The final version of the Spectrum Gaming report is out and, while the numbers have been revised and the explanations made clearer, the conclusion remains the same: Florida's economy is so big that the expansion into casinos would have a little overall impact on the state.
The report, produced by the New Jersey-based company, analyzed 12 gaming scenarios provided by the Florida Legislature in anticipation of an attempt by lawmakers to rewrite the existing law. The Florida Senate Gaming Committee, for example, will conduct the second of four hearings on the issue, in Lakeland tomorrow afternoon.
It offers many insights for policymakers, including Gov. Rick Scott, who will be in charge of renegotiating the gaming compact with the Seminole Tribe of Florida, if he choses to start the talks next year, before the portion of the company regulating table games expires in 2015.
Spectrum notes, for example, that allowing the tribe to continue to have exclusive operation of table games in Florida "could widen the revenue gap between the Seminole casinos and the pari-mutuel casinos, creating deterioration of operating performance for the pari-mutuels."
Here are some of the report's other conclusions: