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City Council Regular
Receive Mid Year Gambling Expenditure Report
Stephanie Lincoln, Deputy City Clerk
City Code 5-2010 requires a semi-annual accounting of gambling expenditures which directly benefit Coon Rapids and cities within the trade area from the organizations licensed by the State Gambling Control Board.
Staff has received and reviewed the semi-annual reports for January 1 through June 30, 2017 showing gambling expenditures within the City of Coon Rapids and trade area for the seven organizations at 16 locations. The combined net profit this period was reported at $497,859.82 with expenditures within the trade area (which includes City of Coon Rapids) reported at $484,327.43. The reported combined expenditures specifically within the City of Coon Rapids was $431,653.23. All organizations achieved the 60% expenditure requirement within the trade area for this period.
Council is requested to receive the gambling expenditure report for the first half of 2017.
Gambling Premises List
2017 Mid Year Gambling Report
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