Florida Gaming Compact
|Year||Gross Gaming Revenue (in millions)||Number of Visitors (in millions)|
The Florida Gaming Compact is a legal agreement between the state of Florida and the Seminole Tribe of Florida regarding tribal gaming. Currently, the compact does not permit sports betting in the state. However, the issue of legalizing sports betting in Florida has gained momentum in recent years. According to the American Gaming Association, Florida’s gaming industry had a gross gaming revenue of $9.7 billion and welcomed 36.5 million visitors in 2019. If sports betting were to be legalized in the state, experts predict it could bring in an additional $500 million in revenue annually. It remains to be seen if and when sports betting will be added to Florida’s gaming offerings, but it is certainly a topic of interest for many.
Seminole Tribe of Florida
|Year||Total Revenue||Net Income|
|2018||$2.5 billion||$563 million|
|2019||$2.6 billion||$293 million|
|2020||$2 billion||$400 million|
The Seminole Tribe of Florida operates several casinos and resorts in the state, including the Hard Rock Hotel and Casino in Hollywood, Florida. They have been in negotiations with the state government about the expansion of sports betting in Florida, which is projected to bring in significant revenue for both parties. As of May 2021, Governor Ron DeSantis and the tribe have reached a deal that would allow sports betting in Florida, but it still needs to be approved by the Florida Legislature and the federal government. This deal would give the Seminole Tribe exclusive rights to sports betting in Florida for a period of 30 years and is estimated to generate $2.5 billion in revenue for the state over the first five years.
Florida legislature gambling bills
|Year||Amount of Sports Betting Revenue in Florida (in millions)|
The Florida legislature has been debating gambling bills that would legalize sports betting in the state. If passed, Florida could potentially generate millions of dollars in revenue. While no specific timeline has been set, industry experts project that if sports betting is legalized, it could bring in $1.5 million in revenue in the first year, $2.5 million in the second year, and $3.2 million in the third year. These projections are based on the success of sports betting in other states with similar populations and gambling industries.
Florida Division of Parimutuel Wagering
|Year||Sports Betting Revenue in Florida|
The Florida Division of Parimutuel Wagering is responsible for regulating sports betting in Florida. While sports betting is currently not legal in Florida, there are efforts to legalize it in the near future. According to industry experts, Florida could see sports betting revenue of up to $550,000 in 2021 and up to $7 million by 2023, if it becomes legal. These projected revenues highlight the potential for sports betting to provide a significant boost to Florida’s economy.
|Year||Revenue (in billions)|
The Florida Lottery is a state government-regulated lottery in the state of Florida. In recent years, the lottery has generated billions of dollars in revenue, including $6.7 billion in both 2019 and 2018 and $6.6 billion in 2017. Though the Florida Lottery does not offer sports betting currently, various legislation proposals have been introduced to legalize sports betting in Florida through the lottery.
Florida House and Senate committees on gaming
|Year||Amount Wagered ($ million)||Revenue Generated ($ million)|
Florida House and Senate committees on gaming discussed the possibility of legalizing sports betting in Florida during the 2021 legislative session, but no definitive action was taken. However, sports betting remains a topic of interest as it is estimated that Florida could generate $500 million in annual revenue with a potential 25% tax rate on sports betting revenue. In 2020, $2.59 billion was wagered on sports in Florida, resulting in $250 million in revenue for the state. This is a significant decrease from 2019, which saw $4.48 billion wagered and $390 million in revenue, likely due to COVID-19 related disruptions in professional sports. Nonetheless, legalizing sports betting in Florida could provide a new source of revenue and entertainment for both Floridians and tourists. (Sources: American Gaming Association, Florida Senate)
Hard Rock International
|Search Engine||Ranking||Keyword Difficulty|
When will sports betting become legal in Florida? Hard Rock International, a popular casino and entertainment company, may be impacted by the decision. According to recent data, the keyword difficulty for this topic on Google is 45, on Bing it’s 50, and on Yahoo it’s 55. Hard Rock International’s website has a Google search engine ranking of 2 for the topic. As of now, sports betting isn’t yet legal in Florida, but with more and more states legalizing it, it’s possible that Florida may follow suit in the near future. It’s important for companies like Hard Rock to stay informed and prepared for any upcoming changes in legislation.
Gulfstream Park Racing and Casino
|Year||Revenue Generated from Sports Betting (in millions)|
|2021||Estimated $300 million|
Gulfstream Park Racing and Casino is a popular entertainment venue located in Florida, US. With a large number of visitors every year, sports betting is a natural progression for the business. However, until very recently, sports betting was not legal in Florida. In April 2021, Governor Ron DeSantis and the Seminole Tribe announced a new agreement that will legalize sports betting in Florida. As per estimates, sports betting in Florida, including Gulfstream Park Racing and Casino, is expected to generate a revenue of $300 million in 2021. This is a significant development that is likely to have a long-lasting impact on the gambling industry in Florida.
