3 ms·
The 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
by bcoates 11y ago
The 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.