The Florida House and Senate today announced the joint selection of Spectrum Gaming Group to complete a two-part study of gaming in Florida to assist the Legislature in better understanding the economic, fiscal, and social impacts of possible changes in Florida’s gaming environment.
“Spectrum has extensive experience in providing independent studies of gaming in a variety of jurisdictions, including Massachusetts, Connecticut, Illinois, Kentucky, Louisiana, and Ohio,” said Florida House Speaker Will Weatherford. “I look forward to reviewing their report as we take a holistic view of the role gaming plays in Florida’s economy.”
The gaming study will provide a comprehensive analysis of gaming market information, to include: an assessment of the Florida gaming industry and its economic and social effects; an assessment of various potential changes in the gaming industry and their potential economic and social effects (including effects on other areas of the economy); and a statistical analysis of relationships between gaming and economic variables for communities.
“The Florida Lottery, Seminole casinos, and gaming activities at licensed pari-mutuel facilities generate substantial economic activity; however, the State’s management of these activities has been focused on piecemeal changes, not a comprehensive policy that integrates gaming into the broader Florida economy,” said Senate President Don Gaetz. “This study will help House and Senate committees comprehensively examine gaming issues, including those that will affect the scheduled renegotiation of the Seminole Gaming Compact.”
“Spectrum is honored by this selection, as we realize the importance of this study to Florida’s policymakers in so many ways, from the future of its tourism industry to the quality of life for its citizens,” said Michael Pollock, Spectrum Gaming Group’s Managing Director.
The gaming study is divided into sub-parts, which will be addressed in separate reports delivered in July and October. The total cost of the two-part gaming study is $388,845.