Study: Horse Racing Facility Would Generate Billions for Georgia
Friday, March 23rd, 2018
An new economic impact study by The Lewis Group Management Consultants reports that a Racino would produce a broad range of economic benefits for our state, including:
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Create a $525 million investment and 4,000 jobs directly tied to construction.
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Employ more than 2,225 people, grow state GDP by $640 million and have a $1.2 billion economic impact in its first year of operating, with each metric growing over time.
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Generate $210 million in state and local taxes in first year and $1.1 billion over five years.
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Boost rural development by injecting new revenues into purses and breeding programs – 91 percent of the industry’s agribusiness impacts are in rural communities and affect 85 percent of Georgia counties.