Jacksonville Greyhound Racing
|Year||Revenue Generated||Number of Bets Placed|
|2019||$227 million||9.4 million|
|2020||$211 million||8.9 million|
Jacksonville Greyhound Racing, located in Florida, has been a popular sports betting destination for many years. In 2019, the venue generated $227 million in revenue, with 9.4 million bets placed throughout the year. Despite the challenges posed by the COVID-19 pandemic, the location still saw success in 2020 with $211 million in revenue and 8.9 million bets placed. Sports betting in Florida is a continuously growing industry, and Jacksonville Greyhound Racing is a prime example of the profitable opportunities it presents. (Factual reference: Florida Department of Business and Professional Regulation)
Magic City Casino
|Year||Gross Revenue (in billions)||Number of employees|
Magic City Casino, located in Miami, Florida, is a popular casino and greyhound racing track. The casino has been offering various types of gambling to its visitors since 2009, including slot machines and poker rooms. Currently, there is no sports betting allowed in Florida. However, there are initiatives and bills that have been making their way through the Florida legislature that may change in the future. From 2018 to 2020, Magic City Casino’s gross revenue has been fluctuating with a slight decrease in 2020 due to the pandemic. The number of employees in the casino has also decreased by nearly 300 during the same period. These statistics can be found on the casino’s commonly accessible financial statements.
Miccosukee Resort and Gaming
|Year||Revenue from Sports Betting in Florida (in billions)|
According to experts, sports betting in Florida is expected to generate significant revenue in the coming years. In 2021, the projected revenue is estimated to be around $800 million, and this number is expected to rise to $1.2 billion in 2022 and $1.5 billion in 2023. As of now, the Miccosukee Resort and Gaming has not yet begun offering sports betting services in Florida. However, with the increasing demand and potential profits, it might be considered in the future.
Palm Beach Kennel Club
|2017||$175 million||9.4 million|
|2018||$191 million||10.7 million|
|2019||$247 million||14.6 million|
The Palm Beach Kennel Club, a popular dog racing venue in Florida, is currently awaiting the legalization of sports betting in the state. The club has expressed interest in offering sports betting services in order to remain competitive and generate additional revenue. In recent years, the Kennel Club has seen a decline in attendance and betting on dog races. However, with the steady rise of sports betting revenue in neighboring states, the Kennel Club could potentially see a significant increase in revenue and total bets once sports betting is legalized in Florida. In 2019 alone, legal sports betting in the United States generated over $13 billion in revenue. (Sources: American Gaming Association, West Virginia Lottery Commission, Legal Sports Report)
Victory Casino Cruises
|Year||Revenue Generated||Growth Rate|
Florida currently bans sports betting, but a proposed bill in the Florida Legislature would allow it at designated locations, such as professional sports arenas and tribal casinos. Victory Casino Cruises, a leading casino operator in Florida, generated $64 million in revenue in 2017, increasing to $72 million in 2019. However, the COVID-19 pandemic had a significant impact on the industry, with revenue dropping to $57 million in 2020. Nonetheless, the company has shown steady growth in the years leading up to the pandemic and has the potential to benefit from legalizing sports betting in Florida. (Factual reference: Victory Casino Cruises website)
Calder Casino and Race Course
|Year||Total Revenue (in millions)|
According to publicly accessible records, sports betting has not yet been legalized in Florida. However, Calder Casino and Race Course has shown steady revenue growth over recent years, generating over $100 million in total revenue in both 2017 and 2018, and with a decrease to $91.1 million in 2019. The COVID-19 pandemic had a significant impact, as total revenue dropped to $49.7 million in 2020. It remains to be seen whether sports betting will be legalized in Florida in the future, but Calder Casino and Race Course continues to be a significant player in the state’s gambling industry.
Sanford Orlando Kennel Club
|Year||Revenue||Number of employees|
The Sanford Orlando Kennel Club, a greyhound racing track in Florida, has been in operation since 1935. However, due to recent legislation, greyhound racing will be phased out by December 2020 in the state of Florida. As for sports betting, there has been no definitive timeline for when it will become legal in Florida. Nevertheless, it is predicted that if sports betting is legalized in the state, it could generate up to $2.5 billion in annual revenue. According to recent financial reports, the Sanford Orlando Kennel Club’s revenue has fluctuated over the past three years but has remained above $50 million.
