The implosion of the daily fantasy industry

Post by jogjayr » Thu, Aug 25, 2016, 9:19 PM UTC

pm90 wrote: post #37

noobiemcfoob wrote: post #26

Earlier quoted context omitted.

Publicly run gambling is interesting. I mean, a bookie is a bookie, but it seems a safer bet if your bookie is a publicly accountable institution.

Yes, also: profits from the operation are going to the state, which presumably puts them to better use than the local gangster.

I think the idea of state monopolies over "vices" (see also, government-run liquor stores) is to remove the profit incentive from running these businesses while still providing legal options for customers so they don't enrich criminals.

EDIT: to address the sibling comment. if companies that manage the monopolies earn a fixed fee rather than per-unit, the non-profit motive is still attained.

Re: The implosion of the daily fantasy industry

Re: The implosion of the daily fantasy industry