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Topic Title: Legal (For Now) Sports Betting in Florida
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Created On: 11/04/2021 05:44 AM
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 11/04/2021 05:44 AM
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Central Floridave

Posts: 50354
Joined Forum: 07/22/2003

So, I downloaded the Seminole Hard Rock (Florida) phone app and went thru all the registration process and put my first bets on games this weekend!

Thank You Desantis for legalizing sin!

I got my bet in that Chiefs will beat Packers right before the news hit that 'unvaccinated' Aaron Rodgers is out this weekend with Covid. Wish me luck!

Looks like the gambling charter between the Seminoles and the State is being challenged in court. But for now it's legal!

Game on: Seminole Tribe launches first legalized sports betting in FL history
Betting via digital devices begins; gambling foes predict a swift end
BY: LAURA CASSELS - NOVEMBER 1, 2021 7:28 PM

https://floridaphoenix.com/202...betting-in-fl-history/
 11/04/2021 06:26 AM
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tpapablo

Posts: 36978
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Well, good luck then.

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I :heart; Q
 11/04/2021 06:42 AM
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Central Floridave

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Joined Forum: 07/22/2003

Thnx. Go Chiefs!
 11/04/2021 08:38 AM
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Greensleeves

Posts: 18514
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Proceed with caution...

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 11/04/2021 08:45 AM
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Central Floridave

Posts: 50354
Joined Forum: 07/22/2003

I will! Just wanted to be one of the first one to 'legally' bet on sports. Last time was on Victory Casino about 3 years ago.

"gambling foes predict a swift end". Friday a fed judge rules on it.
 11/04/2021 12:27 PM
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wtf

Posts: 6510
Joined Forum: 11/23/2005

It's not the gov't's role to tell me how to spend my money. The qotard crowd should be up in arms. Once again the evangelical set wants to tell you how you should live your life. They should clean out their own closets.

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QOP = Terrorists
 11/04/2021 12:37 PM
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johnnyboy

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I have no objection with people gambling, just tax it accordingly.

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"One of the reasons why propaganda tries to get you to hate government is because it's the one existing institution in which people can participate to some extent and constrain tyrannical unaccountable power." Noam Chomsky.

 11/04/2021 06:06 PM
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follydude

Posts: 9093
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Originally posted by: johnnyboy

I have no objection with people gambling, just tax it accordingly.


Amen.

And, keeping fingers crossed that the tax money will go towards a social safety net for the degenerate gambler who leaves his wife & kids penniless.


 11/05/2021 04:56 AM
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wtf

Posts: 6510
Joined Forum: 11/23/2005

Gambling in FL is the real reason Fine is here. All the other BS he talks about including the lagoon is all smoke/mirrors.

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QOP = Terrorists
 11/05/2021 04:57 AM
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wtf

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Originally posted by: johnnyboy

I have no objection with people gambling, just tax it accordingly.

Sure, of course you have to pay tax on winnings. No diff then lottery or any other winning of money/prizes


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QOP = Terrorists
 11/05/2021 07:42 AM
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Central Floridave

Posts: 50354
Joined Forum: 07/22/2003

DraftKings, FanDuel Fight to Crack Tribe's Sports-Bet Monopoly

(Bloomberg) -- The Seminole Tribe, whose gambling empire rakes in $3 billion a year for its 4,200 members, is fighting a campaign by some of the biggest names in gambling to take a piece of its Florida sports betting monopoly.

Two wager giants, DraftKings Inc. and FanDuel Inc., have pumped $10 million each into getting a referendum on Florida ballots next year to legalize sports betting outside Seminole lands. Las Vegas Sands Corp. kicked in $17 million for a separate referendum to open up gambling in Jacksonville and the Panhandle. They've hired hundreds of signature gatherers, backed by high-powered lobbyist-consultants, and launched a media campaign for a piece of the tribe's gambling deal, recently enshrined in a so-called compact with Governor Ron DeSantis.

A Miami casino, Magic City, and other opponents have filed lawsuits to block the compact signed in May, which gives the Seminoles a 30-year lock on sports-betting in Florida. The tribe pledged to give Florida a cut of the riches, forecast to top $20 billion over the life of the deal.

There are other challenges. On Friday, a federal court in Washington is hearing a lawsuit seeking to stop the compact from going into effect. Rival casinos, Florida business leaders and gambling opponents say the deal violates federal law as well as the Florida constitution, which says voters have a say in any expansion of gambling.

