Monthly Archives: February 2020

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 these venues look likely to see slots visiting them in the forseeable future. And that’s fine, according to a new report that says such an expansion might have only a ‘minimal’ impact on their state from both an economic and social viewpoint.

Effect of Gambling Examined

That was the finding that is biggest from a report by the Spectrum Gaming Group, a fresh Jersey-based research firm that performed the study 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 impacts would be little.

‘The expansion of casino gambling, whether on a small scale or extremely large scale, would have, at best, a moderately positive effect on the state economy,’ the report stated.

That conclusion isn’t likely to excite or infuriate anybody. But more interesting, perhaps, was information gleaned about Florida’s present gambling market.

According to 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 each year by existing Florida casinos, and about one-third of Florida grownups who live within an hour of a casino gamble at their local casino at minimum once a year.