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 already one of many more states that are active it comes to gambling. There are casinos, racetracks, and jai alai frontons, and many of the venues look most likely to see slots visiting them in the future that is near. And that’s fine, in accordance with a fresh report that says such an expansion could have only a ‘minimal’ impact on their 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 fresh Jersey-based research firm that performed the analysis on behalf of the Florida Legislature. The report cost $400,000 to complete, and was taken in an effort to weigh the potential effect and costs of expanded gambling into the Sunshine State.

Based on the report, those effects would be little.

‘The expansion of casino gambling, whether on a scale that is small really 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, ended up being information gleaned about Florida’s current gambling market.

In accordance with the report, the average Floridian gambler spends about $866 each 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 each year by existing Florida casinos, and about one-third of Florida adults who live within an hour of a casino gamble at their casino that is local at one per year. Continue reading Florida Gambling Study Gives Vague Answers