TALLAHASSEE -- Amid warnings that expanding gambling is not a good bet for the state this year, a House committee passed a scaled-back Indian gaming bill Friday.

The House select committee on tribal gaming voted 17-1 Friday to give the Seminole Tribe the exclusive right to operate Class III slot machines at its seven casinos in Florida in return for $100 million a year.

The proposal authorizes Gov. Charlie Crist to renegotiate the gambling compact that has been invalidated by the Florida Supreme Court, but it also requires him to order the tribe to forfeit the blackjack and house-banked card games it won under his original plan. The court ruling found the games to be illegal in Florida since there is no specific legislation allowing them.

Rep. Bill Galvano, the Bradenton Republican who heads the House committee on the gambling compact, said the plan is a good balance between the tribe's legal right to have slot machines and the desire of lawmakers to limit gambling in Florida.

The proposal would dedicate most of state's share of money from Seminole gambling to education, but divert 5 percent to local governments and to programs that address the social consequences of gambling.

The House's gambling plan is a stark contrast to a Senate plan which passed out of its first committee last week. The Senate has proposed giving the tribe full casinos, including craps and roulette, lowering the tax rate on slots at horse and dog tracks and jai alai frontons, and giving ''racinos'' -- race tracks that have slot machines -- card games such as blackjack. The agreement also would give parimutuels outside of Miami-Dade and Broward counties bingo-style, Class II slot machines.

State economists this week shot down predictions by the Senate and governor that the Senate plan would produce $1 billion in new revenue and help close Florida's $3 billion budget gap.

Instead of $1 billion, economists predicted the Seminole's full casinos would produce about $400 million a year. They also said the proposal to reduce the tax rate on parimutuels while giving them new games would result in a net loss in taxes to the state.

''It's very sobering,'' said Galvano. ``It's a recognition that whatever we're doing shouldn't be a rush to judgment... Any of these changes are going to be slow coming and the money we do have is not going to be anywhere close to the $1 billion.''

Sen. Dennis Jones, sponsor of the Senate proposal, said Friday that he is making modifications to the Senate plan to phase in some of the tax breaks for parimutuels so there would be a net gain to the state. Legislative economists will meet Monday to forecast revenues based on those changes.

''We've got plenty of money in the out years but we created some negatives in the first year or two,'' Jones said. ``I'm trying to get to $600 million in the first year, because I'm convinced we can get $1 billion in the future.''

Meanwhile, Gov. Charlie Crist and the Seminole Tribe continued to urge lawmakers to ratify the original compact which would yield $100 million a year in revenue sharing to Florida -- $288 million by the end of the 2010 budget year.

''We are appealing to the members of the House and the Senate to approve the opportunity to have a compact with a tribe,'' Crist said at a press conference Friday, flanked by tribal leaders and the state's top education leaders.

''To me, the obvious point is we will have more money for education if that is done and if it's not done, we will not,'' he said.

None of the educators said whether they preferred Crist's approach to the House or Senate plans. The governor reiterated his support for the compact he negotiated.

''We're talking about the original compact -- that's what the we're interested in, what the tribe is interested in and those dollars are what education is interested in,'' Crist said.

Wayne Blanton, director of the Florida School Boards Association, called the compact an essential ''infusion of dollars'' this year. And Bill Montford, head of the Florida Superintendent's Association, said his organization was ''supportive'' of the governor's approach.

Crist was asked if the tribe would be willing to guarantee any money up front to make sure lawmakers could count on the money when building its budget. The governor didn't respond.

''Obviously there is some fluidity in the closing days of the session,'' he said.

Galvano said the governor's original compact is all but dead.

''The compact that has been voided is recognized by both chambers as a bad deal, frankly,'' he said. The House and Senate proposals both tighten regulation of the tribe and take into account the impact of their gambling empire on other industries.

Galvano said the House committee is now working on a second bill, to give parimutuels more tax breaks and relaxed regulations to allow it to better compete with the tribe. The bill will be ready by April 20.