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Bill Schmick | The Retired Investor: Gambling — the vice we love

The pandemic has altered the behavior patterns of many Americans. It has also forced states to reexamine their thinking in several areas, especially in taxation and spending. One of the biggest winners in this process appears to be gambling.
Clearly, with most of the nationâs leisure activities shut down, more and more Americans are looking for something to occupy their time. At the same time, thanks to massive losses in tax revenues, states are scrambling for ways to make ends meet. Sports and other forms of online gambling are an easy answer to shoring up state budgets while satisfying the consumerâs demand for more action in this burgeoning leisure market.

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