Florida Gambling Study Gives Vague Answers

Is Florida ready for more games of chance? A new commissioned study says, ‘Why not?’

Florida is already one of the more states that are active it comes to gambling. There are casinos, racetracks, and jai alai frontons, and many of these venues appear likely to see slots arriving at them in the future that is near. And that is okay, in accordance with a fresh 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 biggest finding from a report by the Spectrum Gaming Group, a fresh Jersey-based research firm that performed the study with respect to the Florida Legislature. The report cost $400,000 to finish, and was taken in an effort to weigh the impact that is potential costs of expanded gambling within the Sunshine State.

According to the report, those impacts could be little.

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

That conclusion isn’t likely to excite or infuriate anybody. But more interesting, perhaps, ended up being information gleaned about Florida’s present gambling market.

In accordance with the report, the average gambler that is floridian about $866 per year on gambling. This is approximately 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 live within a hour of a casino gamble at their casino that is local at one per year. Read more