Gaming continues to grow in Florida as the state gaming control board just released its November revenue numbers. Per a recent article, Florida’s non-tribal venues collected close to $56.5 million in slot revenue in November, according to a new report from the Florida Gaming Control Commission. This is a 3.4 percent year-over-year increase, compared to $54.6 million in November 2023. Moreover, this revenue number also represents the highest monthly revenue total since May, when the casinos brought in $59.6 million. Additionally, the article reports, revenue was $53.4 million in October, with the latest total showing growth of 5.7 percent compared month-over-month. November’s revenue resulted in a $19.8 million payment to the state, based on Florida’s 35 percent tax rate applied to slot machine earnings.
In this article, SBS will be going over the latest gaming news coming from the Sunshine State along with some additional notes and info regarding Florida wagering updates and more.
Also covered in the article, Magic City Casino in Miami contributed the most revenue of the eight operators, collecting $10.9 million. Additionally, Pompano Park followed with $10.1 million in revenue of its own. Hialeah Park Casino, Calder Casino, and Casino Miami drew revenues of $8.8 million, $7.6 million, and $7.5 million respectively. The remaining casinos authorized for slot machines each generated revenues below $5 million – the Casino at Dania Beach ($4.2 million), Gulfstream Park ($4.1 million), and The Big East Casino ($3.3 million). Additionally, state regulators continue to combat illegal gambling operators that take business away from FGCC-licensed venues. Recent investigations led to a number of arrests and the seizure of more than 500 unauthorized gaming machines.
According to another report, the Florida Gaming Control Commission teamed up with Brevard and Volusia Counties Law enforcement to address illegal gambling activity and shut down five illegal casinos. Additionally, the FGCC said it shut down five illegal casinos and seized illegal gambling machines from two business establishments. “The cooperative relationships developed between the Florida Gaming Control Commission and our partner law enforcement agencies are essential to fulfill our mission, and these efforts are making an impact,” Ross Marshman, Acting Executive Director of the Florida Gaming Control Commission. “Through innovative strategies, enhanced resources, and collaboration, these partnerships reflect our dedication to fostering trust and accountability while effectively addressing public safety concerns related to illicit gambling locations.” Last month, FGCC agents helped the Brevard County Sheriff’s Office execute a search warrant for five illegal casinos throughout the county.
Per the report and according to the FGCC, more than 500 illegal gambling machines, related equipment, and more than $845,000 were seized. Investigators said a 2022 Chevy Silverado, which was actively being used to transport the money from the illegal casinos, was also seized. The five illegal casinos were located at the following locations: 190 Malabar Road, Suite 121, Palm Bay, 4940 Stack Blvd. D1-D2, Melbourne, 780 Apollo Blvd. Melbourne, 1882 N. Wickham Road, also in Melbourne, and finally, 950 N. Courtenay Pkwy. on Merritt Island. Late last month, FGCC officials and the Port Orange Police Department said the residents expressed concerns about two independently owned businesses.
Additionally, investigators said more than $6,000 and 19 illegal slots and game machines were seized. Three arrests were also made for charges of operating illegal gambling establishments and illegal possession of slot machines and gaming devices.
In other news, the Cybersecurity Summit will celebrate its fifth anniversary with its first in-person edition, as experts converge in Miami early next year, another report notes. Per the article, the Summit is taking place on February 26-28 and will reunite top cybersecurity experts and fellow leaders with tribal gaming representatives who have been under increasing pressure to address the challenges of digital threats. The gathering, the report notes, will seek to examine the cybersecurity challenges posed by bad actors following months of intensified targeting of digital infrastructure and against tribal gaming operators specifically.
Deficiencies in the current framework have become apparent and have made it known that a stronger and quicker response from the sector is needed. Mike Day, TribaHub’s CEO and board member of Tribal-ISAC, has said it is imperative to achieve the event’s core mission, which is to foster collaboration, share insights, and build a stronger and more resilient tribal enterprise, especially where digital security is concerned. Day is not the only expert who believes in the necessity for sterner action, the article points out. He is joined by the likes of Lee Edberg (Mystic Lake Casino Hotel) who is similarly excited about the upcoming event and its “broader implications.”
Once you are all up to speed in relation to the latest gaming news and updates coming from Florida, make sure to check out the excellent array of insights for you only at SBS. Of course, for even more analysis on the topic covered here, make sure to check out the Florida sports betting guide which goes over all of the latest updates from the state. Moreover, for those on the go and who qualify, the best betting apps rundown is a fantastic page to peruse. Here, you can learn more about the nuances of mobile betting and how it can make sense for you if you are eligible. Finally, if you are interested in diversifying your payment options, look no further than the payment methods breakdown which goes over a variety of outlets from traditional routes to crypto and more.
About the Author
As a devout aficionado of sports, Chris Boline has carved a career within the athletic realm. A skilled scribe, he boasts a decade-long portfolio that encompasses coverage of the NBA G League, the Los Angeles Chargers, football and basketball across the country. Beyond his professional pursuits, Chris is deeply invested in his community and dedicates his leisure hours to serving on boards, collaborating with community organizations, and cherishing the company of loved ones. CURRENTLY Business Development and freelance sports writing RESIDES IN Reno, NV EDUCATION University of Nevada BS and MBA EXPERTISE -Sports writing proficiency in: NFL, NBA, UFC, boxing, golf, and some motor sports -Topical news -Promotional and marketing ideas/updates -Business development Summary Chris Boline serves in a business development sales capacity as his day job. He has previously held sales/marketing positions with The Applied Companies (TAC), KTVN 2 News and the NBA G League’s Reno Bighorns, affiliate of the Sacramento Kings. He is a Reno native and is a member of various community boards including the Nevada Sagebrush Alumni Chapter, NCET and the College of Business Alumni Association (COBAA). Chris graduated from the University of Nevada in 2015 with a bachelors in management and economics and also earned his MBA from Nevada in 2023. More about Chris: Past president of the College of Business Alumni Association (COBAA) 2022-23 Two-time honoree for University of Nevada Alumni Chapter of the Year (Nevada Sagebrush Alumni Chapter, 2017 & COBAA, 2021) 2021 NCET award for Professional Services Organization of the Year with TAC Northern Nevada Human Resources Association 2020 Best Places to Work-Northern Nevada, Second Place with TAC 2016-17 Reno Bighorns MVP from the Sacramento Kings The Nevada Sagebrush editor-in-chief 2013-15 Associated Collegiate Press 2015 Four-year Non-daily Newspaper Pacemaker honoree University of Nevada, Reno College of Business Dean's List honoree (5x) from 2011-2015 Nevada Press Association award for Best Sports Column – Community in 2015 Education
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