Gambling Impact Study â Part 1A - Online Sunshine

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LotteryThe Florida Lottery reported FY 2012 sales of a record $4.45 billion, up 11 percent overthe previous year, ranking third in the nation in total sales revenue (FY 2011), behind New York(including its video gaming machine revenue) and Massachusetts. On a per-capita basis, Lotterysales were $233, also a state record.Since its inception in 1988, the Lottery has provided a total of $24 billion to the EducationalEnhancement Trust Fund (“EETF”). In the past fiscal year the EETF has allocated $317 millionfor construction bonds, provided $271 million for public school funding, $130 million for statecolleges, and $254 million for state universities. Since 1997 the Florida Lottery has also providedscholarships to more than 600,000 students through the Bright Futures Scholarship Program,funded primarily through Lottery financial transfers. Lottery tickets are sold at 13,300 retaillocations throughout the state.Indian CasinosThe Seminole Tribe of Florida operates seven casinos, and the Miccosukee Tribe operatesone casino. The Seminole Tribe advised Spectrum that in 2012 its gaming facilities employed9,562 total employees, or 7,725 full-time-equivalent employees (“FTEs”). Another 4,000 areemployed by Seminole casino facility tenants, such as retailers who operate on-site outlets. TheMiccosukee Tribe declined to cooperate with this study, although a Miccosukee Gaming & Resortemployee advised Spectrum that its gaming property employs “over 800.”The Seminole Gaming enterprise generated $1.96 billion in GGR in 2012 at its properties,and we estimate statewide GGR at Indian casinos to be $2.2 billion.At least two other Indian tribes/nations are trying to operate casinos in Florida: The Poarch Band of Creek Indians, based in Atmore, AL, has land in Escambia County,which is held in trust by the US government, and also owns, or has options to own, oragreements to control 10 pari-mutuel permits along the Interstate 10 corridor betweenPensacola and Jacksonville. The Poarch Band said it is seeking to negotiate anagreement, which could include revenue-sharing, with the State to operate Class IIgaming. For the past decade the Muscogee Nation of Florida has been pursuing federalrecognition by act of Congress in order to initiate gaming operations as a means ofeconomic development. Tribal landholdings are well positioned to offer casino gamingin the Florida panhandle.Florida Gaming Study, Part 1-Axii
Fiscal ImpactsOur analysis examines the total economic and fiscal impacts of the gambling industry bysubsectors in 2012. Spectrum found that Florida’s gambling industry directly employed 15,748and supported an additional 10,063 jobs. Its impact on induced jobs was 4,983; when factoring inthe estimated number of additional jobs created by retailers selling lottery tickets, Spectrum foundthat Florida’s gambling industry was responsible for 55,648 direct jobs, 14,269 indirect jobs and19,025 induced jobs.Following are the economic and fiscal impacts by gambling sector:2012 Direct Employment Indirect Employment Induced EmploymentState Tax Revenues(FY 2013) (M)Pari-mutuel 4,953 1,659 1,309 $206.6Lottery 408 2,267 -111 $1,882.0Retail Lottery 39,900 4,206 14,042 $123.7Native American Casinos 10,387 6,137 3,785 $293.3Floridians’ Out-of-StateGaming Spending 0 693 3,143 $15.42012-2060 Slow GrowthAverage AnnualDirect EmploymentAverage AnnualIndirect EmploymentAverage AnnualInduced EmploymentAverage Annual StateTax Revenues(FY2013-2060) (M)Pari-mutuel 5,449 1,757 -1,298 $587Lottery 449 5,295 969 $3,452Retail Lottery 39,099 10,148 28,918 $581Native American Casinos 10,933 6,246 769 $401Floridians’ Out-of-StateGaming Spending 0 488 2,334 $28.62012-2060 Normal GrowthAverage AnnualDirect EmploymentAverage AnnualIndirect EmploymentAverage AnnualInduced EmploymentAverage Annual StateTax Revenues(FY 2013-2060) (M)Pari-mutuel 5,449 1,607 -1,939 $581Lottery 449 5,288 -1,106 $3,561Retail Lottery 39,099 9,775 27,674 $590Native American Casinos 10,933 5,660 -473 $374Floridians’ Out-of-StateGaming Spending 0 455 2,239 $272012-2060 Strong GrowthAverage AnnualDirect EmploymentAverage AnnualIndirect EmploymentAverage AnnualInduced EmploymentAverage Annual StateTax Revenues(FY 2013- 2060) (M)Pari-mutuel 5,449 1,478 -2,506 $575Lottery 449 5,256 -1,239 $3,645Retail Lottery 39,099 9,418 26,330 $551Native American Casinos 10,933 5,145 -1,605 $364Floridians’ Out-of-StateGaming Spending 0 428 2,157 $25Source: Regional Economic Models Inc., Spectrum Gaming GroupFlorida Gaming Study, Part 1-Axiii
Page 1 and 2: GAMBLING IMPACT STUDY:Part 1, Secti
Page 3 and 4: Harness Racing ....................
Page 5 and 6: 7. Conclusion .....................
