-- Connecting the dots between our economy, government and business --
Illinois has rapidly become a top legal sports betting market, eclipsing this mark in five years. The state has now seen seven months above $1.4 billion in handle, and monthly tax revenue regularly exceeds $15 million.
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Everybody needs a side hustle these days, and mine is Ukraine, where I am now.
Summary and audio linked here.
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Audio and summary
I wonder how much of the money being gambled is being diverted from other discretionary spending? What other industries are suffering due to the increase in gambling?
I think it’s safe to assume that most all of it is being diverted away from other discretionary spending — and no small part on food for the kids, etc.
It’s shameful that Illinois encourages regressive activities to generate tax revenue to feed its mismanagement machine. Instead, it should concentrate on reducing bloat.
And still not enough money for the tax sucking machine driving this state into the ground