Using reports the Seminole Tribe of Florida made to the state of Florida, the South Florida Sun-Sentinel recently calculated the tribe will take in $2.1 billion in gaming revenues this year, a 6.8 percent increase over $1.97 billion in 2013. That means the state will receive $256.8 million for the current year under the Class III gaming compact with the tribe. Seminole Gaming Chief Executive Officer Jim Allen said, “We’re very happy with the growth of the business and continuing to create economic benefits for the tribe and for the state of Florida.”
The Seminole Hard Rock Hotel & Casino in Hollywood, which has dominated South Florida casinos since it opened in 2004, took in about 25 percent of the tribe’s gambling revenues in 2012-2013, which projects to about $528 million for this year, equal to the combined revenues of eight area pari-mutuels–Broward and Miami-Dade horse and dog racetracks and jai-alai frontons that took in $531 via slots and poker.
The Tampa Hard Rock generated 42 percent of the seven Seminole casinos’ revenues in 2012-2013, translating to about $887 million for the most recent fiscal year. The Seminole Casino Coconut Creek’s revenues project to about $352 million. And the Seminole Classic casino, near the Seminole Hard Rock and frequented mostly by locals, outperformed all the pari-mutuels with 7.2 percent of the tribe’s revenues, or $152 million. Nearby Mardi Gras and Gulfstream Park Racing and Casino each took in $55.3 million. Dania Casino and Jai-Alai, which just opened in February, took in $4.6 million.
The Miccosukee Tribe does not have a state gaming compact so figures from its casino in west Miami-Dade are not made public.
