Re:Legalizing Sports Gambling Was a Mistake
by throwaway2037 on Friday September 27, 2024 @05:34AM
(#41668099)
What is "provision"?
Re:Legalizing Sports Gambling Was a Mistake
by qwertox on Friday September 27, 2024 @05:37AM
(#41668113)
My apologies, I meant commission. For the places which offer lottery tickets, usually kiosks.
Re:Legalizing Sports Gambling Was a Mistake
by lobochrome on Friday September 27, 2024 @10:01AM
(#41670601)
Yes. 2.8% is kept by the business. vs 40-60% by a bookie.
Re:Legalizing Sports Gambling Was a Mistake
by Dylan16807 on Saturday September 28, 2024 @03:01AM
(#41678459)
I don't think this really disproves their post? They said the profit that doesn't go to players goes to charity. Probably a smidge of the 10.3% that goes to the business and the lotto becomes profit, but out of the other 89.7% everything after taxes goes to either the players or the charity. Close enough; if they're off it's only by a couple percent.
Re:Legalizing Sports Gambling Was a Mistake
by imtringued on Tuesday October 01, 2024 @05:40AM
(#41706354)
I don't get why you are using the lottery ticket revenue as a baseline when in reality the lottery company mostly acts as a payment processor or intermediary. It'd be like arguing Visa only gives 2% to shareholders and shareholders should be owed all money transacted over the Visa network.
https://de.wikipedia.org/wiki/Lotto#Verwendung_der_Einnahmen
50% for is the gamblers
23% is diverted towards the charity you mention.
16.7% is taxes
7.5% is commission
2.8% is for running the business
In other words, the "Aktion Mensch" gives around 1/4 to those in need.
* Correction, "Aktion Mensch" give close to 1/3 to those in need and less to gamblers (also 30%). But they keep more to themselves.