Bingo is ruler in Georgia. Georgia is where Bingo all began in America, back in Nineteen Twenty Nine. But in the decades after Bingo arrived (through Italy) at a fair in Georgia, the game was made against the law with most other varieties of betting.
In 1976, Bingo was made legal for non-profit corporations. Since Bingo is 1 of only three styles of gambling legal in Georgia (along with raffles and also the state lotto), the game has turn out to be a big crowd pleaser.
There are well over 200 bingo providers in Georgia nowadays. Georgians grossed more than 35,000,000 dollars in income for its Bingo providers in 2005, for an average of around One Hundred and Trity Thousand dollars per provider. Georgians won around 20 million dollars in cash during the same period. Georgian charities saw 1.5 million dollars in cash from the Bingo industry.
Georgia has a few of the toughest bingo regulations within the U.S. Providers are restricted in the sum of prizes they can pay at any 1 time. Games can hand out cash prizes with a one thousand five hundred dollars per session and three thousand dollars per week, which is well lower than the restrictions in other states.
The GBI: Bingo Unit monitors bingo games in the state. In the last Twenty-five years, about Fifty businesses have forfeited their licence in Georgia for repeated violations of the state betting laws and regulations. The outcome is that the majority of bingo palaces in Georgia are Veterans of Foreign Wars and assistance groups, the sort of groups which operate a game to pay for their not for profit activities.
Of course, as long as bingo is really a huge money venture, there will be individuals who find a way to work around the rules. With twelve thousand or more individuals employed in the charitable betting industry of Georgia, the Bingo Unit is certain to be busy in the years to come.
This entry was posted on February 23, 2010, 8:21 pm and is filed under Bingo. You can follow any responses to this entry through RSS 2.0. You can leave a response, or trackback from your own site.