Florida: Stadiums waiting for on-site betting

source: StadiumDB.com; author: michał

Florida: Stadiums waiting for on-site betting It’s the most populated state yet to legalise in-stadium betting. While Hard Rock Stadium is certain to make use of this change, there are other notable venues that might capitalise on the move.

Advertisement

On Friday governor Ron DeSantis and the Seminole Tribe of Florida jointly announced online sports betting becoming legal statewide. But a more significant change will happen offline, with some of USA’s first in-stadium betting parlors being created. The decision wasn’t followed up by immediate release of legal framework, however some details are clear already.

Florida will allow in-stadium retail sportsbooks for professional sports venues. These include venues of the NFL, MLS, MLB, NBA and NHL. Perhaps ironically, the largest stadiums in Florida will not be included in the bill. Ben Hill Griffin Stadium (at University of Florida) and Doak Campbell Stadium (Florida State University) cannot host such facilities because of their academic status. University sports are not part of the new bill

Florida stadium© Matin Keivanloo

“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 Miami Herald on Thursday.

The most obvious stadium that would benefit from the legalisation is Hard Rock Stadium, already promoting the Seminole Tribe’s biggest brand, Hard Rock. It’s understood that one of two legal ‘skins’ for online sports betting in Florida will also be branded as Hard Rock betting (the second one remains to be awarded). Hard Rock Stadium is famous for hosting a wide variety of events, not just football and soccer. It’s also home to tennis and soon will sit at the heart of a racing track.

Other notable sports grounds that are likely to include on-site betting outlets include Raymond James Stadium (Tampa Bay Buccaneers, NFL), TIAA Bank Field (Jacksonville Jaguars, NFL), LoanDepot Park (Miami Marlins, MLB), Tropicana Field (Tampa Bay Rays), American Airlines Arena (Miami Heat, NBA), Amalie Arena (Tampa Bay Lightning, NHL) and Amway Center (Orlando Magic, NBA). Clearly, there’s a lot to play for with Florida’s numerous professional sports franchises.

While detailed market estimates under the newly proposed regulations are yet to come, it’s clear the number could be in the 10-digit radius. It’s expected that the state budget would see some $500 million added annually.

Advertisement