New Florida Gambling Laws are a’comin. Palm Beach has slot machines and wagered a contract to allow blackjack rights to the Seminole tribe for US $3 billion over seven years
The estimated return anticipated by these new Florida gambling laws and implementation could essentially provide literally $50 million yearly back into the state’s economy by no later than 2020.
This is the most up-to-date of
gambling news about the gambling laws in the US and coming out of Florida after many months of negotiations and regulations.
Neighbours have nothing to worry about new Florida gambling laws
According to the Florida legislature, the neighboring towns will have nothing to worry about with the new slot machines in casinos or about infringement of US gambling laws.
A concern for neighboring towns to Palm Beach was the “cannibalization” effect, meaning tourists who come to play in slot machines in casinos will be more attracted to Palm Beach only flocking there and not the other towns.
However, they have been assured that these issues will not be a problem. Discussions over the new Florida gambling laws and regulations will be resumed next week to look further into the different components in other areas of gambling with slot machines at casinos in the Sunshine State.