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With $750 million of public money in their pockets, the Raiders and NFL don’t think they’re risking much by moving from Oakland to Las Vegas.

By a reported 31-1 margin, NFL owners approved the move on Monday morning during the NFL’s annual meeting at The Arizona Biltmore. Miami was the only dissenting vote, according to reports.

“I have mixed feelings, obviously,” said Raiders owner Mark Davis. “I love Oakland. I love the fans in Oakland. I understand there will be disappointment and some anger.”

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The Raiders, who have the worst stadium situation in the NFL, plan to move into a new $1.9 billion facility in Las Vegas in 2020. The plan is to continue playing in Oakland for at least two years and possibly three while their new stadium is being constructed.

Nevada has approved a hotel tax designed to raise $750 million toward the cost of the stadium.

The Raiders will contribute $500 million, which includes a $200 million loan from the NFL.

Bank of America has agreed to loan an additional $650 million toward the project. It’s not clear how that loan would be secured.

In a brief press conference appearance on Monday, Commissioner Roger Goodell said the NFL had been trying to find an answer to the Raiders stadium problems in Oakland for more than a decade.

“We needed to achieve certainty and stability for the Raiders, as well as for the league,” Goodell said before returning to meetings.

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The Raiders share the Oakland Coliseum with the A’s baseball team, and solving both franchise’s stadium problems made it difficult for the Raiders to stay in the Bay Area.

The Raiders had two one-year options to remain in Oakland, which Davis said they plan to do. He also would like to keep the team there a third year before moving to Las Vegas.

Until the move is complete, the franchise will continue to be called the Oakland Raiders, not the Las Vegas Raiders.

“I wouldn’t use the term ‘lame duck,’” Davis said. “We’re still the Oakland Raiders.”

Davis asked Oakland Raiders who might be upset to direct their anger toward him and not to the players and coaches.

“It’s going to be up to me to talk to them and let them know why, how and what has happened,” Davis said, “and hopefully we can work things out.”

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The Raiders will refund deposits made by any season-ticket holder who has a change of heart. After saying the team would happily do that, Davis caught himself.

“Not happy, but we’ll do that,” he said.

A year ago, Davis lost out in a bid to move the team to Los Angeles, where the Rams and Chargers now play.

Other owners were sympathetic to his plight, so much so they reportedly are charging a relocation fee of $325 million, about half of what the Rams and Chargers are paying.

In recent days, Oakland officials made a last-minute effort to keep the Raiders, but NFL owners apparently arrived here with their minds made up.

“I think we did wait a considerable amount of time to see if a plan could be developed to keep the team in Oakland,” said Steelers President Dan Rooney II, a member of the NFL’s finance and stadium committee. “My own personal opinion is the presence of the baseball team on that site was a complication they (government officials) couldn’t find a way to work around. I think the future of the Raiders can be much more solid playing in a first-class stadium, so we’re happy the Raiders are going to have a home for the long term.”

MORE: Raiders QB Derek Carr sends out heartfelt tweet about leaving Oakland

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