Legal Gambling: An $80 billion, job-
The gambling industry takes in about $80 billion each year in net gambling revenues (the total amount bet minus winnings paid to gamblers).
What patrons of gambling establishments might not realize is that winnings by the
gambling industry amount to taxes imposed on individual gamblers residing in the
U.S. This annual fleecing of $80 billion from the American public substantially reduces
the effectiveness of the U.S. economy, by being handed over by our elected politicians
to the favored few. One gaming organization was granted a license last October to
operate the only casino in New York City, worth an estimated $20 billion or more,
in exchange for an up-
Gambling was originally prohibited by law based on principles of religion and/or morality. Today, it limited by governments to prevent competition with the favored few who own and operate the licensed gambling establishments, increasing the establishments’ and the governments’ profits through the prohibition of competition.