Electronic Gaming Funding a Failure for Brand New Minnesota Vikings Stadium
Electronic pull-tab gaming was supposed to buy A minnesota that is new vikings, but that plan hasn’t materialized as prepared
When the Minnesota Vikings decided that they required a new stadium, they wished to benefit from public financing if it was available. The state of Minnesota obliged, but decided that rather than take the cash from the fund that is general create a special tax to enhance the money, they would bring electronic gambling machines to several thousand bars along with 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 devices over the course of their year that is first in. Of that, about 85% went straight back to players in the shape of winnings, leaving only about $2 million in earnings. That was split among charity expenses, donations and basic taxes, and left nothing for the stadium that is new. That is correct: the electronic pull-tab style games raised nothing for their intended function over their very 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 was taking quite the gamble by counting on the machines to finance their percentage of the stadium’s cost. Continue reading “Electronic Gaming Funding a Failure for Brand New Minnesota Vikings Stadium”