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Electronic Gaming Funding a Failure for Brand New Minnesota Vikings Stadium

Monday, February 24th, 2020

Electronic Gaming Funding a Failure for Brand New Minnesota Vikings Stadium

Electronic pull-tab gaming was designed to buy 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 develop a special tax to improve the money, they’d bring electronic gambling machines to a huge number of bars as well as other venues around hawaii. It seemed like an audio plan until it absolutely was put into practice.

Net Gain: Bupkes

This week, Minnesota announced that residents and people lucky nugget number to the state had put down about $15 million in the machines during the period of their first year functioning. Of the, 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 general taxes, and left absolutely nothing for the brand new stadium. That is right: the pull-tab that is electronic games raised absolutely nothing for their intended function over their first year operating.

The failure is definitely an embarrassment for Governor Mark Dayton, who may have been strongly behind the new Vikings stadium. According to him, the numbers that have come in show that the state itself had been taking quite the gamble by relying on the machines to financ (more…)