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JumpCrisscrossyesterday at 8:53 PM1 replyview on HN

> It's obviously a tongue in cheek comment

But 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.


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danny_codestoday at 1:03 AM

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

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