"People don't want a monopoly, they want competition," said Christina Johnson, a spokeswoman for Florida Education Champions. That's the political action committee behind the DraftKings and FanDuel campaign to allow any gaming company to offer sports betting. "They want a free market, they want to be able to choose where they want to bet."


The Seminole Tribe is pushing back with its own campaign. It's spending at least $10 million on a media blitz and has deployed its own army to gather signatures for a non-binding petition to protect its control over sports betting, slots and some card games. The Seminoles are even hiring away paid petitioners to make it harder for DraftKings, FanDuel and Sands to gather voters' signatures. They need the names by February 1 to get their referendums on the 2022 Florida ballot.

The tribe argues that its compact guarantees the state the most money for the fewest casinos, preventing an unseemly proliferation of gambling parlors.

"The Tribe is prepared to spend whatever it takes to protect the Compact, the billions of dollars guaranteed to the state and the Tribe's Florida businesses," the Seminole's spokesman, Gary Bitner, said in a written statement.

Since 2018, when the U.S. Supreme Court allowed states outside of Nevada to offer sports betting, the practice has exploded to 31 states. But with 17 million adult residents and tens of millions of visitors every year, Florida is among the most lucrative. Within three years, Florida could reap $10 billion annually in sports wagers, generating $1 billion of operating revenue, according to industry news site PlayFL.com. Under the compact, the Seminoles could allow operators like DraftKings and FanDuel to run online betting platforms, but only if they give the tribe a 40% cut of wagers and park their servers on tribal lands.

DraftKings, FanDuel and Sands declined to comment.

The compact also allows the tribe to open three new casinos and offer roulette and craps. In exchange, the state can license new casinos as long as they're at least 15 miles from the guitar-shaped Seminole Hard Rock Hotel & Casino near Fort Lauderdale.

That clause has led to speculation that it's designed to allow former President Donald Trump, a close ally of DeSantis, to offer gambling at Trump National Doral Miami. Eric Trump, the ex-president's son and an executive at the family company, has suggested Trump Doral would be an ideal venue for gambling. The Trump Organization didn't respond to a request for comment.

Some opposed to the compact say this is why they are fighting it.

"The reason that the existing compact is so grotesque is not just the expansions that it authorizes, but it's also these non-tribal expansions that it opens the door to," said John Sowinski, an Orlando political consultant specializing in ballot campaigns who wrote a successful 2018 constitutional referendum requiring voters' approval for more gaming. Sowinski's No Casinos advocacy group is a plaintiff in one of the Washington lawsuits.

The Seminoles got into the gaming business around 1971 with bingo halls and opened the first casino when the National Indian Gaming Regulatory Act permitted it, in 1988. Until the 1970s, most of the tribe lived in poverty on sliver-like reservations across Florida after surviving four centuries of war with Spanish and U.S. Forces. In 1953, the U.S. House unsuccessfully tried to terminate the Seminoles' official recognition.

They bought Hard Rock International in 2007, in one of the largest corporate expansions by a Native American tribe.


Now the Seminoles have one of the biggest gambling empires in America, with seven casinos in Florida and dozens of other Hard Rock properties around the world. The tribe doesn't disclose its financials, but Moody's estimates it reaps $3 billion of annual revenue. "They're probably the most profitable Indian gaming business," said Keith Foley, a Moody's analyst.

The tribe paid the state more than $300 million annually before halting the payments in 2019, arguing that Florida had violated an earlier compact by allowing casino expansion elsewhere. Under the new compact, the Seminoles say Florida will get at least $500 million a year in taxes in each of the first five years.

The Florida legislature approved the compact by a wide margin, but some lawmakers say the state could have done better.

"I don't understand why we had to give them a monopoly," said Republican state Senator Jeff Brandes, one of the few dissenters in Tallahassee. "Ultimately, it came down to money. They saw all that instant money and didn't think of the longer-term implications."

https://www.bnnbloomberg.ca/dr...bet-monopoly-1.1677577

 11/05/2021 07:53 AM
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RustyTruck

Posts: 27919
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Go Noles

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“We live in capitalism. Its power seems inescapable. So did the divine right of kings.”
- Ursula K. Le Guin
 12/05/2021 12:25 PM
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Central Floridave

Posts: 50354
Joined Forum: 07/22/2003

It is now illegal. Can i get my lost money back?
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