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Florida Gambling Study Gives Vague Answers

Florida Gambling Study Gives Vague Answers

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

Florida is already among the more active states when it comes down to gambling. There are casinos, racetracks, and jai alai frontons, and many among these venues appear likely to see slots arriving at them in the near future. And that’s okay, according to a brand new report that says such an expansion would 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 fresh Jersey-based research firm that performed the study on behalf of the Florida Legislature. The report cost $400,000 to finish, and was taken in order to weigh the potential impact and costs of expanded gambling in the Sunshine State.

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

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

That conclusion is not likely to excite or infuriate anybody. But more interesting, perhaps, was information gleaned about Florida’s current gambling market.

Based on the report, the average Floridian gambler spends about $866 each year on gambling. This is all about 16% less compared to 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 grownups who reside in a hour of a casino gamble at their casino that is local at once a year. Continue reading

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