The Seminole Tribe and Florida Gov. Charlie Crist (R) have proposed revisions to the Class III gaming compact that has been the subject of debate.

The tribe says it will share $1.1 billion in gaming revenues in the next two years. But the tribe wouldn't make any payments in the third year and only a small amount in the fourth year.

After that, the tribe would share revenues based on a percentage of the profits from slot machines and table games. According to news reports, the revenue sharing rate could go as high as 25 percent.

The deal counters proposals that have been under consideration in the Florida Legislature. The House wants to restrict the tribe to slot machines while the Senate is proposing a broad expansion of all types of gaming in the state.

Get the Story:
The Seminole Compact Accords (Gov Crist/Seminole Tribe 4/23)
Seminoles offer $1 billion to seal gambling deal (The Miami Herald 4/23)
Crist, Seminoles propose new gambling deal (The Jacksonville News 4/23)
Crist gets talks rolling on new gambling compact (The Tallahassee Democrat 4/23)
Crist pitches gambling deal (The Fort Myers News-Press 4/23)
Crist, Seminoles discussing $1 billion gambling deal (The Orlando Sentinel 4/22)
Gov. Crist pitches new Indian gambling deal (AP 4/22)