Forum The Longship Remember when everyone was freaking-out about pull...

Remember when everyone was freaking-out about pull-tabs not paying for USB Stadium?

purplefaithful
Joined May 2013
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Rep: 4,201

Gambling growth gives boost to U.S. Bank Stadium reserves

Pulltabs and other charitable gambling have generated so much revenue to pay off U.S. Bank Stadium’s debt that corporate taxes are no longer needed for that purpose, state officials say.
The state projected last week that the reserve account for the stadium will climb to $193 million by 2023, even without an annual infusion from corporate taxes. The rising revenue could even pay off the stadium debt earlier than anticipated, saving hundreds of millions in interest costs.
It’s possible because charitable gambling taxes — the original stadium funding source — have soared after a sluggish start.
The taxes were growing so slowly that in 2013, state leaders had to look elsewhere for a cash infusion. In addition to a one-time tax on cigarettes, officials closed what they described at the time as a corporate tax “loophole” involving overseas income. The corporate tax pumped $20 million a year into the account, money that can now be redirected back to the state’s general fund.
http://www.startribune.com/gambling-growth-boosts-u-s-bank-stadium-reserves/502532221/

Hurry-up Vikings, we ain't getting any younger! 

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#1 · Dec 12, 6:30 AM
DE
Joined Apr 2026
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That was a hot topic, very surprised nobody commenting on this.  Either way nice to see pull-tab revenue coming in so strong, taking burden off corporate taxes.  

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#2 · Dec 12, 11:24 AM
DE
Joined Apr 2026
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If people aren't complaining, they aren't happy. Its why Twitter exists.

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#3 · Dec 12, 11:52 AM
DE
Joined Apr 2026
206,512 posts
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@"StickyBun" said: If people aren't complaining, they aren't happy. Its why Twitter exists.
I could say the same thing about my wife! But I deserve most of it.
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#4 · Dec 12, 1:10 PM
DE
Joined Apr 2026
206,512 posts
Rep: 0

So how is the Casino industry work in Minnesota? Is the state not allowed to give a license out to non-Native american owned Casino? Just seems like an easy way to collect a little more revenue.

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#5 · Dec 13, 4:09 PM
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Forum The Longship Remember when everyone was freaking-out about pull...
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