Florida Bookie Industry Delayed After Court Rulings
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- Category: Gambling Industry
- Created: Saturday, 26 March 2022 05:59
At present, there is no legal Florida bookie industry. However, despite the state legally sanctioning sports gambling in 2021, some people challenged the new compact between the state and the Seminole tribe.
Lawmakers continue to tackle the future of sports betting in the state. On the other hand, residents can legally use daily fantasy sports apps, such as DraftKings and FanDuel.
The Seminole Tribe continues to fight the legitimization of their state compact at the federal level. However, internet bookie software providers are not optimistic that online wagering will come back before the year ends.
Florida Bookie Industry
Albeit the Seminole offer betting at their Hard Rock Casino destinations, there are presently no physical sportsbooks on those locales while claims keep on thundering through the courts.
FanDuel and DraftKings had been chipping away at a drive to get the topic of sports wagering in the state on the November 2022 ballot. The sportsbook monsters were trusting that whenever passed, Florida sports wagering could be live in 2023. Finally, however, the two preferred sportsbooks have conceded in their efforts.
Although Florida's sports wagering future remains precarious, the far and wide lawful rollout the nation over has arrived at a few close-by states. According to bookie pay per head sources, both Mississippi and Arkansas allowed legal sports betting.
It isn't easy to imagine that sports wagering wouldn't become legal in Florida in the future. In addition, the state is home to several major league sports teams. Thus, the potential market is enormous, and the state will benefit from it.
The point of contention has something to do with jurisdiction and income share via tax. But, by and large, the Seminole Tribe has control of legal betting in casinos via a compact with Florida.
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