Electronic pull-tab gaming was supposed to pay for A minnesota that is new vikings, but that plan hasn’t materialized as prepared
When the Minnesota Vikings decided that they needed a new stadium, they desired to make the most of general public financing if it was available. The state of Minnesota obliged, but decided that as opposed to take the cash from the fund that is general create a unique tax to enhance the money, they would bring electronic gambling machines to a huge number of bars as well as other venues around the state. It seemed like a sound plan until it absolutely was placed into practice.
Net Gain: Bupkes
This week, Minnesota announced that residents and people to the state had put down about $15 million in the machines during the period of their first year in operation. Of that, approximately 85% went straight back to players by means of winnings, leaving only about $2 million in earnings. That was split among charity expenses, contributions and general taxes, and left nothing for the stadium that is new. That is correct: the electronic pull-tab design games raised nothing for their intended purpose over their first year operating.
The failure can be an embarrassment for Governor Mark Dayton, who has been strongly behind the brand new Vikings stadium. According to him, the true numbers which have come in show that the state itself ended up being taking quite the gamble by co Read More «Electronic Gaming Funding a Failure for Brand New Minnesota Vikings Stadium»