Electronic pull-tab gaming was designed 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 rather than take the money from the basic fund or create a special tax to raise the money, they would bring electronic gambling machines to a large number of bars as well as other venues around the state. It seemed like an audio plan until it absolutely was put into practice.
Net Gain: Bupkes
This week, Minnesota announced that residents and visitors to the state had put down about $15 million in the devices during the period of their first year in operation. Of the, around 85% went 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 practically nothing for the new stadium. That’s right: the pull-tab that is electronic games raised absolutely nothing for their intended function over their first 12 months in service.
The failure can be 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 counting on the machines to finance t Continue reading