"Florida Strikes Historic Compact"
The new Seminole Compact is a historic deal between the people of the State Florida and the sovereign nation of the Seminole Tribe of Florida.
Announced by Florida Governor Ron DeSantis and Seminole Tribe of Florida Chairman Marcellus Osceola Jr. in April 2021 and approved by the Florida Legislature during a special legislative session in May 2021, the Seminole Compact was deemed approved by the U.S. Department of the Interior in August of this year.
The historic deal is the largest gaming compact in U.S. history and guarantees billions of dollars in new revenues for Florida. Currently, no revenues were being provided to the State of Florida. The compact sets a new standard for revenues, while ensuring protections for the pari-mutuel industry and the local jobs they create.
"We Just Trust the Tribe"
-Gov. Ron DeSantis
Leaders throughout Florida had this to say about the
Seminole Compact’s approval by federal authorities:
NEW SEMINOLE COMPACT
Provides Florida $6 billion in revenue over the next decade, guaranteeing $2.5 billion in the next five years.
Estimated to create over 2,200 new Florida jobs.
Modernizes the gaming industry by creating a legal construct for sports betting in Florida and provides a structure for local pari-mutuels to participate.
Keeps Florida family-friendly by limiting casinos.
Billions more in economic impact for our state and businesses.
VIEW MORE BENEFITS
PAID FOR BY THE SEMINOLE TRIBE OF FLORIDA