d throw almost $25 million supporting the change that ends up blocking something they want. It is not clear how bullish the Seminole Tribe is online sports.
If for no other reason than they had been the primary backers for Amendment 3, it is probable that the Seminole Tribe (and the state) believe the prosecution at Amendment 3 is broad enough to allow them to negotiate to have the games they want. Otherwise, Amendment 3 would have been a costly mistake.
Regardless of this, even if a new agreement is reached, do not expect it to come into force.