The Georgia Lottery Commission has received a study to check the potential and feasibility for establishing casinos in Georgia.
Spectrum Gaming Group has come up with an 84-page report to the GLC, delivered for your Governor to analyze last week. The report encompasses a bidding process, regulation, revenue streams, forms of games and machines, and locations for a real move.
Jim Galloway of the AJC filed a request for that report, that they has graciously shared. (Be warned, this is a large download and could take some time.) The report indicates that the possible revenue that may be realized for your state of Georgia could approach one billion dollars - no small sum for any state that has spent the past several years looking to close budget gaps of similar size.
The report analyzed the potential 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 using 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 will hamper the new site's ability to generate website revenue going forward.
The six Atlanta locations were determined to be in 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 the Lake Lanier area in Gwinnett County.
The two locations with the highest potential gross gaming revenue (GGR) were the downtown location ($791.5 M) and the Galleria locations ($788.2 M). The DeKalb option was analyzed to have a potential GGR of $770.2 M. Clayton County has a projected GGR of $741.8 M, whilst the South Cobb and Lake Lanier option had the minimum projected GGR.
The plan while using most potential income for Georgia included one casino inside the Atlanta area, one casino inside the Savannah area, and one inside Jekyll Island area. The sites were evaluated according to proximity with tourist attractions, as the modern casino in 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 strong regulatory framework, supplied with the Georgia Lottery Corporation, to make certain honest gaming and prevention of potential corruption.
The report projects that the earliest the state of hawaii could start seeing revenue from your passage of your gaming bill was 2014. Considering just how long it took to move a Sunday alcohol sales bill forward, a real 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 a plan could talk with a different fate.