The state of Florida and the Seminole Tribe of Native Americans announced that they've come to terms to see sportsbetting, roulette, and craps rights being provided through the tribe's land casinos in the Sunshine State.
In addition, sportsbetting services will be available through online channels as well, which will see action able to be taken on sports like football, basketball, hockey, and baseball. The Seminole Tribe already has rights to draw games like blackjack, which they offer at their Hard Rock Casino.
The agreement is good for 30 years and will have to be approved by the state legislature before the games can be implemented. If passed, the deal is expected to bring in about $2.5 billion in revenues to the tribe over the next five years.
Commenting on the agreement Seminole Tribe of Florida Chairman Marcellus Osceola Jr. said, "This is the best deal for everybody. It's not in favor of the tribe or the state. It's in favor of both parties."
We're following the story and will be updating readers as we learn more.