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1990_0220_packet
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1990_0220_packet
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11/3/2011 2:28:07 PM
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IrEXPENDYWRE OF'IAWFUL GAMBLING PROCEEDS 3 <br />tive it" is, not surprising that organizations, have been interested 'in pursuing <br />W * 0. <br />gambling as a method offunding. What, is more surprising to many is that <br />0 <br />Minnesotans are Willing to spiend. large amounts of money on lawful gamin <br />activities. I <br />4i <br />Gamblin Ivi 1 1 <br />,g act* ty in Minnesota has, increased riapidly'n the last five years. As <br />Figure 2.2 shows, gross receipts have risen from $111 million In 1985 to an es- <br />timated $1.2, billion. in 1989.1. Table 2.2 shows, the rise of gambling by type of <br />acti"'Ity. Almost, all of the, increase in, receipts has come from the sale of pull- <br />tabs and tipboards. <br />0i <br />A,though, discussion of'the growth in gambling activity is frequently framed 16fl <br />terms. of'g�ros,s receipts, <br />■ more. reasonable way to look at the industryis ion <br />terms of'total, receipts minus prii,zes, because this, is the amount actually spent <br />by organizations. This amount is defined in statute as gross profit. it i's what <br />remains after the play of'the games to pay taxes, allowable expenses, and to <br />1 19,85 receipts reflect only 9-months ofgambling activity � There was no reporting of gambling receipts <br />a <br />before the stat e. took over responsibility Ifoir gaming from local, governments in April 1985. <br />21 TI'M is oinlyan app roxioration 'biecausesame organizations have gambling locations in MOTe than one <br />county., <br />
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