Florida Sports Betting
Mobile/Online Retail Tribal Compact
State Market Snapshot
Authorized Operators
Hard Rock Bet
Market Notes
- Handle and growth: $1.2 billion wagered in October 2025, a record monthly high and up 18% year-over-year; FY 2025 handle through October totals approximately $9.8 billion, on pace for $12–$13 billion full-year (up 15–20% from 2024), driven by NFL and college football amid growing app adoption.
- Market split: mobile captured 95% of handle via the single Hard Rock Bet app; retail accounted for the remaining 5% at six Seminole casinos (e.g., Seminole Hard Rock Hollywood, Tampa) and select tribal venues.
- Hold and tax: statewide hold averaged 8.5% in October; under the compact, the Seminole Tribe pays Florida a fixed $2.5 billion over five years (plus per capita shares to local governments), with ~$500 million in gross revenue generated in the first half of 2025 alone; no traditional percentage tax, but exclusivity ensures steady state inflows.
- Regulatory note: Hard Rock Bet launched a new “horse racing data slots” product in late 2025 (using historical races for slot-like betting), sparking debate but deemed compliant as “sports betting” under the compact; enforcement ramps up against offshore sites via HB 591 proposals, while a Tampa Bay Buccaneers partnership boosts visibility for the 2025–26 NFL season.