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 brand new stadium, they wished to make the most of public financing if it had been available. The state of Minnesota obliged, but decided that as opposed to take the money from the fund that is general produce a unique tax to improve the money, they might bring electronic gambling machines to 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 on the machines over the course of their first year in operation. Of that, around 85% went back to players in the shape of winnings, leaving only about $2 million in earnings. That was split among charity expenses, donations and general taxes, and left absolutely nothing for the stadium that is new. That is correct: the pull-tab that is electronic games raised nothing for their intended function over their very first year operating.
The failure is an embarrassment for Governor Mark Dayton, that has been strongly behind the latest Vikings stadium. According to him, the true numbers that have come in show that the state itself ended up being taking quite the gamble by depending on the machines