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December 20, 2004
It is a scam!
Yahoo! Sports - NFL - Gambling revenue proposed in financing for new Colts stadium
Doesn't it seem like this gambling stuff is becoming a big Ponzi scheme? It really spread like a Pyrmid scheme. It started with Nevada, and New Jersey, then it spread to State Sponsored Lotteries, then it spread to Indian Reservations, Then to Indian casinos just outside of town, then to card rooms in your neighborhood. Now it is trying to spread into Video poker machines in ever gas station and supermarket...
Each layer has the state skimming some off the top, and paying the rest back to the gamers. As the States become more and more dependant on that revenue to build their schools and stadiums, eventually the gamblers will run out of money, and the whole scheme will collapse.
If you fund your society by making people lose money, eventually you will become a society of losers.
"Responsible Gambling" is as oxymoronic. It is like "Responsible Bull-riding" or "Responsible Base-jumping" If you engage in high risk activities, you will get hurt. It is not a matter of if, it is a matter of when. Yes, you can be very lucky, but it is not likely.. Especially if they are building Schools and Sports stadiums with your losings..
Posted by jreighley at December 20, 2004 09:02 PM
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