> It's obviously a tongue in cheek comment
replyBut it captures a truth. States see lotteries as a funding source. Kalshi and Polymarket are combined valued at the GDP of Iceland (or alternatively, 13 Greenlands).
Casinos are run as a productive part of Nevada’s economy. Lotteries, too, on average, at least in some places. Our liquor and now cannabis industries are economic engines. It isn’t ridiculous to expect gambling apps to wind up in a similar place.
Depends. I imagine the opportunity cost of alcohol and cannabis outweigh their benefits from lost productivity. So likely those industries merely give an illusion of positive economics
replyThe economic windows are less broken when people smoke themselves stupid than they are when we send state violence after those people. This goes for most "bad" things. (State) violence is just that destructive to productivity. See also: prohibition.
replyIt's obviously a joke, but joking that a bad thing is actually good because of some surface-level benefit does raise the question of whether it even has that surface-level benefit.
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