Florida has long been a hotbed for gambling activity, with many casinos and racetracks dotting the landscape. In recent years, however, gambling activities in the state have been in limbo, after a series of court rulings that ruled against the legality of sports betting in Florida. As a result, a betmgm Florida sportsbook is currently non-existent, but the bookmaker launched a horse racing mobile app in the sunshine state as the appeal decision is awaited.
Punters can now watch and bet on horse events within and outside the state like the Grand National, Melbourne Cup, Prix de l'Arc de Triomphe, and Royal Ascot competitions. The app features daily horse racing news, live streaming video, race replays, and betting options on occasions including the Preakness Stakes, Belmont Stakes, summer meet at Saratoga Race Course, Pegasus World Cup, and Breeders' Cup World Championships.
What is the situation with gambling in Florida?
The situation with gambling in Florida is somewhat complicated. There are a number of casinos and racetracks that operate within the state, however, many of them are located on Native American reservations. This means that they are not subject to the same laws and regulations as other businesses in the state.
There have been a number of attempts to regulate gambling in Florida, particularly the introduction of sports betting. However, the progress took a toll backward in 2021, after the Seminole Tribe withdrew from the Gaming Compact and the consequence was the closure of the Hard Rock sportsbook app. However, the Tribe has currently launched an appeal petitioning the move, but the court proceedings are slow meaning that Floridians may have to wait until 2023 to see a return of online sports betting.
What does the future look like for gambling in Florida?
The future of gambling in Florida looks promising. The state is relatively wealthy and has a huge population making it a good market for betting. Already, giant sportsbooks are looking to secure a license like the DraftKings sportsbook, Ceasars, and FanDuel sportsbook. Additionally, the state's casinos are constantly innovating and expanding their offerings, which should help to attract more visitors and generate more revenue not to mention the numerous sports teams and collegiate programs Florida houses.
The potential benefits of BetMGM for Floridians
For one, the company could bring in much-needed tax revenue for the state. In addition, BetMGM could create jobs for Floridians and help boost the economy. BetMGM is also committed to responsible gaming, which is another plus.