Gov. Meets with Gambling Officials; Sluggish Electronic Pull Tab Revenue
Electronic pull tabs in Minnesota is off to a sluggish start about 50% below projections.
Today Governor Dayton met with gambling and state officials to discuss the low revenue, that's supposed to pay for the state's portion of the new Vikings stadium.
It's unknown what was said about why electronic pull tabs are off to a slow start. But the governor and the Gambling Control Board believe there's no reason to panic.
The reason electronic pull tabs is even being discussed is because the money isn't flowing as projected. There's an $18 million difference in the revenue projected to be in the Vikings stadium account by the end of fiscal 2013, and what is now being projected.
Also the number of bars offering the new games isn't meeting projections. The state Gambling Control Board projected that eventually 2,500 bars and restaurants will have electronic pull tabs. They projected 300 by now, instead since going online in September they're only in 75 establishments.
If the electronic pull tabs continue to bring in lower-than-projected revenue, the stadium bill includes two back-up funding sources; a tax on luxury suites in the stadium and a sports-themed lottery game.