Online Gambling Could Complicate Seminole Deal In Florida

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The Seminole Indian tribe and lawmakers in the state of Florida reached a historic agreement this week regarding the future of casino gambling. The Seminoles have negotiated for the right to offer blackjack and Vegas-Style slots in exchange for massive amounts of money.

The money paid to the state will come from an up front fee and also from annual revenue sharing payments from the slots and the blackjack games. Several key factors, however, could stop these payments to the state in the future.

One of the most popular discussions among lawmakers around the country has to do with Internet gambling. Several states have discussed regulating online gambling, and Florida lawmakers will have an interesting decision to make if these choose to regulate Internet gambling.

Language in the new deal with the Seminoles suggests that if Florida was to regulate online gambling, and the Seminoles were not allowed to operate Internet gambling websites, then the minimum guaranteed payment made to the state would be eliminated. A stipulation to this is the Seminoles would have to see their profits drop by five percent to invoke this clause.

Online gambling may be several years away in Florida, and lawmakers have the right to re-examine the gambling agreement with the Seminoles after five years. At that time, if the state chooses to stop all blackjack games, the Seminoles would no longer have to pay Florida any of their revenue from either slots or blackjack.

If the state were to expand the blackjack games to other gaming facilities, the Seminoles would no longer have to pay the same rate on their blackjack revenue that they have agreed to in this deal. The slot revenue payments would remain unchanged.

April 8, 2010
Posted By Tom Jones
Staff Editor, CasinoGamblingWeb.com
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