Florida Gambling Study Gives Vague Answers
Is Florida ready for more games of opportunity? A new commissioned study says, ‘Why not?’
Florida is already one of many more active states when it comes to gambling. There are casinos, racetracks, and jai alai frontons, and many of those venues appear most likely to see slots visiting them in the future that is near. And that is fine, based on a brand new report that says such an expansion could have only a ‘minimal’ impact on their state from both an economic and social perspective.
Effect of Gambling Examined
That has been the biggest finding 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 finish, and was taken so as to weigh the potential impact and costs of expanded gambling in the Sunshine State.
Based on the report, those effects could be small.
‘The expansion of casino gambling, whether on a scale that is small extremely large scale, would have, at best, a moderately positive affect the state economy,’ the report stated.
That conclusion isn’t more likely to excite or infuriate anyone. But more interesting, perhaps, was information gleaned about Florida’s present gambling market.
Based on 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 within a hour of a casino gamble at their casino that is local at one per year. Continue reading “Florida Gambling Study Gives Vague Answers”