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Florida Gambling Study Gives Vague Answers

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Florida Gambling Study Gives Vague Answers

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

Florida is currently 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 most likely to see slot machines visiting them in the near future. And that’s ok, based on a fresh report that says such an expansion might have only a ‘minimal’ impact on the state from both an economic and perspective that is social.

Impact of Gambling Examined

That was the finding that is biggest from a report by the Spectrum Gaming Group, a New Jersey-based research firm that performed the study on behalf of the Florida Legislature. The report cost $400,000 to complete, 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 impacts will be small.

‘The expansion of casino gambling, whether on a scale that is small very major, would have, at best, a moderately positive affect 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 current gambling market.

Based on the report, the average Floridian gambler spends about $866 each year on gambling. This is about 16% less compared to national average. Still, Florida residents account for about 93% of the $2.4 billion take Read More