Florida Gambling Study Gives Vague Answers

Florida Gambling Study Gives Vague Answers

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

Florida is currently among the more states that are active it comes down to gambling. There are casinos, racetracks, and jai alai frontons, and many of the venues look likely to see slots arriving at them in the near future. And that is fine, according to a fresh report that says such an expansion might have only a ‘minimal’ impact on hawaii from both an economic and social viewpoint.

Effect of Gambling Examined

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

Based on the report, those impacts will be little.

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

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

Based on the report, the average gambler that is floridian about $866 per year on gambling. This is mostly about 16per cent less compared to 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 adults who reside within an hour of a casino gamble at their local casino at least once a year.READ MORE