FanDuel invests more money help push sports betting in Florida
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FanDuel Invests another $4.38 million to legalize Florida Sports Betting
Online gambling operator FanDuel has contributed another $4.38 million to a campaign drive that would allow Florida voters to decide whether they want to expand sports betting in the state. With this latest investment, FanDuel has contributed $14.38 million to Florida Education Champions, an action group gathering signatures to put gambling expansion on the November 2022 ballot. Another well-known sportsbook brand, DraftKings, has contributed $22.71 million to the PAC.
The Florida Education Champions’ proposal, if it gets approval next year, would permit people to place bets at professional sports venues and pari-mutuel facilities. Players also would be able to use their mobile devices and computers in wagering on sports and other events.
As this is going on, a separate PAC funded by Las Vegas Sands, a resort company based in Nevada, is collecting signatures in the Sunshine State to put an initiative on next year’s ballot to legalize casino games at non-tribal sites.
Valuable Sports Betting Market
The Florida Education Champions’ proposal would allow on-tribal companies to compete for sports betting customers across Florida, such as DraftKings Sportsbook and FanDuel Sportsbook. The tribe signed a compact with the state, which gave it a monopoly on sports wagering.
Industry analysts view Florida as a potentially lucrative sports betting market. With approximately 22 million residents, it is the country’s third most populous state, home to well-known collegiate teams and professional organizations in every significant sport.
The Florida Education Champions website says that if the ballot item is approved, Florida would have “no monopolies or limited options” surrounding sports wagering. The PAC is based in the state capital, Tallahassee.
The website adds that the ballot initiative will “bring competitive sports betting to Florida” and give players the chance to bet on their favorite online sports betting sites, such as DraftKings and FanDuel.
Judge Bans Seminole Sports Betting App
A federal judge recently ruled that the mobile Hard Rock Sportsbook, approved through a contested compact between the state and tribe, is illegal. The tribe has since closed down the app while the legal dispute continues.
In her ruling, Judge Dabney Friedrich stated that tribal gaming is limited to tribal property. Friedrich said it was “fiction” to claim that bets placed on mobile devices across the state occur on tribal land.
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