After lawmakers approved a new 30-year gambling online slots in May, the Seminole Tribe of Florida entered into agreements under which it will offer online sports betting services through five local betting establishments.

According to a Miami Herald report published Thursday, the revised agreement gave the federally recognized tribe permission to offer online sports betting on an exclusive basis to players in Florida, as long as all related computer servers are located on aboriginal lands. The revised treaty approved by Governor Ron DeSantis, allegedly contains a clause that also allows local wagering operations to sell such services on behalf of the Seminole Tribe of Florida in exchange for a 40 percent share of any associated profits.

Five-Party Alliance:

The newspaper reported that the Seminole Tribe of Florida has reached an agreement under which the Palm Beach Kennel Club and Hialeah Park Casino and Tampa Bay Downs will promote its sports betting services. In addition, this club of partners presumably includes TGT Poker and Racebook in Tampa as well as Ocala Gainesville Poker from Ocala Breeders' Sales Company, though the tribe has not yet announced an official start date for any of its online sports betting operations.

The lucrative license:

Jim Allen is the executive director of the Seminole Tribe's gaming division, and he reportedly told the Miami Herald that his organization looks forward to signing more such parimatch unions in the near future and taking advantage of the recent opportunity to offer games like roulette and craps in its land-based casinos. As also the chairman of the board of directors of the Florida Seminole Tribe's Hard Rock International venture, the executive allegedly said the state should receive an additional $2.5 billion over the next five years, including an initial payment of $37 million last month, according to the gaming compact.

Allen reportedly told the newspaper...

"Today's announcement is a continuation of the Tribe's commitment to include parimutuel marketing partners in Florida sports betting. They are a critical component to the upcoming launch of sports betting throughout the state of Florida."

Momentum:

For his part, DeSantis released a statement shortly after signing a revised gambling deal with the Seminole Tribe of Florida, calling the deal "historic." The 43-year-old Republican now hopes the Sunshine State will become the next U.S. jurisdiction to use the 2018 repeal of the Professional and Amateur Sports Protection Act (PASPA) to raise much-needed funds to fund a number of community projects and programs.

DeSantis reportedly said in a statement the following.

"This agreement will not only generate a guaranteed $2.5 billion in revenue over the next five years, but it will also unite Florida wagering businesses from across the state in a creative partnership with the Seminole Tribe of Florida, providing expanded access to safe and transparent sports betting in Florida."

You may also like this article: Spearhead Studios introduces new online slot John Daly: Spin It and Win It

213a1d9d4a275d589c5965147ebc5a7e