Frank actually put it quite well.

Reader comment on: Barney Frank on Internet Gambling

Submitted by Lyle (United States), Jul 29, 2010 14:29

Gambling can be shown to be a lose situation for the gambler, after all the house must get its vig. So the net return is less than breakeven, so that gamblers overall lose money. So a scheme ensuring that you lose money if you play is a foolish thing to do. Now if the gambling industry instead marketed itself as a pastime that you pay to play the situation would be different but the industry would shrink greatly.

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