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I don't buy that argument. If that were true, then the lottery and every casino would be out of business right now too.


Casinos won't go bankrupt because they are a monopoly protected by the state ( although the state(s) does not have allegiance any one them and is increasingly in the process of granting many more licenses to shore up deficits, Casinos still have a very, very high barrier to entry ). See my comment downthread. And yes, they are equally predatory. And lotteries, well, yeah ... owned by the state, not going anywhere because there is zero competition.


Plenty of countries where gambling isn't state control have very healthy gambling industries.




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