Minn. gamblers spend $1.5B on charitable gaming in 2016
January 07, 2017 8:14 AM
by Robert Mann
Minnesota gamblers spent $1.5 billion on pulltabs, bingo, raffles and other forms of charitable gambling in 2016. That’s more than $275 for every person in the state, according to data included in the Minnesota Gambling Control Board’s annual report.
Charitable gaming sales increased 13.2 percent for the fiscal year ending June 30, 2016 making 2016 the sixth consecutive year of increases.
Gary Danger, the board’s compliance officer, said “July through November, our numbers show we are on track to be up almost 11 percent over last year. It seems to follow the economy.”
The majority of the $1.5 billion in gross receipts was paid out in $1.27 billion in prizes. The state collected $55.8 million in taxes.
The first $37 million was deposited into the general fund, per state statute, with $18 million going toward the funding of U.S. Bank Stadium, Danger said.
After prizes, taxes and expenses were paid, 4.7 percent of the money spent on gambling, about $70 million, went to nonprofits including youth sports, veterans groups and community charities.