Florida

DeSantis signs gaming deal with Seminole Tribe of Florida

By Sarah Wilson, WFTV.com

Gambling losses For more than a year, the state of Florida has lost hundreds of millions of dollars in shared gambling revenue. (WFTV.com News Staff)

By Sarah Wilson, WFTV.com

Florida Gov. Ron DeSantis signed a new 30-year gaming deal with the Seminole Tribe of Florida on Friday.

According to a news release by Sen. Wilton Simpson, the contract creates a $2.5 billion revenue-sharing guarantee in the first five years, with $6 billion in new revenues for Florida through 2030.

READ: Florida general fund losing $350 million a year in gambling revenue; could sports betting hold the answer?

The deal includes:

  • A new 30-year term;
  • Craps and roulette;
  • Additional facilities on the Tribe’s Hollywood reservation;
  • Enhanced revenue sharing brackets and;
  • Statewide online sports betting in partnership with the pari-mutuels.

READ: Court rules fantasy sports contests are illegal gambling

In order for the deal to take effect, it needs to be ratified by the Florida Legislature.

Sarah Wilson

Sarah Wilson, WFTV.com

Sarah Wilson joined WFTV Channel 9 in 2018 as a digital producer after working as an award-winning newspaper reporter for nearly a decade in various communities across Central Florida.

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