Page 7 and 8: Figure 66: Florida jai alai handle
Page 9 and 10: Executive SummaryIntroductionThe Fl
Page 11: Operators with cardrooms are requir
Page 15 and 16: future of their state. Our experien
Page 17 and 18: end, REMI relied on its Tax-PI mode
Page 19 and 20: Political: Among various private in
Page 21 and 22: That does not mean that the industr
Page 23 and 24: That latter point can be illustrate
Page 25 and 26: casino referenda, however, gambling
Page 27 and 28: Statutes. For horse racing, the fee
Page 29 and 30: While Hooke is correct in that stat
Page 31 and 32: The need to respond to actions in o
Page 33 and 34: (at 9.4 percent and 9.9 percent, re
Page 35 and 36: 3. Battle for Entertainment Dollars
Page 37 and 38: eight food courts and remote airlin
Page 39 and 40: Florida is a “right to work” st
Page 41 and 42: Bunkley said. “We have a lot of p
Page 43 and 44: 5 states have standalone cardrooms,
Page 45 and 46: Of course, gambling incidence varie
Page 47 and 48: 90.0%72.7%63.0%32.0%30.5%27.7%19.6%
Page 49 and 50: 44%57%25%23%21%12%6%8%7%8%12%10%6%7
Page 51 and 52: sport survives, in large measure be
Page 53 and 54: Yet, with 1,450 slots and 48 poker
Page 55 and 56: said it would consider capital inve
Page 57 and 58: Figure 12: EBITDA return on investe
Page 59 and 60: profitability. A hotel that was cos
Page 61 and 62: eport refer solely to permanent res
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While casinos grew in the state it
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Note the second column in the above
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limits in 2008. Colorado raised the
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Figure 17: Analysis of select casin
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Figure 19: Changing tax rates over
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the US and on four continents aroun
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closer to a destination. The expans
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Number of Native Ameican CasinosGro
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showed that Poarch Band gaming at P
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Certainly, the creation of new wage
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In FY 2012, Florida’s pari-mutuel
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It is critical for policymakers to
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Yonkers Raceway in New York, and th
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e. Impact of Slot Machine Casinos,
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FY 2012, a decline of 33 percent wh
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wagered on the Gulfstream Park sign
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noted that racing will be integrate
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90 percent rule. Pari-mutuel operat
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compounds in rows of small stacked
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One area that Spectrum’s research
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Poker in Florida began to increase
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playing of bingo. The statute stric
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In Florida, the downward trend in n
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greater Miami-Dade area. The bingo
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egressivity of the lottery. While c
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Sales in millions199019911992199319
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MillionsRetail gaming is a crucial
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Sports betting revenue in $ million
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Montana does not offer traditional
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unregulated bingo wagering can comp
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legislation. 257 So have trade asso
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ound was called and the last person
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the domestic economy where the Inte
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The proportion of people who play f
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went on to beat out 838 other conte
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in September, 2013. Massachusetts,
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a comprehensive licensing process d
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proposed legislation; strategic pla
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must submit fingerprint cards and p
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c. Charitable BingoSection 849.0931
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2. Regulation in Other StatesSpectr
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holding of relevant hearings. 317 T
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Figure 35: Ohio gaming regulatory s
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Figure 37: New Jersey gaming regula
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monthly reconciliation is done of t
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Some of the most critical of those
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Investigations. Casino regulatory a
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equirements. The multi-jurisdiction
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of the legality of these cafes has
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many, are card cheats at table game
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Optimizing financial benefit to the
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1985. 357 The matter was summarized
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To whatever extent is reasonable an
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conservator has a fiduciary respons
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According to the grand jury, the hi
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F. Gambling as Public Funding Sourc
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MillionsNew YorkPennsylvaniaFLORIDA
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BillionsFigure 44: Trends in state
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Gamblingrevenue as shareof share of
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Direct casino-revenue taxes, in bil
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Many state and local governments ar
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literature shows that communities w
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pathology that exists on its own or
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increase service levels. They may a
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PA, after the Sands Casino Resort o
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immigrant workers attracted to casi
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acceptable. 420 From these results
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uild a house and make a profit. Unl
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leave a community less well off tha
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increase by 90 percent (to 1.9 perc
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crime, depending on the types of ga
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seems obvious. If one is accumulati
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has any involvement in the industry
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trend in bankruptcies coincided wit
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Nevertheless, there is solid anecdo
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friendship/ family loss, and the ps
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- like its counterparts in other st
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Solution:As the American Psychiatri
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Further, self-exclusion is intended
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1990 through 2010. The analysis ind
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4. Gambling-Specific vs. Non-Gambli
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that would likely not have consider
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Year-over-year chainges in Las Vega
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Figure 51: Review of literature on
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that do not. 518 Cotti finds that,
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that have been performed suggest th
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casinos. In 2012, among all states
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among local residents. 539 Dubuque
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eyond its own amenities to establis
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III. Economic Assessment of Florida
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Avg. Number of SlotsAvg. Slot Rev.
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Paid AttendanceHandle, in millions1
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Paid Attendance19901991199219931994
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Handle and purses, inmillionse. Qua
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Handle, in millionsPaid Attendance1
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Avg. Number of Gaming Positions5,48
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the Educational Enhancement Trust F
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Figure 71: Past, present, future ec
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egulatory costs (in total) for pari
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up only a fraction of their total r
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& salary, tax revenue, as well as F
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Fast forward to 2012, by which time
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employment instead of adding to it)
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Figure 89 shows the private non-far
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Figure 93 above provides a breakdow
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Figure 98: Top 12 Florida industrie
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such as Retail Trade, Food Services
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Figure 105: Lottery forecastLottery
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Figure 111: Average annual employme
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Figure 115: Economic and fiscal imp
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Figure 119: Top 12 Florida industri
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3. Results - Strong Economic Growth
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Figure 159: Employment by demand so
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Figure 162: Summary of employment;
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Millions of fixed (2012) dollarsMil
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eveals them to be largely the same,
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Ohio Senate Oversight Committee Pen
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Last First Affiliation Title DateFo
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Appendix II: REMI Tax-PI Fiscal and
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industry, demographic, demand, and
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Block 1. Output and DemandThis bloc
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Gambling Impact Study â Part 1A - Online Sunshine