High Stakes Poker Comes to South Florida
Now that's going to change.
It will start at midnight tonight in poker rooms all over the state. A new law, which goes into effect July 1, will lift the cap on high-stakes buy ins. It will also allow all 23 state-sanctioned poker rooms in Florida to operate 24 hours a day, 365 days a year.
That means the poker rooms in South Florida will soon look a lot more like the poker rooms in Las Vegas, L.A., and Atlantic City. There will still be plenty of low-stakes and limit games, but there will also be at least one "big game" in every room. A table where you can sit down and bluff away a year's salary on one hand.
The Seminole Hard Rock in Hollywood is advertising a new game with a $10,000 minimum buy-in.
Another part of the new law removed the cap on poker tournament entry fees, which was set at $1,000. That means South Florida will likely see more high-stakes tournaments that resemble the World Series of Poker Main Event. The idea, according to industry insiders, is to make South Florida a gambling destination that draws big-name pros, big corporate sponsorship, television cameras, and the glamor of champagne-toast victories to the Sunshine State.