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Electronic Gaming Funding a Failure for New Minnesota Vikings Stadium

Electronic Gaming Funding a Failure for New Minnesota Vikings Stadium

Electronic pull-tab gaming was supposed to buy a new minnesota vikings arena, but that plan hasn’t materialized as planned

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 create a special tax to enhance the money, they would bring electronic gambling machines to several thousand bars and other venues around their 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 devices over the course of their year that is first in. Of that, about 85% went back to players in the form of winnings, leaving only about $2 million in earnings. That was split among charity expenses, donations and basic taxes, and left nothing at all for the stadium that is new. That is right: the electronic pull-tab style games raised absolutely nothing for their intended function over their very first 12 months operating.

The failure is definitely an embarrassment for Governor Mark Dayton, that has 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 depending on the machines to finance Lees verder