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 states that are active it comes to gambling. There are casinos, racetracks, and jai alai frontons, and many of these venues appear most likely to see slots visiting them in the not too distant future. And that is okay, according to a 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

That was the finding that is biggest 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 complete, and was taken in order to weigh the potential impact and costs of expanded gambling into the Sunshine State.

Based on the report, those effects could be little.

‘The expansion of casino gambling, whether on a tiny scale or 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, ended up being information gleaned about Florida’s current gambling market.

In accordance with the report, the average gambler that is floridian about $866 per year on gambling. This is all about 16% less compared to the national average. Still, Florida residents account for about 93% of the $2.4 billion taken in every year by existing Florida casinos, and about one-third of Florida adults who reside in a hour of a casino gamble at their local casino at least annually. Read more