Florida Gov. Ron DeSantis signed a new 30-year gaming deal with the Seminole Tribe of Florida on Friday.
According to a news release by Sen. Wilton Simpson, the contract creates a $2.5 billion revenue-sharing guarantee in the first five years, with $6 billion in new revenues for Florida through 2030.
The deal includes:
- A new 30-year term;
- Craps and roulette;
- Additional facilities on the Tribe’s Hollywood reservation;
- Enhanced revenue sharing brackets and;
- Statewide online sports betting in partnership with the pari-mutuels.
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In order for the deal to take effect, it needs to be ratified by the Florida Legislature.