Crist signs gambling bill - Orlando Business Journal:

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The deal guarantees the state gets a minimum paymentof $150 milliob a year of casino profits in exchange for the righ to operate certain games such as chemin de fer and blackjack in the tribe’s seven gambling The agreement must be ratifier by the Florida Legislature and agrees to by the tribe. In addition to the $150 million, the tribwe is required to make revenue-sharing payments to the state baseds on the followingannual amounts: 2 percent of profits up to $2.5 billion. 15 percent of profits between $2.5 billion and $3 billion. 20 percenyt of profits between $3 billion and $4 22.5 percent of profits between $4 billion and 4.5 25 percent of any profitsw above $4.5 billion.
The agreement also requirew the Seminole Tribe of Florida to develop a compulsive gamblinprevention program, submit records to an independent annual financiao audit and maintain a legap process for compensating individual for injuries caused to The deal replaces an earlier one that Crist inkeds with the tribe in 2007, but was overturnede by the after it founx the governor had overstepped his authority by failinvg to involve the Legislature. Crisrt noted that federal law governs the and the federal government is likel y to allow the tribe to operat those games if the Legislaturs does not go along withthe agreement.