Sports activities betting is now legal in the state of Florida, however the legislation may very well be challenged earlier than sportsbooks are literally in a position to launch. The Seminole Tribe and Governor Ron DeSantis have agreed to a brand new gaming compact, and it was authorised by the state legislature.
Initially, the compact approved sports betting, Every day Fantasy Sports activities, and on-line on line casino gaming, however solely sports activities betting remained on the ultimate invoice. The Senate Appropriations Committee shortly eliminated on-line on line casino gaming, and DFS operators fought again towards that a part of the invoice.
Sports activities betting will probably be managed by the Seminole Tribe, simply as your complete gaming business is in Florida. In accordance with this new compact, the Seminoles will share almost 14% of the full income with the state, however provided that particular circumstances are met. This compact requires the Seminole Tribe to associate with at the least pari-mutuel operators in Florida inside three months of launch, or the income share is way larger.
These new skins may launch independently, however the betting would nonetheless be finished on the Seminole servers. Betting on each skilled and collegiate sporting occasions will probably be allowed, however these legal guidelines may change earlier than the business ever launches.
A Florida Gaming Management Fee can even be created after the passing of SB 8-A that got here out of the particular session. This fee will probably be made up of 5 members which can be all appointed by Governor DeSantis. DeSantis has been working with the Seminole Tribe for months, and each side had been pleased with the brand new compact.
What Comes Subsequent?
The primary authorized step that may must be taken is for the Division of Inside to assessment and approve the compact. There’s a 45-day window for this course of to be accomplished, which might put issues on monitor for approval in July.
There may be hope that sports activities betting can launch as early as October 15, which might enable sportsbooks to take bets throughout the 2021 NFL season. This could nonetheless be a fast turnaround because it may take a while for sportsbook operators to realize licensure approval.
Even when the Division of Inside indicators off on this new compact, there may nonetheless be some main points forward. This compact is anticipated to face some authorized motion as there are a number of teams that consider it violates the phrases of Modification 3.
Modification 3 was authorised by voters in Florida in November 2018, and it allowed for expanded gaming within the state. Opponents of sports activities betting and this new compact don’t really feel that sports activities betting falls underneath that umbrella.
Consultant Michael Greico isn’t satisfied that sports activities betting will ever be launched later this 12 months. He acknowledged, “We’re going to be in court docket, we’re going to lose, and we’re going to see this on the poll.”
If a lawsuit is filed, sports activities betting may come all the way down to a call from a choose, and a call isn’t anticipated to be made shortly. Even when the brand new compact does maintain up in court docket, the judicial course of will power the launch of sports activities betting to be delayed.