Category Archives: Lucky Nugget Casino

Florida Gambling Study Gives Vague Answers



Is Florida ready for more games of possibility? A new commissioned study says, ‘Why not?’

Florida is currently one of the more states that are active it comes down to gambling. There are casinos, racetracks, and jai alai frontons, and many of the venues appear most likely to see slot machines coming to them in the near future. And that is ok, based on a brand new report that says such an expansion might have only a ‘minimal’ impact on the state from both an economic and perspective that is social.

Impact of Gambling Examined

Which was the finding that is biggest from a report by the Spectrum Gaming Group, a fresh Jersey-based research firm that performed the study with respect to the Florida Legislature. The report cost $400,000 to complete, and was taken in an effort to weigh the impact that is potential costs of expanded gambling within the Sunshine State.

In accordance with the report, those impacts would be tiny.

‘The expansion of casino gambling, whether on a scale that is small extremely major, would have, at best, a moderately positive affect the state economy,’ the report stated.

That conclusion is not likely to excite or infuriate anyone. But more interesting, perhaps, was information gleaned about Florida’s present gambling market.

Based on the report, the average gambler that is floridian about $866 each year on gambling. This is all about 16per cent less than the national average. Still, Florida residents account for about Continue reading

Electronic Gaming Funding a Failure for Brand New Minnesota Vikings Stadium



Electronic pull-tab gaming was likely to purchase A minnesota that is new vikings, but that plan hasn’t materialized as planned

When the Minnesota Vikings decided if it was available that they needed a new stadium, they wanted to take advantage of public financing. The state of Minnesota obliged, but decided that rather than take the money from the basic fund or create a special tax to improve the money, they’d bring electronic gambling machines to thousands of bars and other venues around their state. It seemed like an audio plan until it had been put into practice.

Net Gain: Bupkes

This week, Minnesota announced that residents and visitors to the state had put down about $15 million on the devices during the period of their year that is first in. Of that, around 85% went straight back to players in the shape of winnings, leaving only about $2 million in earnings. That was split among charity expenses, contributions and general taxes, and left practically nothing for the stadium that is new. That’s right: the pull-tab that is electronic games raised nothing for their intended purpose over their very first year operating.

The failure can be an embarrassment for Governor Mark Dayton, who’s got been strongly behind the new Vikings stadium. According to him, the true numbers that have come in show that the state itself ended up being taking quite the gamble by relying on the machines to finance Continue reading

New Jersey Sports Betting Law Defeated Again in Appeals Court Governing



Nj-new jersey Gov. Chris Christie was gung-ho on sports gambling for his state back 2011.

New Jersey has lost again in its bid to become the first state to introduce legalized activities betting since the government cracked down in the practice over 20 years ago. A federal appeals court said that the state law New Jersey has been trying to put in practice is trumped by way of a law that is federal outlaws the practice.

Predictable Outcome

The decision wasn’t at all a surprise in many ways. When New Jersey passed the newest Jersey Sports Wagering Law in 2011 after a voter referendum, it was clear that the state had been set for a battle with several opposing factions. Once Governor Chris Christie signed the bill into law last year, it had been just a matter of time before several major sports organizations would challenge it. Sure enough, the National Football League, Major League Baseball, National Basketball Association, National Hockey League, and the NCAA all sued their state.

The case that is initial heard in March of this season. A federal judge said that the state could not legalize sports betting, citing the Professional and Amateur Sports Protection Act (PASPA) at that time. Passed in 1992, that act officially outlawed sports betting in all states which had not legalized the practice by January 1, 1993.

In accordance with the state of New Jersey, though, that legislation violates the state’s Continue reading