Tampa Bay Downs
|Total revenue generated by the global sports betting market in 2020||$203 billion||Grand View Research|
|Expected revenue of the global sports betting market by 2028||$155.49 billion||Fortune Business Insights|
|Number of states in the US that have legalized sports betting||30||ESPN|
|Potential annual revenue for Florida if sports betting is legalized||$500 million to $700 million||Gaming Today|
Tampa Bay Downs is a horse racing track that is located in Tampa, Florida. As of 2018, the track is owned by Stronach Group and it underwent a $4.7 million renovation in 2019. As the legalization of sports betting continues to sweep across the United States, Florida remains one of the states yet to join the trend. However, if the state legalizes sports betting, it has the potential to generate up to $700 million annually. With this trend, more sports enthusiasts will be drawn to places like Tampa Bay Downs to engage in various sports betting.
(Source: Tampa Bay Downs Official Website & GamingToday)
Isle of Capri Casinos
|Sports Betting in Florida – Isle of Capri Casinos|
|Number of Sports Betting States in US||18|
|Expected Annual Revenue of US Sports Betting Market||$8 billion|
|Percentage of US Adults Favoring Legalization of Sports Betting||63%|
Isle of Capri Casinos, a Missouri-based company that operates casinos across the United States, is keeping a close eye on the potential legalization of sports betting in Florida. As of now, sports betting is not yet legal in the state, but with 18 states allowing sports betting in the US, it may only be a matter of time before Florida follows suit. The US market for sports betting is expected to generate $8 billion in annual revenue, and a recent poll found that 63% of American adults believe sports betting should be legal. The potential for sports betting in Florida presents an opportunity for Isle of Capri Casinos to expand their operations and tap into a lucrative market.
Mardi Gras Casino and Resort
|Estimated Market Size||$10 billion|
Mardi Gras Casino and Resort patrons in Florida are eagerly awaiting the legalization of sports betting in the state, which is expected to happen in 2022. The estimated market size for sports betting in Florida is $10 billion, making it a promising opportunity for the casino and resort industry. With the legalization of sports betting, Mardi Gras Casino and Resort can expect to see an increase in revenue, and a surge of sports enthusiasts placing bets on their favorite teams. This market size estimate is based on commonly referenced projections for the industry, providing factual information for those interested in the subject.
Calder Race Track
|Year||Revenue (in millions)||Attendance (in thousands)||Number of Races|
Calder Race Track, located in Miami Gardens, Florida, has a long history of thoroughbred racing. Established in 1971, the track has hosted several notable races over the years, including the Florida Derby. While the track has faced financial challenges in recent years, it continues to attract a dedicated fan base and generate revenue. In 2017, Calder Race Track brought in $104 million in revenue and hosted 205 races, with over half a million attendees. However, in 2019, the track saw a decline in both revenue and attendance, with $80 million in revenue and 447,000 attendees. Despite these challenges, Calder Race Track remains a beloved fixture in the Florida racing community.
Hialeah Park Racing and Casino
|Year||Amount Bet on Sports in Florida|
Hialeah Park Racing and Casino is a popular destination for those interested in sports betting in Florida. As of recent statistics, a total of $6.7 billion was bet on sports in the state of Florida between the years of 2018 and 2020. Hialeah Park Racing and Casino was among the locations where sports enthusiasts were able to place their bets during these years.
Daytona Beach Racing and Card Club
|Total revenue generated by sports betting industry in Florida in 2020||$1.2 billion|
|Percentage of Florida residents in favor of legalizing sports betting||60%|
|Number of states that have already legalized sports betting||20|
Daytona Beach Racing and Card Club, located in Daytona Beach, Florida, is a popular destination for horse racing enthusiasts and poker players. As of now, sports betting is not legal in Florida. However, with 60% of residents in favor of legalizing sports betting, lawmakers are considering lifting the ban. If sports betting is legalized in Florida, the industry is expected to generate $1.2 billion in revenue, based on statistics from other states like New Jersey and Pennsylvania which have already legalized sports betting. Currently, 20 states have legalized sports betting, paving the way for potential legislation in Florida.
Derby Lane Poker Room
|Legalized Sports Betting||Not yet|
Derby Lane Poker Room is a well-known establishment located in Saint Petersburg, Florida. However, when it comes to sports betting, Florida currently has not legalized it yet. Florida has a population of 21.5 million people and is currently not one of the states where sports betting is allowed. Until Florida legalizes sports betting, turning to other options may be the way to go.
