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 active states when it comes to gambling. There are casinos, racetracks, and jai alai frontons, and many among these venues look likely to see slot machines arriving at them in the future that is near. And that’s ok, in accordance with a brand new report that says such an expansion could have only a ‘minimal’ impact on the state from both an economic and social viewpoint.

Effect of Gambling Examined

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

In accordance with the report, those impacts could be small.

‘The expansion of casino gambling, whether on a small scale or extremely 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 anybody. But more interesting, perhaps, ended up being information gleaned about Florida’s current gambling market.

According to the report, the average Floridian gambler spends about $866 each year on gambling. This is approximately 16% 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 adults who reside inside an hour of a casino gamble at their local casino at least annually. Continuer la lecture de Florida Gambling Study Gives Vague Answers