Florida is known for having a fairly strict set of gambling regulations. For years, certain officials here have been pushing to change these regulations. It seems that some progress is being made. Reports have confirmed that Governor Ron DeSantis has approved new gambling rules in Florida.
Many are excited to see these new measures passed. Of course, it will take time for anything to really change here. Now is a great time to look at what new gambling options could soon become available in the state.
Let’s get into it!
More States Report Increases in Gambling Revenue
The United States is beginning to see some major improvements in regards to the Covid-19 crisis. Over the past few months, infection rates have begun to drop around the country. Hospitalizations are down and vaccine distribution continues to ramp up.
As this situation improves, states are seeing their economies ramping back up. Travel has begun to increase around the country. Many businesses that rely on tourism are seeing their revenue figures increase.
That is certainly the case with casinos around the country. For months last year, the country’s entire land-based gambling industry was shut down. Things began to reopen over the summer, yet gaming revenue has remained extremely low for almost a year.
Casinos have begun to report major increases in their revenue numbers. Over in Las Vegas, tourism numbers are surging and casino-resorts are seeing huge jumps in their visitation rates. This is expected to increase further after the casinos here will be able to operate at 100% capacity in June.
Many states have recently begun to expand their gambling options. The massive amount of revenue being earned from this industry is becoming too attractive to pass on. It’s an exciting time for gambling fans around the country.
There has been a serious push to update Florida’s gambling regulation in recent years. Here’s what you need to know about this situation.
Gov. DeSantis Approves New Gambling Rules in Florida
Florida is one of the most populated states in the country. Many lawmakers and residents here have been pushing to expand the state’s gambling regulations for years. It hasn’t been easy due to the major pushback by the more conservative officials here.
Things have begun to change recently. A growing number of leaders in the state have been in negotiations with the Seminole Tribe on ways to expand gambling options in the state. At the moment, this tribe controls much of Florida’s gambling operations.
A major breakthrough was achieved this week. News has confirmed that Ron DeSantis has approved new gambling rules in Florida. If all goes according to plan, this could help to bring legalized sports betting to the state. First, it will need to be approved by the state legislature.
The new measures would allow both online and land-based sports betting in Florida. A 21 year age requirement would be set for sports betting here. The plan from DeSantis would also expand the number of casino options that the Seminole Tribe could offer.
Not everyone is on board with this idea. John Sowinski, a prominent anti-gambling voice in the state, spoke to the media and claims the decision to make new gambling rules in Florida should come down to a public vote.
“We call on the governor and our legislators to honor the will of the people, who demanded that any new casino gambling authorization occur at the ballot box, not behind closed doors in Tallahassee,” he said. “We are committed to defending the integrity of Florida’s Constitution, and ensuring that the will of the people is respected.”
Several steps are still needed to make changes here. Stay tuned for updates over the next few months!
Sports Betting Continues to Grow More Popular
Compared to most other countries, the United States’ sports betting industry is still in its infancy. It wasn’t until 2018 that any state other than Nevada was allowed to legally offer sports gambling options. With PASPA now gone, more than half the country has already approved sports gambling legislation.
This form of gambling is growing more popular every single year. As a result, states are seeing massive revenue figures coming in. Some, of course, are seeing more money from this industry coming in than others.
February ended up being a fairly unsuccessful month for the country’s sports betting industry. A large number of winning Super Bowl wagers led to handle decreases for many states. Things bounced back in a big way in March.
Several states posted large increases in sports betting revenue last month. Most analysts expect to see the same in April. It’s an exciting time for the industry and proves that the US is now home to the biggest sports betting market in the world.
It may not be long before states like California and Texas legalize sports gambling. Lawmakers in both of these states have been working with other state leaders on the issue. Even Florida seems close to getting its sports betting industry operational.
Are you excited to hear about the new gambling rules in Florida being approved? Do you think sports betting will become available here in 2021? Let us know in the comments section below!