Contrary to expectations, profits obtained by Las Vegas-style slot machines recently allowed in south Florida, are far from the anticipated figures. Analysts had predicted that the machines would have a great impact on the state’s public funds.
It had been calculated that Florida would receive around 177 million in taxes per year from slot machines. However, in eight months the machines have only generated less than 44 million, a quite unsettling figure considering all the projects the government had for the money.
Currently, only the Mardi Gras Racetrack and Gaming Center has lived up to the expectations of Florida authorities that wanted each slot machine to generate 219 dollars on average per day. A report released this week states that the slot machines at Gulfstream Park Racing & Casino in Hallandale Beach were the ones that collected less, reaching an average of only 70 dollars per day.
State authorities are very concerned about Gulfstream figures being so low, since said results were not expected for a casino located in such an attractive zone as Broward County. Besides, Gulfstream was the first racetrack to have slot machines in November 2006.
Contrary to expectations, profits obtained by Las Vegas-style slot machines recently allowed in south Florida, are far from the anticipated figures. Analysts had predicted that the machines would have a great impact on the state’s public funds.