Florida legislature takes first step to ratify Seminole betting compact

| By Daniel O'Boyle
Florida Senator Travis Hutson has introduced a bill to implement a compact that will allow the Seminole Tribe to launch sports betting.

The compact – agreed by Governor Ron DeSantis and the tribe last month – would allow the tribe to exclusively offer sports betting both at its casinos and online, through partnerships with the state’s pari-mutuel operators.

The tribe will be required to pay 13.75% of income received from players that use a pari-mutuel sports betting operator to the state during each revenue sharing cycle.

The tribe must also pay 10% of income received from sports betting play to the state for those who bet directly at its casinos.

Read the full story on iGB North America

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