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FL Budget Uncertain due to Seminole Compact

July 19, 2015

The lack of a gaming compact between the Seminole Tribe of Florida and the state has caused a problem in forecasting the state budget.

The tribe owns seven casinos. $116 million was earned from the operation of black jack. The game is offered at five of their casinos. At the end of this month the compact is set to expire. Part of the compact gives exclusive rights of banked games to the tribe.

Recently Florida lawmakers approved the operation of electronic blackjack at racinos. Lawyers for the tribe believe that the state is in violation of the compact.

The Seminole's have requested the compact to be extended for one more year. However, the state has not responded. There is a strong possibility that the issue will be handled in mediation.

If the exclusive games are eliminated from the compact, then other casinos will be able to offer them as well.

Last year $225 million was earned in casino tax money from the Seminole Tribe's gaming operations.

Return to Florida Casinos.

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