The Future of Gaming
The Mille Lacs Band of Ojibwe owns and operates numerous businesses in East Central Minnesota, including Grand Casino Mille Lacs and Grand Casino Hinckley. These businesses benefit the economy by providing jobs, generating tourism, supporting vendors, and contributing to economic development across the region.
For many years, the state has considered gaming expansion as a way to raise revenue for the state. Again during the 2012 session, gaming expansion was a hot topic at the Minnesota Capitol – this time to fund things like the state's portion of a new Minnesota Vikings stadium.
The 2012 Minnesota legislative session passed a bill to fund the state’s $348 million portion of the $975 million Vikings stadium. The funding will primarily come from an expansion in charitable gaming – specifically electronic pull tabs and electronic linked bingo.
Proponents of the plan estimate more than $500 million annually in wagers above and beyond existing charitable gaming – an amount that many are skeptical of. Based on this assumption, the state will collect $57.9 million in new tax revenues per year starting in fiscal year 2014 (which starts July 1, 2013). If the state is unable to collect that amount, backup funding is slated to come from a 10% surcharge on stadium suites and a sports-themed scratch-off game through the Minnesota Lottery.
Although the Legislature won’t reconvene until 2013, we will provide pertinent news here in the months ahead.Learn more:
• Sign up to receive the latest updates on gaming expansion talks at the Minnesota Legislature
• The Mille Lacs Band and its Grand Casinos: An economic engine in East Central Minnesota