Florida Casino Gaming Revenues On The Rise

Florida Casino Gaming Revenues On The Rise

The gain is mostly due to a 40 percent increase year-over-year in Florida casino and card room revenue to $445.4 million, which made up for declines in lottery revenue and racing and sports gambling.

Many states continue to look to gaming to solve their budget problems either by increasing the tax rates gaming operators pay of by introducing new forms of gaming,” noted the report.

“By adding video lottery terminals, video gaming machines and slots to horse tracks, initiating new lottery games, allowing video bingo and by widening the scope of tribal gaming, legislators have been very aggressive in promoting gaming as a way to fill the tax coffers of their states.”

In February, the Florida Legislature withdrew a bill allowing resort casinos.

American Casino Guide