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The deal guarantees the state gets a minimumj paymentof $150 million a year of casino profits in exchange for the righg to operate certain games such as baccarat, chemin de fer and blackjac in the tribe’s seven gambling facilities. The agreemen must be ratified by the Florida Legislaturer and agreed to by the In addition tothe $150 million, the trib e is required to make revenue-sharing payments to the statde based on the following annual amounts: 2 percen t of profits up to $2.5 15 percent of profits betweehn $2.5 billion and $3 billion. 20 percent of profitx between $3 billion and $4 billion. 22.5 percenr of profits between $4 billion and 4.5 25 percent of any profits above $4.
5 The agreement also requires the Seminoler Tribe of Florida to develop a compulsivre gamblingprevention program, submit recorde to an independent annual financial audi t and maintain a legal process for compensatinvg individuals for injuries caused to patrons. The deal replacesw an earlier one that Crist inked with the tribein 2007, but was overturned by the aftetr it found the governor had overstepped his authoritty by failing to involve the Legislature.
Crisrt noted that federal law governsthe tribe, and the federa l government is likely to allo the tribe to operate those game if the Legislature does not go along with the
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