Georgia is well-known for having some of the strictest gambling laws in the country. Over the years, many have been pushing for lawmakers here to make changes to these laws. One prominent group of gambling companies are now pushing to legalize casinos in Georgia!
A growing number of residents support this move. It would likely help to bring Georgia a huge amount of tax revenue every single month. Today, we will talk about what needs to happen for casinos to become legal here.
Let’s get into it!
US Casino Revenue Jumped Considerably in June
It’s been more than a year since most casinos around the US reopened to the public. Since that time, the US land-based casino industry has been slowly recovering. Tourism to major gambling hubs has been increasing and revenue has been steadily rising.
Many states recently released their casino revenue reports for the month of June. The majority of these states saw a major jump in their revenue figures. It’s great news for the various casino companies across the country.
New Jersey set a new monthly gambling revenue record this June. Combined GGR came out to $392.8 million last month. The land-based casinos in this state managed to bring in $214.5 million. $154.1 million was earned from slots and $60.4 came from table games.
Mississippi is known for having one of the largest casino industries in the Southern US. In June, the casinos here managed to bring in $147 million in total gross gaming revenue. That is a new monthly revenue record for the state.
Not every state’s casino industry saw such a large increase in gambling revenue. Massachusetts and Louisiana both ended up seeing revenue drops last month. Most analysts expect things to turn around in these states in July, though.
Georgia is one of the few states without any legal casinos. It now appears that there is another major push to finally allow Class III gambling venues in this state. Here’s what we know about this situation.
More Gaming Companies Push to Legalize Casinos in Georgia
Gambling regulations vary widely across the country. Places like Nevada and New Jersey are known for their liberal take towards the gaming industry. Others states such as Georgia are known for their intense, restrictive laws towards all forms of gambling.
Casinos have been prohibited in Georgia for decades. Many residents and lawmakers here have complained about this fact. Allowing casino gambling, they argue, would help to bring the state an incredible amount of revenue every single month.
Reports surfaced this week claiming that a group of several companies is now pushing to legalize casinos in Georgia. Major gaming companies including Caesars Entertainment, Bally’s Corporation, Hard Rock International, and Wynn Resorts are all pushing for this change. These companies (and others) have formed their own lobbying group in an attempt to change the state’s gambling laws in 2022.
This is likely the most intense effort to allow casinos in Georgia to date. The group claims that revenue from legal casinos would help to revive the HOPE Scholarship Program in the state, as well as bring money to various other education projects. Atlanta commercial real estate executive Rick Lackey spoke about a possible vote on this issue to the media this week.
“It would be a vote against $5 billion in brick-and-mortar construction and 50,000 new jobs in Georgia,” Lackey said.
Gambling fans in Georgia are likely happy to hear about this new effort to allow casinos. There will be major pushback, though. Georgia is home to a huge number of anti-gambling groups that are expected form their own counter-lobbying effort.
There is a chance that gambling laws in Georgia will change in the future. Could sports betting become legal in Georgia at some point soon, too?
When Will Georgia Legalize Sports Gambling?
The US sports gambling industry has been expanding rapidly over the past few years. More than half the states across the country have a legal sports betting industry up and running. Most of these states are earning a huge amount of revenue, as a result.
Most of the lawmakers in Georgia have shown little interest in getting sports gambling up and running. It’s a shame when considering how many sports fans are living here. Most analysts believe Georgia could develop one of the most profitable sports gambling industries in the country.
The same group pushing to legalize casinos in Georgia is also working hard to allow sports betting in this state. Several of the major sports franchises in Atlanta may show support for this move. These franchises likely recognize their own potential for revenue earnings with legal sports betting available.
One mobile sports betting bill made it all the way through the Senate in Georgia this year. Unfortunately, it failed to progress any further. Some believe that 2022 is the year this form of gambling finally becomes available in Georgia.
It seems there could be some major changes taking place here. Several powerful companies are working hard to allow gambling in the state. We’ll be sure to offer updates on this situation over the next few months!
Do you think this group will manage to legalize casinos in Georgia? Let us know in the comments section below!