Is Florida ready for more games of possibility? A new commissioned study says, ‘Why not?’
Florida is currently one of the more active states when it comes to gambling. There are casinos, racetracks, and jai alai frontons, and many of the venues look most likely to see slots coming to them in the future that is near. And that’s okay, according to a new report that says such an expansion could have only a ‘minimal’ impact on the 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 fresh Jersey-based research firm that performed the research on behalf of the Florida Legislature. The report cost $400,000 to finish, and was taken so as to weigh the potential effect and costs of expanded gambling in the Sunshine State.
In accordance with the report, those effects will be little.
‘The expansion of casino gambling, whether on a little scale or 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, was information gleaned about Florida’s current gambling market.
In accordance with the report, the average gambler that is floridian 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 every Continue reading