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Florida’s Tribal Gaming is Growing Nearly Twice as Fast as the National Average

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Florida’s Tribal Gaming is Growing Nearly Twice as Fast as the National Average

Florida’s tribal gaming industry is booming. Growing faster than the state’s overall economy, tribal gaming establishments seem to be doing everything right. In 2015 Florida gaming revenues rose 9.3 percent, nearly twice as much as that year’s national average of gaming revenues of 5.5 percent.

The initiative of Florida’s tribal gaming operators to host major poker tournaments is just one example of how they are playing the gaming industry just right. The Seminole tribe of Florida most recently hosted the final three events of the World Poker Tour season at their Seminole Hard Rock Casino in Hollywood, Florida.

According to the most recent figures on the national gaming industry (2015), Florida’s tribal gaming market is ranked third, after California and Oklahoma. Florida tribal gaming operators brought in 2.6 billion that year, representing 8.5 percent of the industry. A total of 28 states have Indian gaming activity.

However, the game could soon be changing for Florida’s tribal gaming operators. The compact that the Seminole tribe held with the state which allowed them to operate a Class III (Las Vegas style casino) gambling establishment expired in 2015.

There are currently two opposing bills in the Florida legislature. Both intend to collect much larger revenue shares from the tribal gaming operators, but only one would restore the Seminole tribe’s exclusive rights to banked card games.

The other would open the door to new competition for the tribal establishments by allowing a widespread expansion of both banked games and slot machines across the state.

Bob

Hailing from Wisconsin but arriving in Las Vegas in 1995, I’m better known at various US online poker rooms under the pen name “OreoBob” and “SoyFlush”. I’m an avid poker player and editor-at-large who has contributed as a freelance writer for diverse national and international iGaming publications since 2004.