Posted on 11/24/2015 1:37:58 PM PST by LibertysWordsmith
New York Attorney General Eric Schneiderman (D) did New York a huge favor earlier this month when he declared fantasy sports leagues a form of illegal gambling and ordered two of their principal organizers, DraftKings and FanDuel, to stop taking bets from state residents. Fantasy leagues are not games of skill, Schneiderman decreed, but rather games of chance, and therefore illegal under state law. And gambling is illegal for good reason: It can lead to addiction and all other sorts of social ills.
What a relief. From now on, New Yorkers will not be tempted by the deceitful lure of an easy buck, unless of course they choose to play New York's state lottery, whose motto is "Hey, You Never Know." Actually, you do know. The chances of winning the Lotto start at 48-to-1 for matching three numbers. The chance of matching all six numbers is more than 45 million to one.
(Excerpt) Read more at reason.com ...
Oh wait. We call that capitalism, and it works everywhere it's tried.
Doesn’t NY also have casinos, horse racing and ticket scalping?
Does new yak monitor the interests?
“interwebs”
Yes but the State and the Unions are not getting their cut
This will all be cleared up as soon as the State of New York gets their cut.
L
Yes. That’s because ...
It’s all about the graft, all about that graft.
Bingo!! And that is the only reason they have issued the decree.
NY State Lottery = Tax on the poor.
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