The Georgia Lottery Commission has received a study to examine the potential and feasibility for establishing casinos in Georgia.
Spectrum Gaming Group has assembled an 84-page report for that GLC, delivered for the Governor to check last week. The report encompasses a bidding process, regulation, revenue streams, types of games and machines, and locations for a real move.
Jim Galloway of the AJC filed a request to the report, that she has graciously shared. (Be warned, this is a large download and could take some time.) The report indicates that the potential revenue that could be realized to the state of Georgia could approach one billion dollars - no small sum for any state that has spent the final several years attempting to close budget gaps of similar size.
The report analyzed the potential for a casino at several different locations in Atlanta and at Savannah and/or Jekyll Island. Such locations would generate revenue for the state in line with the upfront auction of casino applications and on annual licenses and tax receipts. The upfront application fee, though, could not be too large, or it will hamper the new site's power to generate revenue going forward.
The six Atlanta locations were determined to maintain downtown Atlanta, Cobb County with the Galleria, DeKalb County at the intersection of I-20 and I-285, South Cobb County near Six Flags, Clayton County near the airport, and also the Lake Lanier area in Gwinnett County.
The two locations while using highest potential gross gaming revenue (GGR) were the downtown location ($791.5 M) along with the Galleria locations ($788.2 M). The DeKalb option was analyzed to experience a potential GGR of $770.2 M. Clayton County features a projected GGR of $741.8 M, even though the South Cobb and Lake Lanier option had the lowest projected GGR.
The plan with the most potential income for Georgia included one casino in the Atlanta area, one casino inside the Savannah area, and one inside the Jekyll Island check here area. The sites were evaluated based on proximity with tourist attractions, as the newest casino inside Atlanta area would look to enhance the city's tourism aspects.
The study also drew upon evaluations of other states' programs, like Indiana, Pennsylvania, and New Jersey, and also looking abroad to Singapore's gaming control board. It suggested a strong regulatory framework, supplied through the Georgia Lottery Corporation, to make sure honest gaming and prevention of potential corruption.
The report projects the earliest their state could start seeing revenue in the passage of the gaming bill was 2014. Considering how much time it loved move a Sunday alcohol sales bill forward, this type of fast-track is probably not 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 your plan could talk to a different fate.