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This Week in Gambling: Billion dollar sports betting battle

4 Nov 2021

This week's gambling news features a war being fought for the Florida sports betting market. The legal battle involves state politics, Seminole Gaming, and sports betting providers like FanDuel and DraftKings all choosing sides with millions invested and billions at stake. And the results could impact gambling in other parts of the country.

The battle for Florida sports betting has DraftKings & FanDuel going on the offense to challenge the Seminoles exclusive contract with the state. The Tribe and State entered into an agreement back in May which would bring sports betting to residents. However, the ink wasn’t even dry on that agreement when calls began to go out asking that the Federal Government step in and put an end to the deal. Even the Mayor of Miami Beach said the agreement was corrupted and hijacked by non-tribal interests.

Florida sports betting became “legal” on 15 October, but with so many questions still lurking in the shadows of courtrooms not one casino in the state would accept any wagers. Despite the caution, the Seminoles did announce that they had entered into sports betting partnerships with the Palm Beach Kennel Club, Hialeah Park Casino, Ocala Gainesville Poker, Tampa Bay Downs, and TGT Poker & Racebook. Now, fantasy sports rivals DraftKings & FanDuel have teamed up to combat the Florida sports betting agreement, launching a $20 million campaign to put sports betting to a vote in 2022, thus challenging the Seminoles exclusive deal to offer sports wagers.

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