Electronic pull-tab gaming was supposed to buy A minnesota that is new vikings, but that plan hasn’t materialized as planned
When the Minnesota Vikings decided that they required a new stadium, they desired to take advantage of general public financing if it was available. The state of Minnesota obliged, but decided that as opposed to take the money from the fund that is general produce a special tax to raise the money, they might bring electronic gambling machines to tens of thousands of bars as well as other venues around the state. It seemed like an audio plan until it 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 during the period of their first year in operation. Of the, more or less 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 general taxes, and left nothing at all for the stadium that is new. That is correct: the electronic pull-tab style games raised absolutely nothing for their intended function over their first year operating.
The failure can be an embarrassment for Governor Mark Dayton, that has been strongly behind the new Vikings stadium. According to him, the numbers that have come in show that the state itself ended up being using quite the gamble by dependi Continue reading “Electronic Gaming Funding a Failure for New Minnesota Vikings Stadium”