{"id":15642,"date":"2018-05-15T08:33:16","date_gmt":"2018-05-15T13:33:16","guid":{"rendered":"http:\/\/huewhite.com\/umb\/?p=15642"},"modified":"2018-05-15T08:36:10","modified_gmt":"2018-05-15T13:36:10","slug":"so-what-does-this-produce","status":"publish","type":"post","link":"https:\/\/huewhite.com\/umb\/2018\/05\/15\/so-what-does-this-produce\/","title":{"rendered":"So What Does This Produce?"},"content":{"rendered":"

In the hubbub of the SCOTUS<\/strong><\/em> ruling that the individual states may legalize gambling, I’ve not run across a certain bit of information: what’s the real worth of gambling. Not this:<\/p>\n

\n

While it\u2019s probably impossible to accurately estimate, experts suggest that illegal betting in the United States is a $50 billion to $150 billion business \u2014 perhaps significantly more.<\/p>\n

According to research by UNLV\u2019s Center for Gaming Research, legal sports betting in Nevada totaled nearly $5 billion last year, led by football \u2014 both college and professional \u2014 which accounted for $1.76 billion.<\/p>\n

A 2017 report from Eilers & Krejcik Gaming estimated that legal sports gambling could be a $6 billion industry \u2014 perhaps as much $16 billion if more states eventually get onboard. [WaPo<\/strong><\/a>]<\/em><\/p>\n<\/blockquote>\n

\"\"<\/a>

The oxygen produced by my little fern garden may be more valuable than the entire gambling industry.<\/em><\/p><\/div>\n

Because that’s merely the churn<\/em> of the industry, isn’t it? I mean, outside of the minor expense of paying the employees, paying taxes, and skimming profits, we’re not producing anything, are we<\/em>? It’s not as if we’re buying paper towels, or food, or a handyman’s service – all transitions that have something of value.<\/p>\n

So I’m uncomfortable with this terminology that obscures the question of whether this is really an industry like others – or just a lot of financial masturbation. Even entertainment has its value in the stories it produces and how that enhances the lives of those who can learn from those stories.<\/p>\n

But gamblers? Some are vaguely entertained, obviously, but others are addicts.<\/p>\n

Where’s the value?<\/p>\n","protected":false},"excerpt":{"rendered":"

In the hubbub of the SCOTUS ruling that the individual states may legalize gambling, I’ve not run across a certain bit of information: what’s the real worth of gambling. Not this: While it\u2019s probably impossible to accurately estimate, experts suggest that illegal betting in the United States is a $50 \u2026 Continue reading → <\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15642","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/15642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/comments?post=15642"}],"version-history":[{"count":4,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/15642\/revisions"}],"predecessor-version":[{"id":15647,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/15642\/revisions\/15647"}],"wp:attachment":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/media?parent=15642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/categories?post=15642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/tags?post=15642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}