
Electronic pull-tab gaming was likely to purchase A minnesota that is new vikings, but that plan hasn’t materialized as planned
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 fund that is general develop a special tax to enhance the money, they would bring electronic gambling machines to 1000s of bars as well as other venues around hawaii. It seemed like a sound 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 functioning. Of the, more or less 85% went right 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 at all for the stadium that is new. That’s right: the electronic pull-tab design games raised absolutely nothing for their intended function over their first year in service.
The failure is an embarrassment for Governor Mark Dayton, that has been strongly behind the new Vikings stadium. According to him, the true numbers which have come in show that the state itself was using quite the gamble by depending on the machines to finance th Read more