Florida Gambling Study Gives Vague Answers
Is Florida ready for more games of chance? A new commissioned study says, ‘Why not?’
Florida is currently one of the more states that are active it comes down to gambling. There are casinos, racetracks, and jai alai frontons, and many of the venues appear most likely to see slot machines visiting them in the forseeable future. And that’s okay, 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 perspective that is social.
Impact of Gambling Examined
That has been the finding that is biggest from a report by the Spectrum Gaming Group, a New Jersey-based research firm that performed the research with respect to the Florida Legislature. The report cost $400,000 to finish, and was taken in order to weigh the impact that is potential costs of expanded gambling in the Sunshine State.
According to the report, those impacts could be tiny.
‘The expansion of casino gambling, whether on a scale that is small really major, would have, at best, a moderately positive effect on the state economy,’ the report stated.
That conclusion isn’t prone to excite or infuriate anyone. But more interesting, perhaps, ended up being information gleaned about Florida’s present gambling market.
Based on the report, the average Floridian gambler spends about $866 each year on gambling. This is mostly about 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 reside within a hour of a casino gamble at their casino that is local at once a year. […]