The Georgia Lottery Commission has brought a study to examine the potential and feasibility for establishing casinos in Georgia.
Spectrum Gaming Group has put together an 84-page report for the GLC, delivered to the Governor to analyze last week. The report encompasses a bidding process, regulation, revenue streams, forms of games and machines, and locations for this type of move.
Jim Galloway with the AJC filed a request to the report, that they has graciously shared. (Be warned, it's a large download and could take some time.) The report indicates that the possible revenue that is realized for your state of Georgia could approach one billion dollars - no small sum for a state that has spent the very last several years attempting to close budget gaps of similar size.
The report analyzed the possibility of a casino at several different locations in Atlanta and also at Savannah and/or Jekyll Island. Such locations would generate revenue for your state based on the upfront auction of casino applications and so on annual licenses and tax receipts. The upfront application fee, though, can't be too large, or it could hamper the modern site's capacity to generate revenue moving forward.
The six Atlanta locations were check here determined to have downtown Atlanta, Cobb County from the Galleria, DeKalb County close to the intersection of I-20 and I-285, South Cobb County near Six Flags, Clayton County nearby the airport, and the Lake Lanier area in Gwinnett County.
The two locations using the highest potential gross gaming revenue (GGR) were the downtown location ($791.5 M) and also the Galleria locations ($788.2 M). The DeKalb option was analyzed to experience a potential GGR of $770.2 M. Clayton County carries a projected GGR of $741.8 M, while the South Cobb and Lake Lanier option had the best projected GGR.
The plan while using most potential income for Georgia included one casino within the Atlanta area, one casino inside the Savannah area, and one within the Jekyll Island area. The sites were evaluated based on proximity with other tourist attractions, as the modern casino inside Atlanta area would aim to enhance the city's tourism aspects.
The study also drew upon evaluations of other states' programs, such as Indiana, Pennsylvania, and New Jersey, along with looking abroad to Singapore's gaming control board. It suggested a robust regulatory framework, supplied through the Georgia Lottery Corporation, to ensure honest gaming and prevention of potential corruption.
The report projects the earliest the state could start seeing revenue from your passage of the gaming bill was 2014. Considering how much time it took to move a Sunday alcohol sales bill forward, such a fast-track will not be possible. Talk has previously been help with about casinos in Atlanta, but was quickly sloughed off. If there is support from Georgia's us president this time, then the plan could talk to a different fate.