When is Sports Gambling Legal in Florida?
May 27, 2022When is sports gambling legal in Florida? The answer to that question depends on the specific circumstances. For example, the Seminole Tribe has argued that the gambling operation should be limited to its own land, but the fact is that the application was available all over the state. The Seminole tribe is appealing the decision, and sports gambling in Florida is unlikely to happen until 2023. However, a growing consensus supports legalization.
HB 1317, introduced by democrats Chip LaMarca and Anika Omphroy, would have made sports wagering legal in Florida. The bill would have specified the legality of wagers and set tax rates. A sportsbook would have to pay a 22.5% gross revenue tax, the highest in the country. However, the bill failed in a regulatory reform subcommittee.
Despite these issues, Florida will eventually offer legal sports betting. It was only in November 2021 that Hard Rock Florida opened. But a court decision blocked the move. This decision paved the way for legalized sports gambling in Florida. Hard Rock Florida’s mobile betting app is one example of how this could happen. It’s not clear when exactly online sports betting will start, but it could be as early as 2025.
While there are several options for legal sports betting in Florida, two of the most popular are offshore sites and the domestic ones. BetUS and BetOnline are two of the most popular sportsbooks in Florida. They offer competitive odds, bonuses, and tens of thousands of markets. But the question is, when is sports gambling legal in Florida? Currently, legal sports gambling is prohibited in most states, but there are options to circumvent the state’s laws and use an offshore book.
Several companies have proposed an online sportsbook in Florida, including Hard Rock, which owns the Seminole Tribe. Hard Rock would own the exclusive online rights in the state, and would have the right to negotiate with other online operators and pari-mutuel facilities. Hard Rock, with its online sportsbook in three states, is already one of the leading national wagering operators in the country.
Sports gambling in Florida should not be legalized right away. The state government may not be able to afford to pass on the revenue generated by the sports betting industry in New Jersey. For example, the state government of New Jersey recently said that the sports gambling industry there brought in nearly $50 million in October and $59 million in November. However, the New Jersey sports betting industry is still not ready to accept legalized sports betting in Florida yet.