As we begin the new year, I am excited for the inauguration of our new President and hopeful that his administration will work to help our economy recover.
However, today I am looking forward to watching the NFL playoffs begin. The NFL playoffs get incredible ratings and they garner an amazing amount of attention from gamblers. Lines have been bouncing around all week and online sports books are taking millions of dollars in bets. And because it's illegal, you do not see a dime of this action.
How many people do you know with money on at least one game this weekend? Can we assume they did not fly out to Vegas to place the bet? It would also be my assumption that they are not betting beyond their means. It's a small percentage that do. Much like today many people will have a few beers during the game and only a small percentage will be as drunk as I will.
So if this is all true, which I contend it is. Why is our government working to eliminate online gambling? And poorly I might add, by pawning off the responsibility on the banks. I can't figure it out. I sit and wait for the "War on Gambling" campaign to begin. I'm pretty sure it will go as well as the War on Drugs.
I can only hope the right choice will be made and we really do have a Happy New Year.
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