I feel the same way about gambling's new dominance of sports.
The only times I ever thought about gambling on sports was way back when I still had a rooting interest in certain teams. I would sometimes ask myself, "How much would you pay to have {team} win?" And then I'd think about trying to get a bet down on {team} to lose. I figured, win either way, or at least, get a consolation prize.
I can't remember whether I never actually got such a bet down, or did it once, and was unhappy with the result (whichever the result was).
Might just be a fad. I feel like maybe a decade ago sports broadcasts were filled with fantasy league content, but that seems to have mostly died down.
Its surprising to me that gambling has not attracted (more?) "vice" taxation. I'd think it would be pretty easy for a state to levy an excise on wagers placed by people in their jurisdictions just like Amazon collects sales taxes on sales to different states. And I think winnings are already taxed at a higher rate than regular income taxes.
I feel the same way about gambling's new dominance of sports.
The only times I ever thought about gambling on sports was way back when I still had a rooting interest in certain teams. I would sometimes ask myself, "How much would you pay to have {team} win?" And then I'd think about trying to get a bet down on {team} to lose. I figured, win either way, or at least, get a consolation prize.
I can't remember whether I never actually got such a bet down, or did it once, and was unhappy with the result (whichever the result was).
Might just be a fad. I feel like maybe a decade ago sports broadcasts were filled with fantasy league content, but that seems to have mostly died down.
Its surprising to me that gambling has not attracted (more?) "vice" taxation. I'd think it would be pretty easy for a state to levy an excise on wagers placed by people in their jurisdictions just like Amazon collects sales taxes on sales to different states. And I think winnings are already taxed at a higher rate than regular income taxes.