The Georgia Lottery Commission has gotten a study to analyze the potential and feasibility for establishing casinos in Georgia.
Spectrum Gaming Group has put together an 84-page report for that GLC, delivered for your Governor to check last week. The report features a bidding process, regulation, revenue streams, types of games and machines, and locations for this type of move.
Jim Galloway in the AJC filed a request for that report, that they has graciously shared. (Be warned, this is a large download and might take some time.) The report indicates that the potential revenue that might be realized for your state of Georgia could approach one billion dollars - no small sum for the state that has spent the very last several years trying to close budget gaps of similar size.
The report analyzed the potential for a casino at several different locations in Atlanta possibly at Savannah and/or Jekyll Island. Such locations would generate revenue for the state based on the upfront auction of casino applications as well as on annual licenses and tax receipts. The upfront application fee, though, couldn't be too large, or it might hamper the newest site's power to generate revenue in the years ahead.
The six Atlanta locations were determined to take downtown Atlanta, Cobb County from the Galleria, DeKalb County nearby the intersection of I-20 and I-285, South Cobb County near Six Flags, Clayton County nearby the airport, as well as the Lake Lanier area in Gwinnett County.
The two locations with all the highest potential gross gaming revenue (GGR) were the downtown location ($791.5 M) as well as the Galleria locations ($788.2 M). The DeKalb option was analyzed to experience a potential GGR of $770.2 M. Clayton County includes a projected GGR of $741.8 M, even though the South Cobb and Lake Lanier option had the best projected GGR.
The plan while using most potential income for Georgia included one casino inside Atlanta area, one casino inside Savannah area, and one inside the Jekyll Island area. The sites were evaluated depending on proximity along with other tourist attractions, as the brand new casino within the 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, as well as looking abroad to Singapore's gaming control board. It suggested a robust check here regulatory framework, supplied from the Georgia Lottery Corporation, to make certain honest gaming and prevention of potential corruption.
The report projects the earliest the state could start seeing revenue from the passage of an gaming bill was 2014. Considering the length of time it popularized move a Sunday alcohol sales bill forward, such a fast-track may not be possible. Talk has previously been do about casinos in Atlanta, but was quickly sloughed off. If there is support from Georgia's leader this time, then your plan could meet with a different fate.