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Florida Gambling Study Gives Vague Answers

Florida Gambling Study Gives Vague Answers

Is Florida ready for more games of possibility? A new commissioned study says, ‘Why not?’

Florida is currently among the more active states when it comes to gambling. There are casinos, racetracks, and jai alai frontons, and many of these venues look most likely to see slots arriving at them in the future that is near. And that is okay, in accordance with a new report that says such an expansion would have only a ‘minimal’ impact on their state from both an economic and social viewpoint.

Impact of Gambling Examined

That was the finding that is biggest from a report by the Spectrum Gaming Group, a fresh Jersey-based research firm that performed the study with respect to the Florida Legislature. The report cost $400,000 to finish, and was taken in an effort to weigh the potential effect and costs of expanded gambling within the Sunshine State.

In accordance with the report, those impacts could be little.

‘The expansion of casino gambling, whether on a tiny scale or really major, would have, at best, a moderately positive impact on the state economy,’ the report stated.

That conclusion isn’t prone to excite or infuriate anybody. But more interesting, perhaps, ended up being information gleaned about Florida’s present gambling market.

Based on the report, the average Floridian gambler spends about $866 each year on gambling. This is all about 16per cent less than the average that is national. Still, Florida residents account for about 93% of the $2.4 billion taken in each year by existing Florida casinos, and about one-third of Florida grownups who live in a hour of a casino gamble at their casino that is local at once a year. Continue reading