Originally Posted by
StackinGreen
Horse racing shows you that when governments get involved, it's never enough. The takeout is anywhere from 15-20% on straight bets (WPS) and around 25% for exotics. Think about how criminally insane and out of wack that is. And they don't realize that it kills their handle.
I don't trust that States would be ok with giving a good product. They want high take, even higher than existing --- AND THEN tax you at income when you win, but most states or the fed makes it hard or doesn't allow you to write off losses!
That makes me think underground will remain ...