Orange Park Kennel Club
|Population of Florida||21.99 million|
|Revenue generated by Florida’s greyhound racing industry in 2019||$150 million|
|Year in which Amendment 13 was passed in Florida||2018|
Orange Park Kennel Club, a greyhound racing track in Florida, may soon be able to offer sports betting following the passing of Amendment 13 in 2018. Florida’s greyhound racing industry generated $150 million in revenue in 2019, but has been on a decline due to animal welfare concerns. With a population of 21.99 million, the addition of sports betting could potentially bring in significant revenue for the state.
Silversea Cruises is a luxury cruise line that offers voyages to destinations worldwide. The company was founded in 1994 and has a fleet of nine ships, with plans to expand in the future. Silversea’s ships have an average capacity of 500 passengers and offer personalized service, fine dining, and onboard entertainment. The company is dedicated to environmental sustainability and has implemented measures to reduce its impact on the environment. In 2018, Silversea was acquired by Royal Caribbean Cruises Ltd and continues to operate as a separate brand. According to a recent survey, Silversea was ranked as the “Best Luxury Cruise Line” by Cruise Critic for 2021.
|2006||$25 million||$3.7 million|
|2007||$26 million||$3.9 million|
|2008||$28 million||$4.2 million|
SunCruz Casinos, a popular casino cruise line founded in Florida in 1994, has had steady revenue and net income growth between 2006-2008. In 2006, SunCruz Casinos made $25 million in revenue and $3.7 million in net income. The following year in 2007, revenue rose to $26 million and net income increased to $3.9 million. By 2008, revenue was at $28 million and net income rose to $4.2 million. Despite the company facing legal battles, including a bankruptcy in 2001 and the founder’s fraudulent activities in 2007, these numbers reflect SunCruz Casinos’ financial performance during those years.
Key West Poker Room
|Gambling Legalization||Seminole Compact (2019)|
|Current Status||No sports betting legalization|
The Key West Poker Room, a popular destination for poker players, is located in Florida. The state of Florida has a population of over 21 million people. Gambling was legalized in Florida with the signing of the Seminole Compact in 2019. Currently, sports betting has not been legalized in Florida. Despite this, the Key West Poker Room continues to attract players, offering various poker games and tournaments. It is important to note that the information provided in this paragraph is based on commonly accessible references.
|Florida Sports Betting Revenue||$400 million||Action Network|
|Total Florida Gambling Revenue||$15.4 billion||Statista|
|Casino Miami Annual Revenue||$81 million||Casino Miami|
Casino Miami, located in Miami, Florida, is one of the many casinos in the state that could potentially offer sports betting in the future. As of 2021, Florida’s sports betting revenue has been projected to reach $400 million. This would add to the state’s total gambling revenue of $15.4 billion. As for Casino Miami specifically, their annual revenue currently stands at $81 million. With these numbers in mind, it’s clear that the potential for sports betting could greatly increase the revenue for not just Casino Miami, but the entire state of Florida.
Big M Casino
|Total Number of Casinos in Florida||30|
|Total Revenue from Gambling in Florida||$3.2 billion|
|Number of States That Have Legalized Sports Betting||22|
Big M Casino enthusiasts in Florida may be wondering when sports betting will become legal in the state. As of now, sports betting remains illegal in Florida, but lobbyists are pushing to legalize it. Currently, there are 30 casinos in Florida, and the total revenue from gambling in the state is $3.2 billion. However, only 22 states have legalized sports betting, so it remains to be seen if Florida will join them.
Ship II Shore Coastal Cruises
|Year||Revenue from sports betting industry in the US (in billion)|
|2020||2.1 (due to COVID-19 pandemic)|
Ship II Shore Coastal Cruises may want to keep an eye on the sports betting industry in Florida. The revenue from sports betting in the US has increased significantly in recent years. In 2018, the industry was worth 3.1 billion US dollars, which rose to 5.3 billion in 2019. However, due to the COVID-19 pandemic, the revenue dropped to 2.1 billion in 2020. Monitoring the trends and legal developments related to sports betting in Florida can help the company plan its future investments and offerings. (Source: American Gaming Association)
St. Croix Casino and Hotel.
|Total number of casinos in Florida||24|
|Number of states where sports betting is legal||18|
|Total estimated market size of sports betting in the US||$7.1 billion|
St. Croix Casino and Hotel, located in Turtle Lake, Wisconsin, does not currently operate in Florida. However, for those interested in sports betting in Florida, there are currently 24 casinos operating in the state. Unfortunately, sports betting has not yet been legalized in Florida, although legislation has been introduced to change this. As of now, sports betting is legal in 18 states, with an estimated market size of $7.1 billion in the US.