Sports Gambling In Florida

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Florida Daily Fantasy Sports (DFS) Daily Fantasy Sports (DFS) is a new way to play on major league sports teams and players in Florida. Try your sports knowledge skills by playing DFS, on a variety sports events like NFL, NBA, MLB, NHL PGA, MLS, and more. Most Likely Florida Online Sports Betting Sites. Betting on sports in Florida is a common pastime, even though the state itself does not specifically sanction any sports betting activity, either on land or online at Internet-based betting shops operating out of the state or elsewhere in the US. 2 days ago  TALLAHASSEE (CBSMiami/NSF) – Sports wagering is back on the board for state lawmakers. Jeff Brandes, R-St. Petersburg, filed a proposal (SB 392) on Monday aimed at legalizing sports.

New Bill Enters Florida State Senate

Gambling

Sports betting is one new stream of revenue that Florida could explore to help fix the deficit that the state may be facing in the wake of the pandemic slowing down economic progression. Senator Jeff Brandes is one of Florida’s most pro-betting congressmen, and he has filed several State Senate Bills in regards to sports betting.

The bills that were filed are SB 392, SB 394, and SB 396, and these bills together would grant sports betting in the state and give the Florida Lottery the regulatory power to oversee all legal sports betting. It also created a 15% tax for the state and would set a $100,000 state licensing fee.

Does the Bill Have a Chance

Sports Betting In Florida Casinos

The main issue with this attempt at legal sports betting by Senator Jeff Brandes is that he has completely excluded the Seminoles, the Native American tribe that is currently operating gambling and gaming in Florida. Sports betting has been flooding the United States, but there is not a lot of precedent set over what exactly should happen in states in which tribal casinos currently run the gaming scene.

This will be a massive thing to watch in Florida and other states with large tribal casino scenes like California. This will dictate exactly who and how sports gambling can proceed in states like these.

Sports Gambling In Florida

On top of this, voters approved a constitutional amendment that gives them the power to vote for or vote against gaming expansions, such as sports gambling, in the State of Florida. This vote in 2018 completely changes the way that gaming expansions can work in Florida as everything needs to go through the public.

One last roadblock could be the Walt Disney Corporation. Disney is massive in Florida, and it has made itself very clear that it is opposed to basically any gambling expansion. Disney wants to be the premier tourist destination and wants to create a family environment. At the same time, there is a world where Disney themselves dive into sports betting in the near future.

Sports Betting Timeline for Florida

Will Florida Legalize Sports Gambling

Sports betting legalization gets extremely messy in states like Florida, where tribal casinos have their hands in the majority of the gambling scene, as well as the fact that voters have much of the power to dictate any gambling expansion.

Online Sports Gambling In Florida

Due to this, it is hard to tell if this bill has any shot at passing, and if it does eventually go through, it most likely will not be soon. There will be many adjustments and legal battles regarding a sports gambling bill like this.

One thing that could speed up the process and possibly give Florida a chance to vote on this gaming expansion soon would be a duel effort by the State Congress and the Seminole tribe group. However, it is clear that the Seminole tribe would want a monopoly while the state wants to bring in more licensed sportsbooks to increase revenue.

Sports Gambling In Florida

At the end of the day, it might be good that Florida residents have the last say as it provides a check and balance over these two parties that may have self-interest at heart when deciding how to proceed with sports gambling.

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Sports Gambling In Florida

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