Gov. Ron DeSantis announced a historic gaming deal between the state of Florida and the Seminole Tribe. The deal will generate at least $2.5 billion in new revenue for the state over the next five years and an estimated $6 billion by 2030.
"This historic agreement expands economic opportunities, tourism, and recreation, and promotes our state's financial success in one fell swoop for the benefit of both Florida and Seminole," Governor DeSantis said. "Our agreement establishes a framework for generating billions of dollars in new revenue and untold waves of positive economic impact. I would like to thank Florida Seminole Tribe President Marcellus Oceola Jr., Senate President Wilton Simpson, and House Speaker Chris Sprawl for their joint commitment to modernizing Florida's gaming industry and setting the standard for the rest of the country."
"Florida's Seminole Tribe is committed to mutually beneficial gaming agreements with the state of Florida and is looking forward to approval by the Florida Legislature, Seminole Tribe Council and the U.S. Department of the Interior," said Marcellus Oceola Jr., chair of the Florida Seminole Tribe. "The tribe would like to express their sincere gratitude to Governor DeSantis, Senate Speaker Simpson, House Speaker Sproles and many others for their hard work negotiating historic agreements that cement partnerships with the state for decades to come."
“The historic new thirty year gaming compact Governor DeSantis and the Seminole Tribe of Florida executed today restores the State’s relationship with the Tribe, preserves and offers new opportunities for Florida’s legacy pari-mutuel industry, and provides substantial new revenues for the State of Florida,” said Senate President Wilton Simpson. “I’m grateful to Governor DeSantis for his leadership in finalizing this compact and look forward to our upcoming special session to address legislation related to the implementation of this monumental agreement and to ratify the compact.”
“For years, there has been much ambiguity around the compact with the Seminole Tribe of Florida,” said House Speaker Chris Sprowls. “Today, we thank Governor Ron DeSantis for bringing that to a conclusion and for giving us the opportunity to address this key issue for our state. Thank you also for the work of Chairman Marcellus Osceola Jr. and the contributions of Senate President Simpson. We look forward to reviewing the compact in an upcoming Special Session.”
Larger and more expansive than any other gaming compact in U.S. history, the agreement increases the projected revenue to the State of Florida from the Seminole Tribe from no revenue to over six billion dollars over the next decade, with a guaranteed minimum of two and a half billion dollars during the first five years.
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Most notably, the compact modernizes the gaming industry through the authorization of sports betting in Florida through the Tribe at its gaming venues in South Florida and Tampa, including the Seminole Hard Rock Hotel & Casino Tampa. The agreement also provides protections for pari-mutuel operations and the opportunity to participate in sports betting offered by the Tribe.
By some estimates, sports betting is expected to create over 2,200 jobs for Floridians.