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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.
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To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
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NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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