Off Base Betting

By Daniel Akst

otb2.jpgHere is one of those stories guaranteed to convert a few more readers to libertarianism. New York's seedy Off Track Betting parlors, part of a state-operated system intended to raise money for public purposes while taking business from illegal book-making operations, actually lose money. So here we have the government spending taxpayer dough to enable and encourage people to do something that is almost certainly harmful. Not to worry, no doubt the state funds treatment programs for problem gamblers as well.

Photo Credit: www.flickr.com/photos/swanksalot/2959600237

This article available online at:

http://www.theatlantic.com/business/archive/2009/09/off-base-betting/24405/