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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 already one of many more states that are active it comes down to gambling. There are casinos, racetracks, and jai alai frontons, and many of these venues appear most likely to see slots visiting them in the future that is near. And that is okay, based on a brand new report that says such an expansion could 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 brand new Jersey-based research firm that performed the study on behalf of 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 within the Sunshine State.

In accordance with the report, those effects would be little.

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

That conclusion isn’t more likely to excite or infuriate anyone. But more interesting, perhaps, was 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 all about 16% less than the average that is national. 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 grownups who live in a hour of a casino gamble at their local casino at least annually. Continue reading