Electronic Gaming Funding a Failure for Brand New Minnesota Vikings Stadium
Electronic pull-tab gaming was designed to pay for a new minnesota vikings arena, 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 as opposed to take the cash from the basic fund or create a unique tax to enhance the money, they’d bring electronic gambling machines to a large number of bars as well as other venues around their state. It seemed like a sound plan until it had been put into practice.
Net Gain: Bupkes
This week, Minnesota announced that residents and visitors to the state had put down about $15 million on the machines during the period of their first year functioning. Of the, around 85% went right 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 nothing for the brand new stadium. That is right: the pull-tab that is electronic games raised absolutely nothing for their intended purpose over their first year in service.
The failure can be an embarrassment for Governor Mark Dayton, who has been strongly behind the latest Vikings stadium. According to him, the numbers which have come in show that the state itself was taking quite the gamble by depending on the machines to finance their percentage of the stadium’s cost. Electronic Gaming Funding a Failure for Brand New Minnesota Vikings Stadium 더보기