Electronic Gaming Funding a Failure for New Minnesota Vikings Stadium

Electronic Gaming Funding a Failure for New Minnesota Vikings Stadium

Electronic pull-tab gaming was expected to purchase a new minnesota vikings stadium, 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 rather than take the money from the fund that is general develop a unique tax to raise the money, they might bring electronic gambling machines to 1000s of bars along with other venues around hawaii. It seemed like an audio plan until it was placed into practice.

Net Gain: Bupkes

This week, Minnesota announced that residents and people to the state had put down about $15 million on 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 general taxes, and left practically nothing for the brand new stadium. That’s right: the electronic pull-tab style games raised absolutely nothing for their intended function over their first 12 months in service.

The failure is an embarrassment for Governor Mark Dayton, that has been strongly behind the newest Vikings stadium. According to him, the numbers that have come in show that the state itself ended up being taking quite the gamble by relying on the machines to finance their p Continue reading “Electronic Gaming Funding a Failure for New Minnesota Vikings Stadium”