Make Sports Betting Taboo Again

https://jacobin.com/2024/08/sports-betting-taxation-robinhood-draftkings/
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Make Sports Betting Taboo Again

The rise in sports gambling is a boost for states’ tax revenues, but it’s a disaster for the often low-income young men losing their money. Sports betting has undergone near complete casinoization, with governments propping up an addictive, predatory taxation regime aimed at young vulnerable men and calling it their 'fan experience.' The article suggests that the Left should draw a moral line and demand a more complete definancialization of sports, including curtailing sports gambling.

Note

the argument makes sense, though it feels like arguing social media is bad. possibly compelling but not enough to stop people from doing it.

I did like the one idea to try and decentralize gambling and take it out of corporate hands.

this avoids many of the abuses we see today and allows communities to stigmatize addictions that hurt communities and families.

Published

2024

Summary

The rise in sports gambling is a boost for states’ tax revenues, but it’s a disaster for the often low-income young men losing their money. Sports betting has undergone near complete casinoization, with governments propping up an addictive, predatory taxation regime aimed at young vulnerable men and calling it their 'fan experience.' The article suggests that the Left should draw a moral line and demand a more complete definancialization of sports, including curtailing sports gambling.

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