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Kurt

Admin
Oct 15, 2004
2,394
5,079
SoWal
mooncreek.com
For the last decade or so I've seen it as an inevitable and eventual full-blown industry, in addition to offshore gambling, dog tracks, horse tracks, Seminole casinos, the state lottery, etc. Considering the current economic climate i figure there is a big push behind the scenes and the state will finally lay its cards on the table and go "all in". I'd like to hear others' thoughts about the matter, whether you would welcome more gambling, how much revenue would be due the state, would it change Florida for the better or worse?

Online Casino News - Land-based Casino Gambling News Update for North America - OnlineCasinoSuite.com

From the most notable, recent headlines in the brick 'n mortar casino gambling world, things are not looking so good for Vegas-style Class III casino gambling in Florida, while in Canada, sports betting could get just the boost it needs to the tune of $3 billion per year. The happenings from both sides of the continent still need some time to be played out before the full repercussions can be weighed.

In Florida, you might recall the U.S. Department of Interior approving a deal between the Seminole Indian tribe and Florida Governor, Charlie Crist, to bring Class III casino gambling to the Seminole's seven tribal casinos throughout the State for the next 25 years - consequently requiring the tribes to pay gambling taxes to Florida for the first time (expected to generate $100 million in taxes per year).

But with some wrangling from Florida House Speaker Marco Rubio, who said Crist's compact was in violation of the State Constitution's clause on separation of powers (noting that five other State Supreme Courts have ruled a governor cannot unilaterally bind a state in a gambling compact), as well as some harping from South Florida racino operators, the Florida Supreme Court has overturned Crist's compact with the Seminole's.

The issue now at hand is whether or not the Seminole tribe should cease its Class III casino operations, which are already in full effect. To further complicate the matter, the Seminoles have already paid $50 million to the State of Florida as part of the compact. So as of now - post Supreme Court ruling - the tribe is still taking Las Vegas bets at its casinos. If a governor cannot unilaterally bind the state into a gambling compact, then who can? Perhaps that is the next course of action?

In Canada, things are looking more promising. If Joe Comartin gets his way and is able to amend the federal Criminal Code to allow betting on individual sporting events, as much $3 billion in gross wagering per year could be generated in Canada. As things stand now, bettors are only permitted to make parlay bets, which are combination bets made on the outcome of three or more sporting events at a single time. More tempting, however, would be the allowance of betting on single sporting events. And Comartin's proposal is tempting indeed, for Canadians love their sports. Hockey, baseball, soccer, basketball and football would all be fair game bets at casinos and race tracks if the amendment is passed.
 

Kurt

Admin
Oct 15, 2004
2,394
5,079
SoWal
mooncreek.com
http://www.camh.net/egambling/archive/pdf/JGI-issue11/JGI-Issue11-ricci.pdf

from 2004


This article considers the viability of casino gaming as one
potential solution for Florida's current lackluster financial
condition, due to declines in tourism revenues and increased
education costs. The article suggests that similar conditions have
motivated voters to set aside personal disdain for legalized forms
of gambling in the interest of financial gains.


 

Smiling JOe

SoWal Expert
Nov 18, 2004
31,644
1,773
Not being interested in gambling, myself, I have few issues with gambling in general. Like many other things, gambling can be a problem for some people, their friends, and their family. I do understand that.

Interestingly, I recently read stories about Las Vegas numbers being way down during this economic crisis, and the same holds true for the lottery. So, I don't think allowing gambling in FL will pull the State out of financial hardships, but in "normal" conditions, financially speaking, I think it could be another way the State could increase their revenues, maybe offsetting FL residents' tax bills.
 

swantree

Beach Fanatic
Feb 28, 2006
553
27
SRB
www.blueswell.com
i'm all for it, being a Native, i have seen the pro's and con's of it. i am supportive if the wealth is spread with the tax etc. I tend to put it up with smoking and alcohol, if they or me are going to do it, tax the crap out of it and use it for some good. it can be a huge boon for an area like PCB or like area that has the condo's or the port to facilitate it. i say go for it, i'm sure SoWal will stick to it's roots and keep ourselves the quiet little beach it is.
 

Matt J

SWGB
May 9, 2007
24,862
9,670
Not being interested in gambling, myself, I have few issues with gambling in general. Like many other things, gambling can be a problem for some people, their friends, and their family. I do understand that.

Interestingly, I recently read stories about Las Vegas numbers being way down during this economic crisis, and the same holds true for the lottery. So, I don't think allowing gambling in FL will pull the State out of financial hardships, but in "normal" conditions, financially speaking, I think it could be another way the State could increase their revenues, maybe offsetting FL residents' tax bills.

You're a Realtor right?
 

Matt J

SWGB
May 9, 2007
24,862
9,670
I don't think it's a bad idea. Like anything, some people will have a problem with it or an addiction to it. That's life and we don't outlaw cigarettes, booze, or porn due to "addictive tendencies" of a few.
 

Smiling JOe

SoWal Expert
Nov 18, 2004
31,644
1,773
gayboi, that is a low blow. Selling real estate is no more of a gamble than other professions.
 

scooterbug44

SoWal Expert
May 8, 2007
16,706
3,339
Sowal
I don't understand how gambling will improve our economy - lottery ticket sales are down, Vegas is hurting, yet gambling is the cash cow that will save us? :dunno:

BTW I've heard this argument before up north when the Indians were negotiating tax breaks, discounts, free infrastructure, and deals for their casinos .................. and that story didn't end quite the way they said it would. :roll:
 
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Matt J

SWGB
May 9, 2007
24,862
9,670
I don't understand how gambling will improve our economy - lottery ticket sales are down, Vegas is hurting, yet gambling is the cash cow that will save us? :dunno:

BTW I've heard this argument before up north when the Indians were negotiating tax breaks, discounts, free infrastructure, and deals for their casinos .................. and that story didn't end quite the way they said it would. :roll:

Well if you want to gamble and can't afford to fly to Vegas you might just head up to the brand new Freeport slot house.

As to helping the economy it's really just the jobs it brings in. On average a dealer in a casino is going to make $50,000/yr. That's a pretty good salary for this area and if you can go from waiting tables, a horrible and truly dishonorable job by some posters standards, to dealing blackjack and make more money you'd probably take a dealer course. Just imagine the Paxton school of gaming.
 

scooterbug44

SoWal Expert
May 8, 2007
16,706
3,339
Sowal
That's an old trick - gambling will bring high paying jobs to your area - the reality is that those jobs are typically entry level - maids, dishwashers, cleaning staff, not casino execs.

Per Salary.com, even if you count all their possible benefits a Vegas blackjack dealer makes less than $50k a year - after taxes they're cashing a weekly paycheck of less than $500.

Salary.com?s Salary Wizard?- Do you know what you're worth?
 
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