Electronic Gaming Funding a Failure for New Minnesota Vikings Stadium
Electronic pull-tab gaming was expected 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 as opposed to take the cash from the basic fund or produce a unique tax to improve the money, they would bring electronic gambling machines to a huge number of bars along with other venues around hawaii. It seemed like a sound 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 on the devices during the period of their year that is first in. Of the, roughly 85% went straight back to players by means of winnings, leaving only about $2 million in earnings. That was split among charity expenses, donations and general taxes, and left nothing for the brand new stadium. That is correct: the pull-tab that is electronic games raised nothing for their intended purpose over their very first 12 months operating.
The failure is an embarrassment for Governor Mark Dayton, who may have been strongly behind the brand new Vikings stadium. According to him, the numbers which have come in show that the state itself was using quite the gamble by counting on the machines to finance their percentage of the stadium’s cost.