Gambling is perhaps the most egregious example of a naked wealth transfer from the poor to the rich
Second only to landlording
I love that all of this started when a couple of techbros started illegal fantasy football betting apps, made a shitload of money by further impoverishing the impoverished, then used their ill gotten gains to buy off legislators. Now i am sure they are billionaires, instead of what they deserve which is execution
Uber basically proved you could operate any app outside the law with impunity. Shit rules.
Yeah - the article says “for the dozen states, including Texas and California, where sports gambling is still illegal, the solution is simple: change nothing,” but because of these apps, it’s trivially easy for Californians to gamble on sports.
Is wage labor not naked enough?
Lmao, I just started listening to this and they immediately compare it to legalizing heroin and giving control of the heroin industry to tobacco companies, with the implication that that would obviously be incredibly bad.
Turns out half the people in this thread think that that’s a great idea actually.
Oh my God then they started talking about self-identified socialists now having a libertarian streak and thinking restrictions on people’s actions by a Nanny State are bad.
citations needed don’t miss
It’s a lot less than half, judging by the upvotes. Still, didn’t expect this to be controversial at all.
Yeah, that was a bit of an exaggeration, I think I was just shocked a bit by how much pushback “giant particularly evil capitalist enterprise bad” got
And the ads are fucking everywhere. Entire train stations with every square inch of advertising space plastered with Jamie Foxx or whatever washed up scumbag piece of shit actor they could find.
Yes
Also, lotteries are horrid and seeing them used to fund basic state functions makes me gag.
I heard somewhere, I wanna say
that the idea that lotteries fund schools isn’t even true.Like, if property tax generated X dollars for local schools, and then a lottery was introduced that produced Y dollars, instead of schools now getting X+Y dollars, they still get X and you either give Y amount of dollars from the budget to something we don’t want to say the lottery is funding, like police budgets or something, since the dollars are all fungible, or you reduce property taxes by Y dollars.
Meaning that generally, what it actually does, rather than providing a new revenue stream for your kid’s school, is move the tax burden from the rich to the poor.
Yes exactly. Anyone who supports this kind of thing needs to listen to this one.
Of all the bad shit Temer (who came to power after Dilma’s coup) did in Brazil, legalizing sports betting without any kind of regulation is probably the worst.
Any economic gain Brazil had after COVID have been funneled out to those sites. Can only hope Lula do something about it soon.
I forget the exact stats on it, but gambling addiction is especially destructive to people’s lives even compared with other major addictions. Also, on a petty treat-fiend note, it has made sports so much fucking shittier.
the betting industry is ruining lives…
there’s a good (extremely bleak) trueanon on this ep 209 , also they recommended a book that sounds great addiction by design haven’t read but on my list a while
I found a YouTube link in your comment. Here are links to the same video on alternative frontends that protect your privacy:
I also saw this. I wonder how much the legal gambling also just opened up pandoras box. I think that a lot of people, especially whales, end up on offshore sites anyways because of better odds and less overall rake. And of course there are also underground sportsbooks still for the biggest players, like Shohei Ohtani’s former interpreter who got caught gambling millions of stolen money this spring.
And also, even in CA there are “fantasy games” (tickpick, underdog, even jake paul is affiliated with one of them) and there are “social gambling” sites that use the “sweepstakes” loophole, such as fliff sportsbook and chumba casino. These ones, you pay money for a “fun currency” and you also get “sweeps cash” that is basically a premium currency on their site that can be gambled for real cash. But even the off shore sites are pretty heavily advertised on social media, such as stake and bovada.
Regardless of the actual mechanisms of gambling that are available in your state, the prevalence of the advertising is nauseating. Draftkings/mgm/fanduel ads are all over sports stadiums. Beyond that though, some channels, especially ESPN, show tons of actual odds during their broadcast alongside an ad for their own platform, espnbet. The massive influx of gambling money is tainting sports overall.
Im glad my favorite sports franchise has yet to take any gambling ads, but still when they have a game on ESPN i have to put up with the odds bullshit, in addition to everything else that is total garbage about that channel.
Also, players themselves are being harassed on the field and online by people blaming them for a bet that didnt hit. Some players even received cash app requests to pay back a bet that they ruined.
I dont think it will be banned in mosr states, but congress should have the power to at least curb the advertising specifically, because that should fall under interstate commerce.
I live in CA, a state that still hosts a lottery, another form of expooitative gambling that should be banned or severely restricted. No need to have slot machines on paper at every gas station and convenience store.
congress should have the power to at least curb the advertising specifically
All advertisement needs to be banned
I’m glad I dont know a single thing about sports so I can’t be tricked into blowing all my cash on the Buccs
I think the question to ask about this is why it’s such a unique problem to america. Much like guns.
