Vikings Stadium: Charities Worried About Increased Taxes

At first, Minnesota based bingo and pulltab charities were hopeful that the new Vikings stadium deal would bring tax relief but now the shoe is on the other foot. In a report by the Star Tribune, charity groups in Minnesota are worried that they may end up having to pay more.

Courtesy of the Star Tribune:

Gambling managers such as Laurie Gluesing of the nonprofit Climb Theater in Inver Grove Heights have crunched the new numbers and are worried. Climb is among roughly 1,200 Minnesota nonprofits being counted on to generate $348 million in taxes to underwrite the state's share of the cost of a new Vikings stadium.

"To reach my same profit level with the new taxes and new higher prize level, I would have to do more than $2 million in gross sales,'' she said. "But can I sell $2 million more in pulltabs?"

However, the Minnesota Department of Revenue is adament that it is far too early to determine how the charities' tax structure will fare. That of course hasn't calmed the nerves of many of the proprietors of the charitable organizations. Ultimately, the new structure is believed to benefit charities that payback high rates for games which is believed to increase gambling and help pay for the stadium.

For more on the Minnesota stadium situation, stay with SB Nation Minnesota's StoryStream. For more on the Vikings, head over to Daily Norseman. And for full NFL coverage, be sure to check out SB Nation's NFL hub.

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