A tale of two states: How tribal gaming affects Florida and New York

Tribal casinos are great partners in nation-building – only if states will have a harmonious relationship with the operators.

Case in point are the contrasting events in Florida and New York, where one is benefiting from the revenues from tribal casinos while the other not so much.

The Miami Herald reported that Florida is reaping the rewards of striking a new gambling deal with the Seminole Tribe.

With the new law, economist pointed out that Florida is looking at 4.5 percent growth in its main budget during the fiscal year that ends next June. That could grow even further to 4.1 percent in fiscal year 2018-19.