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Florida Gambling Study Gives Vague Answers

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Florida Gambling Study Gives Vague Answers

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

Florida is already one of the more active states when it comes to gambling. There are casinos, racetracks, and jai alai frontons, and many of the venues appear likely to see slot machines arriving at them in the future that is near. And that’s fine, according to a fresh report that says such an expansion might have only a ‘minimal’ impact on their state from both an economic and perspective that is social.

Effect of Gambling Examined

That has been the biggest finding from a report by the Spectrum Gaming Group, a brand new 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 order to weigh the potential effect and costs of expanded gambling into the Sunshine State.

Based on the report, those impacts is little.

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

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

Based on the report, the average gambler that is floridian about $866 per year on gambling. This is approximately 16per cent less than the national average. Still, Florida residents account for about 93% of the $2.4 billion taken in every year by existing Florida casinos, and about one-third of Florida adults who reside in a hour of a casino gamble at their casino that is local at one per year. read more »