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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 already one of many 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 slot machines visiting them in the future that is near. And that is fine, according to a fresh report that says such an expansion could have only a 'minimal' impact on their state from both an economic and perspective that is social.

Effect of Gambling Examined

That was the biggest finding from a report by the Spectrum Gaming Group, a brand new Jersey-based research firm that performed the study on behalf of 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 is little.

'The expansion of casino gambling, whether on a little scale or 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, was information gleaned about Florida's present gambling market.

In accordance with the report, the average gambler that is floridian about $866 per year on gambling. This is mostly 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 adults who reside inside an hour of a casino gamble at their local casino at least one per year.