E-Pulltab Revenue Down 06 Dec 12

Along with a more-than billion-dollar budget deficit, the latest budget forecast for Minnesota also predicts that electronic pulltabs partially funding a new Vikings stadium won’t raise as much money as expected over the next five years. Budget officials attribute it to slower-than-expected implementation of electronic gaming options and reduced estimates for daily revenue from each gaming device. The projected revenue from the new electronic gambling had been $34-million, but has now been cut to $16-million. The state has also cut its projections through 2017 by $9-million. The expanded gambling is a major part of the state’s $348-million share of the nearly $1-billion stadium. State officials say that the lower revenue is not a cause for concern, and that new games are being rolled out slowly to make sure it’s done right.