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There has been a surge of e-gambling thanks to paperless pull tabs. In the first month, this new tactic of gambling made $642,000 in revenue. This is an effort that is being carried out as an experiment in Minnesota. The tax money will be set aside in the hopes to build a new sports stadium for the Minnesota Vikings National Football League team. The test experiment is being funded as an effort merely to support the construction of the new future stadium but it has taken off in a way that many were not necessarily expecting.
There are currently video pull tab games in 40 different locations which show that e-gaming is off to a phenomenal start. The Minnesota Gambling Control Board has opened these stations as a mere experiment to try to see how it would work but the effort has seen such a huge popularity, that many different machines are being added to various locations every day.
Express Games, Inc. is the only distributor of the video pull tab game devices. While the company has been installing many of these gaming devices at various locations throughout Minnesota on a weekly basis, there are still many locations that are on a waiting list as the demand to use the pull tab electronic gambling devices.
An estimated $350 million is expected to be generated through the use of the taxation money from these electronic games. The taxes are being overseen by the state’s charitable gaming groups. This should bring a significant chunk of money to the fund to start the new Vikings stadium in the future. However, the efforts will still take a lot of time to completely fund the stadium vision due to the allotment of where all the money goes.
From the first month’s $642,000 of sales money, all but $99,000 was returned to a winning player. Of that profit, the money was then divided between the gambling charity, the website that is hosting the pull tab games, the game distributor and then state taxes. What is left over from that is what goes toward the stadium construction piggy bank. The tax money itself will not be going directly to the construction of the stadium. According to law, only state tax money that is above $37 million paid by charities will go to subsidize football.
Though new game players have not exactly made a race to try the new electronic pull tab gaming devices, the new game has been well received. People in Minnesota seem to really love paper pull tabs so this is simply just a new and exciting adjustment for customers. While it is hard to project the revenue that these electronic pull tab devices will generate, the state anticipates that the average money coming in per day per device would be around $34.
While it gains popularity and people become introduced to them, residents of Minnesota should be able to expect that several bars and restaurants will soon be offering these games which are played on handheld devices that resemble iPods. More new games are expected to be added in the future. As of now, it is a bit of a learning curve.