Electronic Gaming Funding a Failure for Brand New Minnesota Vikings Stadium
Electronic pull-tab gaming was likely to buy A minnesota that is new vikings, but that plan hasn’t materialized as prepared
When the Minnesota Vikings decided that they required a new stadium, they wanted to make the most of general public financing if it absolutely was available. The state of Minnesota obliged, but decided that rather than take the cash from the fund that is general produce a unique tax to improve the money, they would bring electronic gambling machines to tens of thousands of bars along with other venues around the state. It seemed like a sound 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 in the machines during the period of their first year functioning. Of that, roughly 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 general taxes, and left absolutely nothing for the new stadium. That is correct: the pull-tab that is electronic games raised absolutely nothing for their intended function over their very https://casino-online-australia.net/indian-dreaming-slot-review/ first 12 months in service.
The failure can be an embarrassment for Governor Mark Dayton, that has been strongly behind the latest Vikings stadium. According to him, the true numbers which have come in show that the state itself had been taking quite the gamble by counting on the machines to finance their portion of the stadium’s cost. (more…)