Question inspired by the news that Dave and Busters is supposed to be adding gambling to their games. And of course there are the sports betting apps.
I get that all things being equal we should let people do what they want to do. But I don’t see much of a benefit, and a lot of downside to allowing the spread of gambling.
The old “legalize, regulate and tax” routine tends to work better than just letting the problem fester in the background. Regulated gaming with proper oversight ensures that games are fair and not overtly predatory, and that the operators are inspected for compliance and pay their taxes.
I think this is a good argument. That said, seems like adding gambling to skeeball or pervasive sports betting apps are good candidates for prohibition by regulation.
I’m concerned about regulatory capture - the industry infiltrates and ends up controlling regulatory bodies because there’s so much money to be made.
The answer to regulatory capture isn’t prohibition though, because prohibition essentially means unregulated.
Prohibition is effectively the same as a tax on gambling from the point of view of gamblers, but the tax is just the additional effort people have to spend to not get caught or fines when they do. The difference is there’s no tax revenue for the governing authority to redistribute, fines go almost exclusively to pay for enforcement.
Main thing is it brings in money to the government, similar to taxes on other harmful products like tobacco and alcohol.
Adults should be allowed to do what they want.
Which would be an argument for legalizing anything you can think of
Yup
