The Georgia Lottery Commission has gotten a study to check the potential and feasibility for establishing casinos in Georgia.
Spectrum Gaming Group has come up with an 84-page report for your GLC, delivered to the Governor to examine last week. The report features a bidding process, regulation, revenue streams, varieties of games and machines, and locations for such a move.
Jim Galloway from the AJC filed a request to the report, that she has graciously shared. (Be warned, it is a large download and might 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 to get a state that has spent the 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 at Savannah and/or Jekyll Island. Such locations would generate revenue for that state depending on the upfront auction of casino applications as well as on annual licenses and tax receipts. The upfront application fee, though, cannot be too large, or it could hamper the new site's capability to generate revenue to come.
The six Atlanta locations were determined to have downtown Atlanta, Cobb County by the Galleria, DeKalb County near 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 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 possess a potential GGR of $770.2 M. Clayton County includes a projected GGR of $741.8 M, as the South Cobb and Lake Lanier option had the cheapest projected GGR.
The plan with the most potential get more info income for Georgia included one casino in the Atlanta area, one casino in the Savannah area, and one inside Jekyll Island area. The sites were evaluated determined by proximity with tourist attractions, as the newest 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 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 through the passage of an gaming bill was 2014. Considering how much time it took to move a Sunday alcohol sales bill forward, this kind 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 leader this time, then the plan could talk with a different fate.