Florida Para-Mutual Wagering Bond ($50,000) The State of Florida Department of Business & Professional Regulation, Division of Pari-Mutuel Wagering, regulates the licensing of the industries horse racing, harness horse racing, greyhound racing, cardrooms and slot machines. It is also responsible for collecting revenues due to the state and compliance of industry standards. Florida Chapters 550,551 and 849 provide details of the state regulations and licensing for pari-mutuel wagering and cardrooms. The license process includes:1. Complete application for individual and/or business occupational operator license and return with any other required documents.2. First time applicants must submit and pay for fingerprinting and then each five years thereafter.3. Pari-Mutuel licenses are valid for a three-year term and expires on June 30.4. Obtain a $50,000 surety bond.5. Pay applicable licensing fee.