Florida’s $6 Billion Betting Deal Puts It in ‘Uncharted Waters’

After years of debate and negotiation, Florida Governor Ron DeSantis signed a new compact giving the state’s Seminole tribe a lock on one of the fastest-growing businesses in the U.S.: sports betting.

The deal, announced last week, gives the tribe exclusive rights to offer sports betting in the state -- with some provisions. The Seminoles, who operate the Hard Rock brand, are being encouraged to contract with other gambling operators, including horse tracks and jai alai frontons. But the computer servers that support the wagering will remain on Indian land, and the tribe gets a 40% cut of the betting ...