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> Even prior to the bill being passed into law, DraftKings and FanDuel issued a warning to the government, essentially promising to rig the spreads even further
by snide 2y ago
> Even prior to the bill being passed into law, DraftKings and FanDuel issued a warning to the government, essentially promising to rig the spreads even further for Illinois residents, hiking their vigs and offering less appealing odds.
This is the real scary bit in this article and the crazy spiral. Yes, we can legalize gambling. Yes we can tax it (and keep increasing the taxes). But if we both make it very legal, and tax it a lot, the businesses who run the gambling will need to adjust their odds to make a profit, making the end situation a very easy way to gamble in "safe" ways that unfortunately are much less likely to return money to the gambler.
This is a complicated issue beyond just saying "gambling should be legal". As soon as taxing is involved, there's a scary tornado of nobody winning in these situations and it feeling like a wink-wink grift.