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Electronic Gaming Funding a Failure for New Minnesota Vikings Stadium

Electronic Gaming Funding a Failure for New Minnesota Vikings Stadium

Electronic pull-tab gaming was designed to purchase A minnesota that is new vikings, but that plan hasn’t materialized as prepared

When the Minnesota Vikings decided if it was available that they needed a new stadium, they wanted to take advantage of public financing. The state of Minnesota obliged, but decided that rather than take the cash from the fund that is general create a special tax to improve 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 an audio plan until it had been placed into practice.

Net Gain: Bupkes

This week, Minnesota announced that residents and people to the state had put down about $15 million regarding the machines during the period of their year that is first in. Of that, roughly 85% went straight back to players in the form of winnings, leaving only about $2 million in earnings. That was split among charity expenses, contributions and general taxes, and left nothing for the new stadium. That is right: the electronic pull-tab design games raised nothing for their intended purpose over their first year operating.

The failure is an embarrassment for Governor Mark Dayton, who has been strongly behind the brand new Vikings stadium. According to him, the true numbers that have come in show that the state itself had been taking quite the gamble by relying on the machines to finance the (more…)

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Electronic Gaming Funding a Failure for Brand New Minnesota Vikings Stadium

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 if it was available that they needed a new stadium, they wanted to take advantage of public financing. The state of Minnesota obliged, but decided that as opposed to take the money from the general fund or develop a unique tax to enhance the money, they might bring electronic gambling machines to thousands of bars and other venues around the state. It seemed like an audio plan until it was put 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, approximately 85% went straight back to players in the shape of winnings, leaving only about $2 million in earnings. That was split among charity expenses, contributions and basic taxes, and left absolutely nothing for the stadium that is new. That is correct: the pull-tab that is electronic games raised nothing for their intended purpose over their very first 12 months operating.

The failure can be an embarrassment for Governor Mark Dayton, who’s been strongly behind the new Vikings stadium. According to him, the numbers which have come in show that the state itself had been using quite the gamble by counting on the machines to finance their (more…)

Continue Reading
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