© Provided by Panama City WJHG-TV For the second year in a row a State Senator is looking to legalize sports betting. We'll tell you about his proposal and get reaction from those who work in the field.
TALLAHASSEE, Fla. (WJHG/WECP) - As many Americans prepare to finish out their fantasy football seasons this week, a state senator is hoping next year you may be able to legally play for money.
- It may be the ultimate legislative session wild card, but House and Senate leaders confirmed Monday they are engaged in an effort to reach a deal with the governor that would update Florida's.
- TALLAHASSEE, Fla. There is a new push to legalize sports betting in Florida. Republican State Senator Jeff Brandes is filing a bill that would allow the Florida Lottery to offer tickets at self.
According to LegalSportsReport.com, legal sports wagering in 19 states and the District of Columbia has generated $340 million in tax revenue over the past two and a half years.
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Why the Florida lottery might handle sports betting. Brandes' sports betting proposal is the first in Florida to peg the lottery as operator and regulator. Previously, any effort centered on the Seminole, who believe they have an exclusive right to offer Florida sports betting.
State Senator Jeff Brandes wants Florida to get in on the action. His proposal would put the Florida Department of the Lottery in charge of regulating sports betting.
Sports Gambling News In Florida Today
'This would allow a much more legitimate way to play,' Senator Jeff Brandes said.
Winnings would be taxed at 15 percent. As with the lottery, revenues generated would go towards education.
FSU Sport Management Professor Dr. Sharm el sheikh egypt hotels. Jason Pappas says it could also help boost revenues for college teams, which have been hit hard by the pandemic.
'This would be another huge revenue stream that would offset some of those costs, and I truly believe over the long term would actually increase probably bigger than any other revenue source that's out there when it comes to sport,' Pappas said .
Brandes hopes his bill can stand on its own.
'Doing it through the lottery, we're not giving anybody anymore leverage against us in terms of withholding funds if somebody technically breaks the compact,' Brandes said.
This is the second year in a row the bill has been filed.
Last year it wasn't heard by any committees, but there is new leadership this year deciding which bills are taken up.
The bill would permit betting on both collegiate and professional sports. Best casino stateline nv. Athletes, coaches, referees and management would be banned from betting.
New Florida Gambling Laws
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