Electronic Gaming Funding a Failure for Brand New Minnesota Vikings Stadium
Electronic pull-tab gaming was likely to pay for A minnesota that is new vikings, but that plan hasn’t materialized as planned
When the Minnesota Vikings decided that they needed a new stadium, they desired to make the most of general public financing if it had been available. The state of Minnesota obliged, but decided that rather than take the cash from the general fund or develop a unique tax to improve 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 casino-online-australia.net/ an audio plan until it had been put into practice.
Net Gain: Bupkes
This week, Minnesota announced that residents and visitors to the state had put down about $15 million in the machines over the course of their first year functioning. Of that, about 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 absolutely nothing for the stadium that is new. That is right: the pull-tab that is electronic games raised absolutely nothing for their intended purpose over their first 12 months in service.
The failure is definitely 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 taking quite the gamble by counting on the machines to finance their part of the stadium’s cost. (more…)
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