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Electronic Gaming Funding a Failure for New Minnesota Vikings Stadium

jeudi, février 27th, 2020

Electronic Gaming Funding a Failure for New Minnesota Vikings Stadium

Electronic pull-tab gaming was likely to pay for 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 benefit from public financing if it was available. The state of Minnesota obliged, but decided that rather than take the cash from the basic fund or produce a special tax to enhance the money, they would bring electronic gambling machines to 1000s of bars along with other venues around their state. It seemed like an audio plan until it was 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 machines during the period of their first year in operation. Of this, around 85% went back to players by means 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’s right: the electronic pull-tab style games raised nothing for their intended function over their very first year operating.

The failure is an embarrassment for Governor Mark Dayton, who may have been strongly behind the brand new Vikings stadium. According to him, the true numbers that have come in show that the state itself was using quite the gamble by depending on the machines to finance their part of the stadium’s (suite…)