ï»¿Electronic Gaming Funding a Failure for New Minnesota Vikings Stadium
Electronic pull-tab gaming was designed to purchase 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 fund that is general create a unique tax to enhance the money, they would bring electronic gambling machines to thousands of bars as well as other venues around the state. It seemed like an audio plan until it had been 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 machines over the course of their year that is first in. Of that, about 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 nothing for the new stadium. That is right: 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 has been strongly behind the new Vikings stadium. According to him, the numbers which have come in show that the state itself ended up being using quite the gamble by depending on the machines to finance their pe Læs resten
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