this post was submitted on 11 Apr 2024
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Gambling shouldn't be privatised. Idk why we allow people to profit from addiction. Their incentive is just to make it worse.
Personally I'd say we should take the approach we did to smoking. Ban its advertising, severely restrict where it can be done (in this case, ban pokies outside of casinos), and tax the shit out of it.
Taxing the shit out of it results in poorer outcomes for gamblers. The average minimum return rate is already defined legally, for pokies it's something like they must return ~90% per hour. Adding more tax on top would result in a lower return rate
Or just have all gambling be run by the government so the profits go to social services to support people who bankrupt themselves from gambling.
If only clubsnsw wasn't in bed with the government