Electronic Gaming Funding a Failure for New Minnesota Vikings Stadium
Electronic pull-tab gaming was expected to pay for a new minnesota vikings stadium, 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 fund that is general produce a unique tax to raise the money, they’d bring electronic gambling machines to a large number of bars and other venues around the state. It seemed like a sound plan until it was put into practice.
Net Gain: Bupkes
This week, Minnesota announced that residents and people 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 straight 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 stadium that is new. That is right: the electronic pull-tab style games raised absolutely nothing for their intended purpose over their first 12 months operating.
The failure is an embarrassment for Governor Mark Dayton, who’s been strongly behind the new Vikings stadium. jugar indian dreaming slot According to him, the true numbers which have come in show that the state itself ended up being taking quite the gamble by relying on the machines to finance their percentage of the stadium’s cost.Continue reading