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The lottery is society's attempt to capture money that would otherwise go to illegal bookmaking operations on the theory that the state deserves the money more
by oldmanjay 11y ago
The lottery is society's attempt to capture money that would otherwise go to illegal bookmaking operations on the theory that the state deserves the money more than citizens.
- bcoates 11y agoThe tax is so extreme that it actually inspires illegal bookmaking operations -- doing a pick-3 with a 20-30% cut instead of the 50% the state takes is as good a way as any to raise capital for your criminal enterprise. https://www.lotterypost.com/news/72481 https://www.lotterypost.com/news/72481 Market-rate gambling with a 2-10% cut to the house would be impractical to undercut in this fashion.
- jimhefferon 11y agoIt does keep a lot of people from putting their money in with organized crime.
- fredkbloggs 11y agoIt doesn't. The mafia's games were cheaper. The problem was that playing was compulsory. What keeps people from playing the mafia's games is that the mafia is essentially defunct.