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 active states when it comes to gambling. There are casinos, racetracks, and jai alai frontons, and many of these venues appear most likely to see slots visiting them in the near future. And that is okay, according to a fresh report that says such an expansion might have only a ‘minimal’ impact on hawaii from both an economic and social viewpoint.
Impact of Gambling Examined
Which was the finding that is biggest from a report by the Spectrum Gaming Group, a fresh Jersey-based research firm that performed the research with respect to 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 within the Sunshine State.
According to the report, those effects will be little.
‘The expansion of casino gambling, whether on a little scale or very major, would have, at best, a moderately positive impact on 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.
In accordance with the report, the average Floridian gambler spends about $866 per year on gambling. This is all about 16per cent less compared to 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 reside inside an hour of a casino gamble at their casino that is local at one per year.