Is Florida ready for more games of chance? A new commissioned study says, ‘Why not?’
Florida is already among the more states that are active it comes down to gambling. There are casinos, racetracks, and jai alai frontons, and many of these venues look most likely to see slots coming to them in the near future. And that is fine, 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
That has been the biggest finding from a report by the Spectrum Gaming Group, a New Jersey-based research firm that performed the study with respect to the Florida Legislature. The report cost $400,000 to complete, and was taken in an effort to weigh the potential effect and costs of expanded gambling within the Sunshine State.
Based on 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 effect on the state economy,’ the report stated.
That conclusion isn’t prone 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 each year on gambling. This is all about 16% less than the average that is national. Still, Florida residents account for about 93% of the $2.4 billion taken in […]