The federal government has given its approval to the compact between the state of Florida and the Seminole Indian Tribe, which will result in sportsbetting operations launching in the Sunshine State in October as a result.
The approval came from the US Department of the Interior, in which the government actually states that it neither approves or denies (!) of the compact, therefore letting it pass into a binding agreement. The decision came in a 12-page letter that analyzes the agreement, which will last for 30 years between the state and the tribe.
The two groups agreed for the Seminoles to pay out $500 million to the state for the exclusive rights to offer sportsbetting services, and will also pay out a portion of their revenues after the initial five years of the deal. The tribe also holds the exclusive rights to offer table games at their casinos, with games like blackjack only able to be played on-site.
Currently, the plan is that sportsbetting services will start on October 15th, with land-casinos offering retail kiosks, as well as online and mobile options being put forth as well.
We're following this story and will be updating readers as we learn more about the specific launch plans.