HB 7067 - Gaming Compact Summary

• Authorizes new gaming compact between the State of Florida and the Seminole Tribe of Florida to replace the 2010 compact, providing the Tribe with Class III gaming rights including slot machines, banked card games, and raffles at seven specified facilities

• Revenue sharing requirements: Tribe must make tiered payments to the state ranging from 13-25% of net win depending on revenue levels, with a guaranteed minimum of $3 billion during the initial 7-year guarantee payment period (July 1, 2018 - June 30, 2025)

• Operational controls: Establishes strict regulatory framework requiring tribal licensing, internal controls meeting federal standards, random state inspections limited to 1,200 hours annually, and annual independent audits of gaming operations

• Restrictions on competitive gaming: Provides Tribe substantial exclusivity for Class III gaming in Florida, with limited exceptions for existing pari-mutuel facilities in Broward and Miami-Dade counties operating slot machines only

• Compact term and payments: 20-year initial term beginning upon federal approval, with Tribe making monthly revenue share payments and annual donations to problem gambling organizations; no new slot machine licenses may be issued at other facilities after January 1, 2018