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[infogram id=”_/uGai1veelZHBsmQ96UDV” prefix=”bJf” format=”interactive” title=”EGRUS Florida – Market data”]

LEGALIZATION DATE
New Compact Execution: April 23, 2021; Legislation enacted May 25, 2021
Federal Register Publication Date: August 11, 2021. U.S. DOJ did not deny or approve the 2021 Tribal State Compact, it is automatically deemed approved by operation of law.

MARKET LAUNCH DATE
Online: November 7, 2023
Retail: December 7, 2023

AUTHORIZED OPERATORS
Seminole Tribe of Florida and online operators. Further, the Seminole Tribe is to negotiate in good faith with pari-mutuel operators to allow the operators to market and provide similar sports wagering services on behalf of the tribe.

RESTRICTED BET TYPES
Prop betting on all collegiate events.

AGE REQUIREMENT
Must be 21+

BETTING ACCOUNT REGISTRATION
Customers of online sportsbooks are not required to register or fund their accounts in person

TAX RATE
13.75% of tribal-generated sports betting revenue (will increase to 15.75% if the tribe does not reach a marketing deal with at least three pari-mutuel operators by the time the tribe commences sports betting operations).

10% of sports betting revenue generated by the tribe from qualified pari-mutuel operator marketing services agreements.

TAX REVENUE ALLOCATION
3% allocated to local counties and municipalities; 10.75% distributed at state’s discretion

LICENSE FEES
None for tribe and pari-mutuels.  Online operators – TBD

OFFICIAL DATA MANDATE
None

INTEGRITY FEE
None