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Minnesota charitable gambling sales hit new high

After paying $166,000 in taxes and $347,000 in rent, advertising and salaries to sell pulltabs and run raffles or bingo nights, the hockey group wound up $5,000 in the hole. On the other hand, some smaller operations that pay less in taxes and have lower operating costs are able to pocket a higher share of gambling proceeds. The Knights of Columbus council in Fairmont, for example, made just $66,000 in gambling revenue after paying out winnings, but it was able to keep $49,000 — 74 percent. Traditional paper pulltabs remain the king of charitable gambling, grossing an estimated $1.5 billion in sales in the fiscal year that ended in June. And electronic pulltabs, after a slow start when first introduced in 2012, are beginning to take off. But early numbers show that every form of charitable gambling was up in the most recent fiscal year, including meat raffles and bingo, Barrett said.

For the original version including any supplementary images or video, visit http://www.startribune.com/minnesota-charitable-gambling-sales-hit-new-high/491718971/

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