Electronic pull-tab gaming was likely to pay for a new minnesota vikings stadium, 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 money from the fund that is general create a special tax to enhance the money, they might bring electronic gambling machines to thousands of bars along with other venues around the state. It seemed like an audio plan until it had been put into practice.
Net Gain: Bupkes
This week, Minnesota announced that residents and people to the state had put down about $15 million regarding the devices during the period of their first year in operation. Of the, roughly 85% went 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 practically nothing for the stadium that is new. That’s right: the electronic pull-tab design games raised absolutely nothing for their intended purpose over their very first 12 months operating.
The failure is definitely an embarrassment for Governor Mark Dayton, that has been strongly behind the latest Vikings stadium. According to him, the numbers that have come in show that the state itself ended up being using quite the gamble by relying