Florida Gives the Go-Ahead for Two More Gambling 2022 Ballot Amendments

Two more constitutional amendment campaigns have now officially been proposed for the 2022 general ballot as the state races towards a freer gambling scene. The campaigns have been funded by millions of dollars in donations coming from out of state.

Those proposed amendments to the constitution both aim to establish new casinos within Florida. They are officially entitled “Authorizes a Limited Number of New Casinos” and “Limited Authorization of Casino Gaming”.

Two constitutional amendment campaigns have been proposed for the 2022 gambling amendments

These two amendments will join a further one which was revealed towards the end of June. It is that one that aims to remove any obstacles that will stand in the way of gambling’s expansion within The Sunshine State. In effect, that would break down any compact that Florida’s government has with the Seminole Tribe. A constitutional ban that is featured as part of the Voter Control of Gambling 2018 prohibits the expansion of gambling in the state unless it is agreed upon by a state-wide vote.

In order for the campaigns to appear on the 2022 ballot, they need to amass 891,589 signatures from voters in their favor.

The two petitions were approved by the Florida Division of Elections, and both have been sponsored by the Florida Voters in Charge. This received a campaign donation from Las Vegas Sands Corp. (NYSE: LVS) of $17 million, giving the idea that the multibillion-dollar company wants to involve itself further in Florida’s gambling industry.

The first of the amendments would authorize Florida to construct up to three new casinos, provided they are at least 100 miles away from any tribal casinos within the state. Licenses would be subject to competitive bids, with applicants needing to sign into a deal that would see them spend at least $500 million in the development of the casinos themselves.

Meanwhile, the second amendment would authorize casino gambling to take place at up to three cardrooms within Florida. These must be at least 130 miles away from the state’s tribal casinos, and a pledge of $250 million in the development of such is also required.

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