It’s official: Governor Ron DeSantis has brought sports betting to Florida. He made the widely expected announcement Friday.
“I’m excited to announce the signing of a new compact between the State of Florida and the Seminole Tribe of Florida, which will generate the state $2.5 billion in new revenue over the next five years and $6 billion through 2030,” he said in a release.
“This historic compact expands economic opportunity, tourism and recreation, and bolsters the fiscal success of our state in one fell swoop for the benefit of all Floridians and Seminoles alike.”
Poltico’s Gary Fineout reported that DeSantis had been “personally involved in the negotiations for weeks.” On Friday, a deal between the Seminole Tribe and Florida was finally reached, as DeSantis noted, offering an arrangement that is sure to boost the state’s economy.
“Sports betting would be allowed at both tribe casinos and tracks, and other gambling facilities. The bets would all be run through the tribe and both sides would get a share of the revenue,” Fineout explained. “The Seminoles would be allowed to become like full-blown Las Vegas casinos by also adding craps and roulette.”