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Recondo 101

Seminole Nation Gets Largest Gaming Compact

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In May the state of FL approved a gaming compact with the Seminole Nation to allow the Seminole Nation to offer sports betting, craps and roulette in their casinos, open three new casinos and also to offer mobile betting, including pro-betting (plays, players, parts of games) on line to all Florida residents over 21 years of age. The Compact was approved by the FL Legislature and FL Senate. The Compact was approved by the US Dept of the Interior in August 2022. This historical agreement, the largest in gaming history, represents a 60% split in revenues to the state with a $500 million dollar payment to FL per year with a possible $6 Billion in total payments. A million here and a million there and you are talking some real money.

This has the potential of creating a very real competitor for the world’s largest gambling locations, because of Florida’s location, with its entertainment and transportation facilities.




Not bad, not bad at all for a bunch of swamp folks that turned cows, into an empire, then into casinos.

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