I also think that HP is spot on with the role of inequality in this.
There is a growing segment of the US population, especially men, who don't see a viable route to comfort, let alone affluence, in the contemporary economy. This the attraction of the many different threads of "moonshot" culture, be it gambling, crypto, meme stocks, "influencing", etc.
It is profoundly depressing, and is very much compounded in the gambling context by the growing rejection of progressive taxation in many states in favour of increasing reliance on "alternative" sources such as "sin taxes".
HP is also correct about the role of Nevada gaming interests in California.
That said, I do think that California on the whole is less committed to sports gambling than other states because it is less committed to sports, and more committed to other types of moonshots.
dglh is also spot on in noting that there has been virtually no engagement with the coming wave of societal ills linked to problem gambling.
There is a growing segment of the US population, especially men, who don't see a viable route to comfort, let alone affluence, in the contemporary economy. This the attraction of the many different threads of "moonshot" culture, be it gambling, crypto, meme stocks, "influencing", etc.
It is profoundly depressing, and is very much compounded in the gambling context by the growing rejection of progressive taxation in many states in favour of increasing reliance on "alternative" sources such as "sin taxes".
HP is also correct about the role of Nevada gaming interests in California.
That said, I do think that California on the whole is less committed to sports gambling than other states because it is less committed to sports, and more committed to other types of moonshots.
dglh is also spot on in noting that there has been virtually no engagement with the coming wave of societal ills linked to problem gambling.
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