Florida Gambling Study Gives Vague Answers
Is Florida ready for more games of chance? 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 these venues appear likely to see slots coming to them in the future that is near. And that’s fine, according to a brand new report that says such an expansion might have only a ‘minimal’ impact on the state from both an economic and perspective that is social.
Impact of Gambling Examined
Which 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 so as to weigh the potential effect and costs of expanded gambling in the Sunshine State.
Based on the report, those impacts could be tiny.
‘The expansion of casino gambling, whether on a scale that is small really large scale, would have, at best, a moderately positive effect on the state economy,’ the report stated.
That conclusion is not more likely 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 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 adults who live inside an hour of a casino gamble at their local casino at least one per year. Continue Reading