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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 likely to pay for 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 general fund or create a unique tax to raise the money, they’d bring electronic gambling machines to tens of thousands of bars as well as other venues around hawaii. It seemed like 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 regarding the devices over the course of their year that is first in. Of this, more or less 85% went right back to players in the shape of winnings, leaving only about $2 million in earnings. That was split among charity expenses, donations and basic taxes, and left practically nothing for the new stadium. That is correct: the electronic pull-tab style games raised absolutely nothing for their intended function over their very first year operating.

The failure is an embarrassment for Governor Mark Dayton, who’s got been strongly behind the latest 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 portion of the stadium’s cost. Leer más