Florida Online Sports Betting News: When Will Sportsbook Apps Launch?
Florida Online Sports Betting is official. A groundbreaking deal that brings legal online sports betting to the Sunshine State was announced on April 23, 2021, by Governor Ron DeSantis.
Online sports betting in Florida is now a reality thanks to its inclusion in a new compact between the State of Florida and the Seminole Tribe. The new deal will bring sports betting to Florida, allow the Seminole Tribe casinos to offer roulette and craps, and allow the expansion of tribal casinos at several locations. Florida sports gambling will be effectively run by the tribes and the state will get a share of the sports betting revenues.
Florida online sports betting and retail sports betting are both included in the deal. The number of mobile skins has yet to be determined, but servers will likely be included on tribal property.
In essence, the tribe will represent the sports betting hub. Locations such as professional sports stadiums, arenas, pari-mutuels and casinos are expected to house the booking agents. Although the exact cut of revenue has yet to be officially determined, early reports suggest up to 55% of the share will go to the state in exchange for the tribe’s exclusive rights to control the program. The tribe will also be allowed to add up to three new casinos on existing tribal property—most likely in Hollywood, Tampa and Brighton.
Now that Florida residents know retail and online sports betting will become a reality, the only thing left to do is this: wait it out until it goes live.
Those in legal online sports betting states can get started with DraftKings Sportsbook by clicking here and taking advantage of the platform’s $1,000 risk-free bet.
Possible Online Sportsbooks to Launch in 2021 or 2022
Much like New York, nobody knows which sportsbooks will enter the Florida sports betting market first, or even enter the market at all. Based on the patterns of recent history—each time a state legalizes sports gambling—Florida sports bettors should anticipate the following sportsbooks to eventually enter the space:
CBWG, a company that owns several sports betting sites including Crossing Broad and Elite Sports NY, ranks DraftKings as the best sportsbook in existence. It simply doesn’t get better than DraftKings.
From outstanding introductory promos to a clean, user-friendly and state-of-the-art mobile app, DraftKings Sportsbook is expected to enter the Florida sports betting market as soon as possible. DraftKings Sportsbook currently operates in 11 states.
- New Hampshire
- New Jersey
- West Virginia
While DraftKings gets the nod as the top sportsbook in the business, it’s important to understand that FanDuel isn’t too far behind. Similar to DraftKings, FanDuel made its bones as a daily fantasy sports leader. Now, it’s a well-rounded powerhouse.
The sportsbooks’ New York strategy is simple: Partner with brick-and-mortar casinos in order to get a leg-up on the competition for when the online side officially launches. Whether or not DraftKings and/or FanDuel take this route remains to be seen. FanDuel Sportsbook currently operates in 10 states.
- New Jersey
- West Virginia
FOX Bet Sportsbook
Of course, FOX Sports would get in on the online sports betting action. FOX Bet, which is FOX Sports’ gambling brand, should also be expected in Florida once the appropriate time comes.
FOX Bet’s promos and odds stack right up there with the best in the business. The platform currently operates in three states.
- New Jersey
BetMGM is the online sports gambling platform of the famed MGM Resorts and Casinos. This means the sports gambler can expect a veteran-like gaming experience.
Vegas veterans are surely familiar with the brand, and once the BetMGM Sportsbook launches online in Florida, those gaming veterans should thoroughly enjoy the platform’s initial offerings. BetMGM is currently and already operating in 10 states.
- New Jersey
- West Virginia
William Hill Sportsbook
William Hill is the largest retail sportsbook in America. Founded over 50 years ago in England, William Hill also enjoys a great presence worldwide.
Established and trusted, the sportsbook giant currently operates online in eight states.
- New Jersey
- West Virginia
Founded in Australia, scrappy PointsBet quickly entered the U.S. market after the overturn of PASPA in 2018. Its introductory promos help every online sports gambler do some damage.
Currently, PointsBet is operating in six states.
- New Jersey
The Road to Legal Florida Online Sports Betting
The road to legal Florida online sports betting has been a long one.
May 2021: The House and Senate both approve the 30-year gaming compact, effectively legalizing sports betting. The document is sent to the U.S. Department of the Interior for approval. The department has 45 days to review the compact and either approve, deny, or take no action. Legislators note that sports betting will not be allowed in the state in any form until at least Oct. 15, 2021. Challenges to the gaming compact are expected.
