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 that they needed a new stadium, they desired to benefit from general public financing if it was available. The state of Minnesota obliged, but decided that as opposed to take the cash from the general fund or develop a special tax to enhance 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 was placed 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 the, more or less 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 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 first year in service.
The failure is definitely an embarrassment for Governor Mark Dayton, who’s been strongly behind the brand new Vikings stadium. According to him, the true numbers which have come in show that the state itself was taking quite the gamble by counting on the Continue reading “Electronic Gaming Funding a Failure for Brand New Minnesota Vikings Stadium”