Charles Fain Lehman

But instead of that happening in sort of a dingy hotel or even a glamorous hotel, that's happening on your phone. all day, every day, until they get all of your money.

But instead of that happening in sort of a dingy hotel or even a glamorous hotel, that's happening on your phone. all day, every day, until they get all of your money.

But instead of that happening in sort of a dingy hotel or even a glamorous hotel, that's happening on your phone. all day, every day, until they get all of your money.

Yeah. And, you know, I think that there were a few arguments here. One is tax revenue, and that's a big selling point. Yeah. And the reality is that the tax revenue has been pretty anemic. If you look at the census figures from QTAC, say, look at the 38 legal states in their most recent count. Together, gambling is generating about...

Yeah. And, you know, I think that there were a few arguments here. One is tax revenue, and that's a big selling point. Yeah. And the reality is that the tax revenue has been pretty anemic. If you look at the census figures from QTAC, say, look at the 38 legal states in their most recent count. Together, gambling is generating about...

Yeah. And, you know, I think that there were a few arguments here. One is tax revenue, and that's a big selling point. Yeah. And the reality is that the tax revenue has been pretty anemic. If you look at the census figures from QTAC, say, look at the 38 legal states in their most recent count. Together, gambling is generating about...

half a billion dollars a quarter, which is not nothing, but is a drop in the bucket compared to not just most state revenue needs, but also substantially less than you get from alcohol, tobacco or marijuana, which is legal in fewer states. So it's not even a particularly revenue generating syntax. Another argument is that you would reduce the reach of the offshore gambling sites.

half a billion dollars a quarter, which is not nothing, but is a drop in the bucket compared to not just most state revenue needs, but also substantially less than you get from alcohol, tobacco or marijuana, which is legal in fewer states. So it's not even a particularly revenue generating syntax. Another argument is that you would reduce the reach of the offshore gambling sites.

half a billion dollars a quarter, which is not nothing, but is a drop in the bucket compared to not just most state revenue needs, but also substantially less than you get from alcohol, tobacco or marijuana, which is legal in fewer states. So it's not even a particularly revenue generating syntax. Another argument is that you would reduce the reach of the offshore gambling sites.

That doesn't really appear to be happening. There's a survey, I think, out of Massachusetts where they found that bettors were just as likely to use unauthorized betting sites after legalization. But it makes sense. If you're an active sports bettor, you're betting on multiple sports books. You're trying to get as much action as possible. And so the offshore sites are just complements.

That doesn't really appear to be happening. There's a survey, I think, out of Massachusetts where they found that bettors were just as likely to use unauthorized betting sites after legalization. But it makes sense. If you're an active sports bettor, you're betting on multiple sports books. You're trying to get as much action as possible. And so the offshore sites are just complements.

That doesn't really appear to be happening. There's a survey, I think, out of Massachusetts where they found that bettors were just as likely to use unauthorized betting sites after legalization. But it makes sense. If you're an active sports bettor, you're betting on multiple sports books. You're trying to get as much action as possible. And so the offshore sites are just complements.

They aren't substitutes. And then the third argument is one that I think we should take seriously, which is like the hedonic benefits and the sort of individual liberty benefits. But as I talked about earlier, you know, A, we didn't like live in a terrible dictatorship in 2017. If you and I made a bet together, neither of us was at any risk of going to jail. Right.

They aren't substitutes. And then the third argument is one that I think we should take seriously, which is like the hedonic benefits and the sort of individual liberty benefits. But as I talked about earlier, you know, A, we didn't like live in a terrible dictatorship in 2017. If you and I made a bet together, neither of us was at any risk of going to jail. Right.

They aren't substitutes. And then the third argument is one that I think we should take seriously, which is like the hedonic benefits and the sort of individual liberty benefits. But as I talked about earlier, you know, A, we didn't like live in a terrible dictatorship in 2017. If you and I made a bet together, neither of us was at any risk of going to jail. Right.

That was it was not illegal for us to make up an interpersonal bet. The thing that was illegal was for Big B. businesses and states to get involved in the action. And, you know, I'm just not that upset about restricting the liberty of, like, the state of Georgia or Fluttershy to get involved in your and my bets. So, you know, that argument doesn't hold a lot of water with me either.

That was it was not illegal for us to make up an interpersonal bet. The thing that was illegal was for Big B. businesses and states to get involved in the action. And, you know, I'm just not that upset about restricting the liberty of, like, the state of Georgia or Fluttershy to get involved in your and my bets. So, you know, that argument doesn't hold a lot of water with me either.

That was it was not illegal for us to make up an interpersonal bet. The thing that was illegal was for Big B. businesses and states to get involved in the action. And, you know, I'm just not that upset about restricting the liberty of, like, the state of Georgia or Fluttershy to get involved in your and my bets. So, you know, that argument doesn't hold a lot of water with me either.

Toronto Raptors forward Jonte Porter has been banned from the NBA for life.

Toronto Raptors forward Jonte Porter has been banned from the NBA for life.