In April, 2013, House Bill 487 was enacted, which transferred the responsibility for regulatory administration, compliance and enforcement to the Coin Operated Amusement Machines (COAM) division of Georgia Lottery Corporation (GLC) from the Georgia Department of Revenue (DOR).
This division is responsible for the management of thousands of retailers with roughly 22,000 coin operated amusement machines in roughly 5,000 locations throughout the state. The GLC is responsible for issuing licenses to all market participants including machine owners, location owners, manufacturers and companies that distribute the games to the machine owners.
A valid license issued by the GLC is required to place a terminal in your establishment and each location owner is required to work with a licensed machine operator.
Typical establishments include: Convenience stores, gas stations, bars/lounges, restaurants, truck stops, fraternals and veterans clubs.
Redemption of awards from machines can only be made for non-cash business merchandise or lottery tickets at the location where the game is played. No alcohol, tobacco, or firearms can be redeemed as prizes. Points or vouchers from machines may only be redeemed at the premises from which the game or device is located.
Georgia law limits the number of machines at a single location to a maximum of 9. On average each establishment operates roughly 4-5 machines.
Based on the latest industry statistics from the Georgia Lottery Corporation, the average revenue per machine per day is $85.00.
Of this amount, the establishment owner and the machine route operator will each receive 46% while the GLC will receive 8%. By state law, the percentage to the GLC will increase 1% each year (starting July 1) to a maximum of 10% beginning in July 1, 2019 with the establishment owner and machine operator each equally splitting the remainder of the funds.
LB's locations typically perform above the industry average.
The average amount of time to get an establishment owner licensed is roughly 4-8 weeks from the time you sign an operator agreement with Lucky Bucks.