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 to gambling. There are casinos, racetracks, and jai alai frontons, and many of these venues look likely to see slot machines visiting them in the not too distant future. And that’s fine, according to a new report that says such an expansion might have only a ‘minimal’ impact on hawaii from both an economic and social viewpoint.

Impact of Gambling Examined

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

In accordance with the report, those effects is tiny.

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

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

In accordance with the report, the average gambler that is floridian about $866 each year on gambling. This is about 16per cent less compared to the 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 live within a hour of a casino gamble at their casino that is local at annually. Continue reading “Florida Gambling Study Gives Vague Answers”