Seminole Tribe exceeds projections for gaming revenue payout

Wednesday, October 23, 2013  

The Seminole Tribe shared more than $237 million in gaming revenues with the state of Florida, an increase from expected projections.

The Class III gaming compact promises a minimum payment of $233 million each fiscal year. But since the tribe beat expectations -- revenues were $1.98 billion -- another $4.3 million went to the state.

Revenues are expected to rise 3.5 percent in the coming fiscal year, resulting in another $14 million for the state. For the following year, an extra $22 million is expected.

The compact expires in 2015.

Get the Story:
State cashing in on extra $4.3 million of Seminole gambling money (The Naples Daily News 10/23)
State gets $4.2 million extra gaming compact payment from Seminole Tribe (The Current 10/22)

Seminole Tribe expected to share $233M in gaming revenue (10/07)