Here in the UK 15% of men do online gambling and 4% of women. Ok so the top line of data says that 40% of people do gambling but this is only because of scratchcards at petrol stations. When you remove these it drops to 15 and 4.
Why is this situation so significantly worse in america? What is unique about american society and culture that causes 33% of americans to be betting on sports, let alone other stuff?
Nor exclusive of the US, Brazil is loosing billions of dollars each year to that.
Supreme court struck down a law banning sports gambling in 2018 on the logic that “illegal gambling is already happening, might as well make it legal and cut out the criminals!”. The now-legal betting companies started pushing a non-stop torrent of pro-gambling ads immediately.
Australia is also pretty bad, see below:
So is the problem marketing?
I don’t know what differences lie in the marketing that is allowed here vs US.
I think the apps originated in silicon valley, so they had tons of money behind them that was willing to make a marketing push. Ads for them were already present as early as 2015 IIRC, even when they were still technically illegal, but nobody got arrested that I know of.
Spanish here, absolutely not a unique problem to the US of A. Betting joints popped up EVERYWHERE some 5-10 years ago
40%+ of people gambling on scratchoffs or the lottery is also quite bad tbh
I don’t know about the societal effects but you might want to consider if it’s just normalized, not actually better
I really don’t think spending a quid once a week on a scratchcard is much of an issue though.
yeah I mean, if that’s all it is, obviously its a relatively trivial issue. But when you extrapolate that to almost half of the population you are still exploiting people for a huge amount of profit (see elsewhere in the thread about the misleading ways it’s sold as being for funding services or charities when often they receive no additional funds), acting as a regressive tax, and some percentage (at least like 3%) of those people are going to develop a serious gambling problem, and having gambling be widely available and normalized makes it much much harder for those people to stop.
But I believe its more heavily regulated in the UK so it may not be nearly as bad as the new wild west situation in the US.
Its also a major issue elsewhere. Australia for example has a pretty horrific gambling problem and the government rolled back promises to ban gambling advertising.
I wonder if it’s a case of them not really having culturally/socially adjusted to it like everyone else has. .
That and there’s also a lot more sports going on that are insanely popular/that people are engaged with. Here it’s mostly just football and horses. There its NFL, NBA, NHL, MLB, NCAA and to a lesser extent: MLS, WNBA and NASCAR.
Maybe partially? It’s been legal here since the 60s.
Our brains our broken. I don’t know how else to put it. They turn us into husks. Myself included.
The UK is going to get a lot worse with all the betting advertising in football. Pretty much every second Premier League team has a betting sponsor at the moment. The marketing campaign has intensified and I can see those statistics doubling within the next few years.
“Capitalism with American Characteristics” is a disease that is poisoning every part of society. I believe it breeds desperation and a “fuck it” attitude and drives people to reckless behavior, aggression, and distrust of others.
I’m not immune. I kind of hate most people, especially here. Society sucks, most people suck.
Capitalism with American Characteristics
I think this is an interesting thing to discuss. Honestly we could do this for a lot of countries but for America especially. It’s probably useful to normalise talking this way about socialism too.
making gambling illegal is harm reduction.
Sports people are more concerning to me than gamers.
Oh no is it time for this struggle session again
It’s also ruining sports, the advertising is everywhere and extremely tacky, while contributing to the financial ruin of the poorest in society. If I see another HollywoodBets advert I will
Specifically, for every $1 spent on betting, households put $2 less into investment accounts. States see big increases in the risk of overdrafting a bank account or maxing out a credit card. These effects are strongest among already precarious households.
Fake society with fake finance. This is terrible.
Looking specifically at online sports gambling, they find that legalization increases the risk that a household goes bankrupt by 25 to 30 percent, and increases debt delinquency. These problems seem to concentrate among young men living in low-income counties—further evidence that those most hurt by sports gambling are the least well-off.
Yeah definitely. I see it all the time with soccer/football.
Matsuzawa and Arnesen extend this, finding that in states where sports betting is legal, the effect is even bigger. They estimate that legal sports betting leads to a roughly 9 percent increase in intimate-partner violence.
…
Legalization isn’t yielding many benefits, either. Tax revenue—one of the major justifications for legalization—has been anemic, with all 38 legal states combined making only about $500 million from it a quarter, less than alcohol, tobacco, or marijuana
Of course, these gambling operations are great at avoiding taxes, setting up their operation to be off shore on official paperwork, in office buildings that don’t exist.
Also,
