Florida to change its approach on gambling

State authorities believe that Florida gambling should get a different approach after losing US$350 million in payments from the tribes.

US.- The state lost US$350 million in payments from the Seminole Tribe of Florida. That has pushed the state to reconsider certain decisions that may change the landscape for the industry.

Florida’s gambling approach may change as Senate leaders reconsider how to avoid losing anymore money. Therefore, pari-mutuel operators could get good news.

“We need to start looking at what’s available on the private side of the equation,” Senator Bill Galvano said. “(That) versus just the compact.” 

“I don’t think that this year will be terribly different,” Florida House Speaker José Oliva said on failed gambling legislation. “We do have a governor that has fresh eyes and wants to see all of the options. Moreover, we have in President Galvano somebody that understands the issue in depth and wants to explore all options. I’m certainly open to it as well,” he added.

In order to boost Florida gambling, lawmakers are considering to give pari-mutuels a boost. That, instead of just debating how much the tribe will pay for exclusivity.

The state may codify the designated player games, increase bet limits and authorise sports betting and fantasy sports.