In recent months, Miami has been in the news again over a potential plan to let the Gambling Commission regulate casino gambling in Florida. There have been hearings, discussions, and many other issues concerning this topic. Most everyone from politicians to businesspeople to regular citizens are strongly opposing it, saying that it will kill the Gambling Industry in Florida and hurt the state financially. There are many benefits to the Gambling Commission of course, including raises in property taxes, and more money for education and other public programs. Let’s look at some of the benefits to the Casino Gambling Control Commission and why they should be allowed to regulate the Gambling industry in Florida.
What the Florida Gambling Commission is trying to do is ensure fair play for all the people who are involved in trembling industry in the state of Florida. They are trying to figure out how to balance the interests of those who seek help to deal with their gambling addiction against the rights of the innocent players who play their cards according to the rules of the game. Perhaps in the future, state and city leaders would have also been better served by keeping the Convention Center open and setting up events rather than placing all of their gambling investment into a single gambling casino that pays no taxes and never pays anything for the use of their property. However, those are all suppositions and we’ll probably never really know what would happen if that casino closed down or went out of business because no one can predict the future.
Gambling has always been a bit controversial in Florida, particularly the Gambling Commission and the way they are trying to get control of the problem. There are many different types of people that participate in the different types of Gambling across the state, from people that live in Florida all the way down to people in other states. People place wagers, win money, lose money, and collect money from the machines they play on. Most of these gamblers either collect a percentage of the total winnings or they collect a set amount for each machine they win on. However, casino gamblers in Florida are allowed to place bets on any of the machines at the casino whether they win or lose, and they are only required to pay out to the hotel if they win.
The Florida Gambling Law requires that casino owners keep the house edge, which is the difference between the odds of all of the machines being randomly selected to pay out the same amount of money over a twenty-four hour period and how much they actually pay out. These laws were put in place to protect everyone from having to pay back an unfair share of their winnings in the form of taxes to the state of Florida. The minimum amount of taxes that casino owners in Florida are required to pay is three percent, but this varies according to the worth of your property. Those who own real estate with a value of more than seven hundred thousand dollars are required to pay the state tax commission a minimum of five percent. There are some properties that are exempt from this altogether.
Another aspect that distinguishes both online and land-based gambling is the age restrictions that apply. Both societies have a set of age restrictions that range from fifteen to eighteen years old, while minors are restricted to playing at licensed video arcades only. Online casinos, however, have no age restrictions. It is also illegal to operate a live web casino in Florida, as well as using any state funds to operate it.
Many people think that they can gamble wherever and whenever they want, since there are no age limits or residence requirements. It is true that you can gamble virtually anywhere where there are casino games and lots of people passing through, however, you should never be tempted to bet more than you can afford to lose. Gambling can be a dangerous pastime, particularly if you are not completely familiar with how to gamble properly. To avoid becoming involved in a harmful gambling habit, you should find out everything you can about casino games and the various strategies that gamblers use.