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Florida Gambling Study Gives Vague Answers



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

Florida is already one of the more active states when it comes to gambling. There are casinos, racetracks, and jai alai frontons, and many of these venues look most likely to see slot machines arriving at them in the future that is near. And that’s okay, according to 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

Which was 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 complete, and was taken in order to weigh the potential impact and costs of expanded gambling into the Sunshine State.

In accordance with the report, those effects would be tiny.

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

In accordance with the report, the average Floridian gambler spends about $866 each year on gambling. This is about 16per cent less than the average that is national. Still, Florida residents account for ab Continue reading