June 2021: A 2022 sports betting ballot measure is accepted and published by the Florida Division of Elections. If approved by voters in 2022, Floridians will be able to place bets at professional sports stadiums, at qualified parimutuel facilities and through Florida online sports betting programs. It would also allow online sports betting through third-party operators and by Native American tribes with a gaming compact. The measure is backed by DraftKings and FanDuel and is widely believed to be a backup plan if the gaming compact is denied by the U.S. Department of the Interior or if online sports betting is stripped from the plan.
APRIL 2021: A groundbreaking deal that announced the legalization of retail and online sports betting come to fruition. Governor Ron DeSantis signed the new compact that will pave way for Seminole Tribe-controlled sports gambling in the state. House Speaker Chris Sprowls then confirmed the signing on the House floor shortly after the news broke. The legislature will approve of the compact in a special session for the week of May 17.
JANUARY 2020: Senator Jeff Brandes files a bill to authorize the Florida Lottery to regulate sports betting without the tribe, but it goes nowhere.
OCTOBER 2019: Governor Ron DeSantis refused to sign off on a deal that would have allowed Tribal casinos to offer sports gambling, with a cut of the revenue paid to the Seminole.
NOVEMBER 2018: The Seminole took control of any gambling in the state by supporting the passage of Amendment 3 in November’s election. It prohibits the legislature from authorizing new casino gambling without other approval.
MAY 2018: PASPA is overturned, opening the door for states to legalize online sports betting.
Projected Florida Online Sports Betting Revenue
The Miami Herald is projecting Florida should rake in $500 million in annual revenue, courtesy of the groundbreaking April 2021 deal that will allow retail and online sports betting.
“The Seminole Tribe of Florida is committed to a mutually beneficial gaming compact with the State of Florida and looks forward to its approval by the Florida Legislature, the Seminole Tribal Council and the U.S. Department of the Interior,” Seminole Tribe of Florida Chairman Marcellus Osceola Jr. said in a statement to the Herald/Times.
Florida Retail Sports Betting Locations
The state of Florida currently houses 26 casinos that currently allow gambling. Many of these venues are racetracks, although each has been rigorously lobbying for the right to add more gaming (i.e. slot machines).
Eight of these 26 venues and two casino boats currently pick up passengers and take wagers once the boats are offshore, while some of the Native American casinos already offer slot machines, table games and video gaming.
The blockbuster April 2021 deal will put an end to the limitations and overall pain Florida casino gaming has experienced over the years.
Miccosukee Resort and Gaming Center
Address: SW 177th Ave, Miami, FL 33194
Seminole Brighton Casino
Address: 17735 Reservation Rd, Okeechobee, FL 34974
Seminole Casino Hotel Immokalee
Address: 506 S 1st St, Immokalee, FL 34142
Seminole Casino Coconut Creek
Address: 5550 NW 40th St, Coconut Creek, FL 33073
Seminole Hard Rock Hotel and Casino Hollywood
Address: 1 Seminole Way, Davie, FL 33314
Seminole Hard Rock Hotel & Casino Tampa
Address: 5223 Orient Rd, Tampa, FL 33610
Seminole Classic Casino Hollywood
Address: 4150 N State Rd 7, Hollywood, FL 33021
Notable Florida College Football Teams
It doesn’t get much better than Florida football. Sure, states such as Texas, Pennsylvania, Georgia, Ohio and others have a worthwhile claim, but Florida’s all-around offerings rank up there with the best in the country.
The following are some of the Florida football teams Sunshine State residents will have the ability to wager on once online sports betting goes live.
Florida Gators Football
- Florida Gators Football +4000 to win the 2021-22 National Championship
- Florida Gators Football +1200 to win the 2021-22 SEC Championship
- Florida Gators Football +300 to win the 2021-22 SEC East Division
The Florida Gators are officially back. Capturing the SEC East division with an 8-2 conference record (8-4 overall), the NFL-bound Kyle Trask finished fourth in Heisman voting while leading his team to the Cotton Bowl.
The Gators’ third-straight winning season is a hopeful sign of things to come.
Florida State Seminoles Football
- Florida State Seminoles Football +25000 to win the 2021-22 National Championship
- Florida State Seminoles Football +3300 to win the 2021-22 ACC Championship
- Florida State Seminoles Football +1600 to win the 2021-22 ACC Atlantic Division
The famed Florida State Seminoles Football program is still searching for answers. The team’s 3-6 record in 2020 marked its fourth-straight season without double-digit victories.
The online sports bettors could make it rain in 2021 if he or she feels the Seminoles are ready to take the next step.
