FL S2050

Creates the Destination Resort Commission within the Department of Revenue to regulate limited gaming at up to five destination resorts across Florida, with a seven-member commission appointed by the Governor and confirmed by the Senate.

Authorizes limited gaming (including slot machines, table games, and other games of chance) at destination resorts contingent on county voter approval via referendum, with gaming limited to no more than 10 percent of total resort square footage.

Establishes a tiered gross receipts tax ranging from 10-20 percent based on infrastructure investment, with revenue deposited into the Destination Resort Trust Fund and distributed to the General Revenue Fund, tourism, employment security, transportation disadvantaged services, and pari-mutuel facilities.

Requires resort licensees to pay a $50 million one-time licensing fee and $5 million annual renewal fees, post surety bonds, submit to extensive background checks, and comply with strict operational standards including security systems, employee drug testing, and compulsive gambling prevention programs.

Implements comprehensive licensing requirements for suppliers and gaming employees, establishes ethics rules and conflict-of-interest prohibitions for commission members, and transfers pari-mutuel wagering division functions to the new commission effective July 1, 2013.