Florida Gambling Going Online?

January 17, 2010 :: Posted by - admin :: Category - Poker News

Florida to Legalize Online Gambling

online-gambling-ban

Florida is just one of several states considering legalizing online gambling as a way to help their local economies. On January 19th, the Florida Office of Program Policy Analysis and Government Accountability will present its assessment of online gaming to the Senate Regulated Industries Committee. The review is scheduled for January 19 at 4:00 p.m.

Horseracing and dogracing were legalized by the Legislature in Florida in 1931.  The impetus to legalize gambling in Florida has been attributed to the Great Depression of the 1930’s and the land boom of 1924-25.2 The pari-mutuel industry has proven to be a substantial source of entertainment and revenue to the state over the past 70-plus years. The pari-mutuel industry has grown from six dog tracks and three horse tracks in 1931 to 18 dogtracks, seven jai alai frontons, five thoroughbred and one harness track in 2004. However, attendance and revenues have steadily declined since the late 1980s. The decline has been attributed to increased competition from the state lottery, seven tribal casinos, including two Hard Rock casinos in Hollywood and Tampa, gambling cruise ships, and gaming in Mississippi.

Florida is one of a handful of US states considering legalizing online gambling, including poker, as a means of boosting their local economies. States will also look to become more competitive by offering gambling to their residence.

Most recently, the state of Pennsylvania legalized poker in its casinos as a way of competing with neighboring New Jersey and its gambling Mecca of Atlantic City.

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