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DFS Progress in Florida
DAILY FANTASY SPORTS BILL MAKING PROGRESS IN FLORIDA (Update)
Mainly land gambling bill contains DFS legality clauses.
Florida state Senator Bill Galvano and his colleagues sent a strong signal this week that they intend to advance a gambling expansion bill that includes daily fantasy sports elements among its mainly land gambling provisions.
Galvano is a sponsor of bill SB8, through which senators hope to raise additional state revenues of up to $525 million annually, and the signal was sent by the bill's rapid progress so early in the legislative season through the Senate Regulated Industries Committee without an amendment or debate, a sign that the Senate “is very serious” about advancing an issue that has stalled for years.
Florida faces a state budget deficit of almost $1 billion, and the pressure is on to find financial solutions without raising taxes.
“Sure it’s about online gaming, but it’s also about creating stability for a dubious marketplace,” Galvano told local reporters this week.
“It’s about establishing predictability for our state budget. It’s about protecting programs that exist in our state and creating funding opportunities.”
Galvano stressed that the bill builds upon work done by previous legislators and ratifies most of the 2015 gaming accord reached between the Seminole tribe and Gov. Rick Scott that allowed the tribe to convert all seven of its casinos to full casinos with blackjack, roulette and craps in exchange for $325 million in revenue sharing each year.
Among the changes to the 2015 deal, the proposal also:
▪ Regulates fantasy sports under a new Office of Amusements within the Department of Business and Professional Regulation, including issuing licenses of up to $500,000 to operate fantasy sports contests in Florida;
▪ Allows one additional slots license in Broward and Miami-Dade counties and allows all Broward and Miami-Dade casinos to have 25 blackjack tables;
▪ Allows slot machines in Brevard, Duval, Gadsden, Hamilton, Lee, Palm Beach, St. Lucie and Washington counties where voters have approved proposals to convert dog tracks, horse tracks and frontons to slots casinos; allows other counties to approve slot machine licenses after Jan. 1, 2018;
▪ Allows dog and horse tracks and jai-alai frontons to end live racing and games, known as “decoupling,” but limits the window when horse tracks can decide to end racing;
▪ Reduces pari-mutuel taxes, particularly for dog racing, and requires higher injury reporting for greyhound racing;
▪ Reduces the tax rate on slot machines from 35 percent to 25 percent;
▪ Attempts to boost horse racing by supplementing the purse pool for live races up to $20 million;
▪ Revokes dormant pari-mutuel permits and prohibits the state from allowing any new permits except those authorized in the bill;
▪ Allows the division to use $20 million to buy back active racing permits;
▪ Allows all pari-mutuel card rooms to offer player-banked card games, ending the uncertainty of the pending litigation.
Gambling News :
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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