THE SEMINOLE COMPACT
A HISTORIC DEAL FOR FLORIDA
Seminole Compact - What We Know
"Florida Strikes Historic Compact"
-CBS
The new Seminole Compact is a historic deal between the people of the State Florida and the sovereign nation of the Seminole Tribe of Florida.
Announced by Florida Governor Ron DeSantis and Seminole Tribe of Florida Chairman Marcellus Osceola Jr. in April 2021 and approved by the Florida Legislature during a special legislative session in May 2021, the Seminole Compact was deemed approved by the U.S. Department of the Interior in August of this year.
The historic deal is the largest gaming compact in U.S. history and guarantees billions of dollars in new revenues for Florida. Currently, no revenues were being provided to the State of Florida. The compact sets a new standard for revenues, while ensuring protections for the pari-mutuel industry and the local jobs they create.
"We Just Trust the Tribe"
-Gov. Ron DeSantis
$6
BILLION
THROUGH
2030
THOUSANDS
OF NEW
JOBS
+
Governor Ron DeSantis
Senate President Wilton Simpson
House Speaker Chris Sprowls
Marcellus Osceola Jr. Chairman, STOF
“The final approval of this historic gaming compact is a big deal for the State of Florida. This mutually-beneficial agreement will grow our economy, expand tourism and recreation and provide billions in new revenue to benefit Floridians. I again want to thank Seminole Tribe of Florida Chairman Marcellus Osceola Jr., Senate President Wilton Simpson and House Speaker Chris Sprowls for their part in getting this done for our great state.”
-Governor Ron DeSantis
“I thank Governor DeSantis, House Speaker Chris Sprowls and the Seminole Tribe for their hard work and leadership to provide new opportunities for Florida’s legacy pari-mutuel industry, ensure oversight and accountability in gaming and secure billions of dollars in new revenue to invest in Florida’s future.”
-Senate President Wilton Simpson
“The approval of the Florida gaming compact by the Department of the Interior clears the way for a mutually beneficial arrangement to Florida taxpayers and the Seminole Tribe. After years without a compact, I’m pleased the Governor, the Seminole Tribe of Florida and the Legislature could come to an agreement.”
-House Speaker Chris Sprowls
In addition, Chairman Osceola of the Seminole Tribe of Florida expressed his appreciation of the hard work between the Seminole Tribe and the people of Florida to secure this mutually-beneficial agreement.
“Today is a great day for the people of Florida, who will benefit not only from a $2.5 billion revenue sharing guarantee over five years, but also from statewide sports betting and new casino games that will roll out this fall and mean more jobs for Floridians and more money invested in this state. We thank Governor DeSantis, President Simpson, Speaker Sprowls and the Florida Legislature for their leadership and hard work.”
-Marcellus Osceola Jr.,
Chairman of the Seminole Tribe of Florida
Leaders throughout Florida had this to say about the
Seminole Compact’s approval by federal authorities:
NEW SEMINOLE COMPACT
BENEFITS FLORIDA
Provides Florida $6 billion in revenue over the next decade, guaranteeing $2.5 billion in the next five years.
Estimated to create over 2,200 new Florida jobs.
Modernizes the gaming industry by creating a legal construct for sports betting in Florida and provides a structure for local pari-mutuels to participate.
Keeps Florida family-friendly by limiting casinos.
Billions more in economic impact for our state and businesses.
VIEW MORE BENEFITS
PAID FOR BY THE SEMINOLE TRIBE OF FLORIDA