Tuesday, June 8, 1999
Fla. Dept. of Business and Professional Regulation vs Investment Corp. of Palm Beach

No. 93,592

Place of Origin
Palm Beach County

Facts
This case involves several South Florida companies that operate greyhound, jai alai, and thoroughbred racing facilities where state-licensed wagering occurs. Wagering at these facilities also can be placed on out-of-state races or competitions that are shown by way of instantaneous broadcast. A dispute arose, however, over exactly how to divide the proceeds from bets placed on the broadcasts. The Division of Pari-Mutuel Wagering attempted to address the issue by declaratory statement. When the companies appealed, the Third District Court reversed the declaratory statement.