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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 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 visiting them in the near future. And that is okay, based on a fresh report that says such an expansion could have only a ‘minimal’ impact on the state from both an economic and perspective that is social.

Impact of Gambling Examined

That was the biggest finding from a report by the Spectrum Gaming Group, a New Jersey-based research firm that performed the study on behalf of the Florida Legislature. The report cost $400,000 to finish, and was taken so as to weigh the impact that is potential costs of expanded gambling within the Sunshine State.

According to the report, those effects could be tiny.

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

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

According to the report, the average Floridian gambler spends about $866 each year on gambling. This is approximately 16per cent less compared to national average. 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 reside in a hour of a casino gamble at their local casino at minimum once a year. Continue reading