Re:The Economist: Attempts to ban online gaming are doomed t...
by gte910h on Thursday July 08, 2010 @05:33PM
(#1498858)
European lotteries actually tend to have much higher percentages of money paid, but much lower payouts. They're "less of a bad deal" from an odds perspective than American lotteries.
Re:The Economist: Attempts to ban online gaming are doomed t...
by adamilardi on Friday July 09, 2010 @10:37AM
(#1500727)
I think it goes back to our protestant religious roots. The church does not like gambling(for obvious reasons).
Of course, some people are compulsive gamblers and experience problems as a result. On the other hand my local 7-11 (24 hour convenience store) attracts gambling addicts too, one guy shows up there once a month and hangs out all night playing a quick lottery and smoking two packs of cigarettes. For a while I thought prohibition policy existed because the state wants a monopoly on lottery revenue, but state lotteries seem to be just as profitable in Europe as they are here despite the much lower payouts. The rates of gambling addiction don't seem much different.
I have virtually no interest in the pursuit other than buying a lottery ticket on a whim maybe once a year, but it's similar enough to video gaming that I can see how people get hooked on it - probably something akin to a dopamine deficiency. Prohibition seems pointless and wasteful; better to deal with reality and divert a percentage of the revenue to mitigation services.