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 active states when it comes down to gambling. There are casinos, racetracks, and jai alai frontons, and many of the venues appear likely to see slots arriving at them in the not too distant future. And that is okay, in accordance with a new report that says such an expansion would have only a ‘minimal’ impact on the state from both an economic and social viewpoint.

Impact of Gambling Examined

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

In accordance with the report, those impacts is little.

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

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

According to the report, the average Floridian gambler spends about $866 per year on gambling. This is approximately 16per cent 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 grownups who live inside an hour of a casino gamble at their local casino at minimum once a year. Continue reading Florida Gambling Study Gives Vague Answers