Casino Watch Focus has reported on the various attempts at legalizing sports betting in Florida. Most efforts have thus far failed, including attempts during the legislative session to open it at casinos. Now that the coronavirus has shut down the economy and is keeping people indoors, the focus seems to have shifted to mobile sports betting. An online source reports:
The Seminole Tribe is currently in talks with state legislators to draft proposals on regulating mobile sports betting in the Sunshine State. The fallout from COVID-19 has devastated economic activity and led to widespread unemployment across Florida. In an attempt to make up the budget shortfalls, Florida legislators are eyeing out-of-the-box proposals such as regulated online betting activity.
The Seminole Tribe of Florida owns and operates the hugely successful Seminole Hard Rock Hotel & Casino. As lawmakers continue to work feverishly on crafting a budget for 2020/2021, unforeseen expenses and the shuttering of non-essential economic activity has ramped up financial pressures on state coffers. According to the New York Times, there are currently over 36,000+ cases of coronavirus in Florida, with 1,378+ deaths, and rising.
This push is viewed as a financial boon for the city looking for quick tax money and a financial windfall for the Seminole Tribe. The estimates are in the hundreds of millions, but its still unclear if such gambling would actually be legal, given the amendment passed by Florida voters that requires a vote on new gambling expansion. The online source continues:
Nonetheless, it has widely been reported that the Seminole Tribe will be paying the $500 million for the first year and the $700 million every year thereafter to the state of Florida for exclusivity vis-a-vis online sports betting services.
Lawmakers hope that legislation permitting mobile sports betting can mitigate the effects of severe budget shortfalls that are currently being experienced. Back in 2018, Florida voters decided by a margin of 71%-29% that they will have the final say on any further gambling expansion a.k.a. /Amendment 3./
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