Seminole Gambling Deal to Create $7 Billion Revenue for Florida

The recent million dollar deal that the Seminole Indian tribes signed with the Florida state is expected to have a strong impact on the state’s revenue. This deal will last for two decades and will create a lot of job opportunities and revenue for the state in that time period.

When the Florida House of State signed an agreement authorizing gambling in some select Seminole, most people in the region appeared to take the news well. A few republicans however who are not in favour of gambling have allegedly claimed that the deal would bring in a bad influence to people as it would encourage gaming. Florida will receive$1.3 million for a period of five years and this will mean 7 billion dollars worth of money in twenty years.

The Seminole deal authorizes games like blackjack in its casinos along with slots and this agreement was seen favorably by blackjack enthusiasts who believe that it will create a strong revenue stream for education and help Florida to balance its budget with the fees it will collect from this deal.

It may be possible that this deal with the Seminole Indians will do a lot of good for Florida’s economy. Governor Charlie Crist was responsible for seeing the deal go through and permitted the Seminole casinos to host blackjack games and slots games at all their casinos in the state.

This blog entry was posted on Friday, April 30th, 2010 at 4:50 am and is filed under Blackjack News.