Electronic Gaming Funding a Failure for New Minnesota Vikings Stadium
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 brand new stadium, they wanted to benefit from general public financing if it had been available. The state of Minnesota obliged, but decided that rather than take the cash from the fund that is general develop a unique tax to improve the money, they would bring electronic gambling machines to several thousand 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 in the devices over the course of their year that is first in. Of the, around 85% went right back to players in the form of winnings, leaving only about $2 million in earnings. That was split among charity expenses, contributions and basic taxes, and left practically nothing for the new stadium. That is right: 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, who has been strongly behind the latest Vikings stadium. According to him, the numbers that have come in show that the state itself was taking quite the gamble by counting on the machines to finance their part of the stadium’s cost. Continue reading “Electronic Gaming Funding a Failure for New Minnesota Vikings Stadium”