Miami Hurricanes Football
- Miami Hurricanes Football +8000 to win the 2021-22 National Championship
- Miami Hurricanes Football +1000 to win the 2021-22 ACC Championship
- Miami Hurricanes Football +175 to win the 2021-22 ACC Coastal Division
- D’Eriq King +2000 to win the 2021-22 Heisman Trophy
The Miami Hurricanes 8-3 mark in 2020 was capped off with a 37-34 loss to Oklahoma State in the Cheez-It Bowl. Head coach Manny Diaz seems to have the program on the come-up after plenty of disappointing stretches.
Stud quarterback D’Eriq King, who’s ready to return for a redshirt senior season, is currently tied for fifth in the 2021 Heisman odds.
Florida NFL Teams
Tampa Bay Buccaneers
- Tampa Bay Buccaneers +750 to win Super Bowl 56
- Tampa Bay Buccaneers +350 to win the 2021-22 NFC championship
- Tampa Bay Buccaneers -167 to win the 2021-22 NFC South
- Tom Brady +140 to win the 2021-22 NFL MVP
Who would have thought it could be possible? Well, Tom Brady, for one. The Tampa Bay Buccaneers currently sit with the second-best odds to capture Super Bowl 56. Back-to-backs are tough, but No. 12 is certainly no stranger.
Speaking of Brady, only three players—Patrick Mahomes, Aaron Rodgers and Josh Allen—are currently equipped with better odds to take home the next NFL MVP award.
- Miami Dolphins +2800 to win Super Bowl 56
- Miami Dolphins +1300 to win the 2021-22 AFC championship
- Miami Dolphins +325 to win the 2021-22 AFC East
- Tua Tagovailoa +6000 to win the 2021-22 NFL MVP
Here come the Miami Dolphins—one of the most exciting young teams in the league that plays for pay. With former Alabama and SEC stud Tua Tagovailoa leading the way, the young Fins will look to dethrone the Buffalo Bills in 2021.
DraftKings Sportsbook likes Miami’s chances, dishing out a +325 odds mark to win the AFC East.
- Jacksonville Jaguars +7000 to win Super Bowl 56
- Jacksonville Jaguars +3000 to win the 2021-22 AFC championship
- Jacksonville Jaguars +800 to win the 2021-22 AFC South
- Trevor Lawrence +200 to win the 2021-22 NFL Offensive Rookie of the Year
No, the Jacksonville Jaguars didn’t exactly enjoy themselves last season, but with expected No. 1 overall pick Trevor Lawrence and new head coach Urban Meyer at the helm, anything’s possible in 2021.
Lawrence fans who believe the Clemson product will take home the 2021 NFL Offensive Rookie of the Year will have to go in with the ultimate trust, as he leads all incoming rookies in the category.
Florida Sports Betting FAQs
Will Sports Betting be Legal in Florida?
Yes. The groundbreaking April 2021 deal made retail and online sports betting official in Florida. Now, it's simply a matter of when it goes live.
Is FanDuel Sports Betting Legal in Florida?
FanDuel is patiently awaiting the process. It's expected that the major sports-betting player partners with a brick-and-mortar location prior to entering the online market.
Is DraftKings Sports Betting Legal in Florida?
Similar to FanDuel, DraftKings is expected to pounce as soon as it's possible.
What is the Tax Rate on Online Lottery Winnings in Florida?
Like Texas, Florida is one of the six states in the country that does not assess an income tax. There is also no official tax amount on any type of lottery winnings in Florida. All winnings above $5,000, online or retail, must be reported as income to the IRS.
What is the Tax Rate on Sports Betting in Florida?
There is a proposed tax rate for Florida sports betting of 15 percent, but the official number remains to be seen.
Do Native American Tribes Control Sports Betting in Florida?
Similar to California's situation, the Native American Casinos control the Florida gambling industry. The April 2021 deal made it official that the tribes will serve as the hub that controls retail and online sports betting.
Who Has Final Say on Gaming in Florida?
Florida residents have the final say on all gaming expansions in the state, courtesy of a vote that gave them the final say. Despite the tribal casino powers, state voters have a tremendous say in the matter.
Can I Play Daily Fantasy Sports in Florida?
Yes, Florida does allow daily fantasy sports, as it is not officially deemed as sports wagering. The profit made from playing is taxable income.
Can I Bet on Casino Games in Florida?
You can play at tribal casinos in Florida, but there are no online casinos available in Florida. This will change thanks to the April 2021 deal.
What is the Size of the Florida Sports Betting Market?
Florida's betting market could be massive. Many experts project a sports betting handle passing $2 billion a month in the state. This number is most likely on the conservative side, however, based on other states' recent history.