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MEMO <br /> Steve Sarkozy, City Manager <br /> Edward Burrell, Finance Director <br /> Subjects. <br /> 1997 Charitable Gambling <br /> Date* March 11, 1999 <br /> The following is a report on 1997 numbers for charitable gambling in Roseville and the State of <br /> Minnesota, as well as 1998 numbers for Roseville. State 1998 numbers have not been release and are <br /> expecting a June release. <br /> The following memo will: <br /> analyze how Roseville organizations compare statewide <br /> analyze how Roseville organ ations compare with each other <br /> summarize current trends for charitable gambling in Roseville <br /> How Roseville Organizations Compare Statewide <br /> In Roseville, charitable gambling organizations primarily use bingo to raise money, while statewide <br /> organizations predominantly rely on pull-tabs. Bingo is more labor intensive than pull-tabs and costs tend <br /> to he higher. Despite this higher expense, the net profit ofRoseville organizations exceeded the state <br /> average 10.5% to 10.0%. <br /> The following table is a summary of charitable gambling 'in Roseville and the State of Mnnesota for 1 997. <br /> Roseville stak <br /> % of Gross % of Gross <br /> Act. Amount Receims Am Receints <br /> Gross Receipts 9fi7311910 L3529740)000 <br /> Less: Primes Paid 7.456 77.1% 1.0980224N000 81.2% <br /> Net Receipts 252171.t597 22.9% 254,446,000 18.8% <br /> Less: Expenses* 11203P.154 12.4% 118 8.8% <br /> Net Profit 1 S 1 443 10.5% 135,632,000 10.0% <br /> State Taxes 3 3 3,192 3.4% 62,017,000 4.6% <br /> Charitable Contribution 7355939 7.6% 73,615,000 5.4% <br /> * Includes the City's 3% and 10%. The ratio would be 11.5% if the City's tax and contribution are <br /> excluded. <br />