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The Gambling Boom—How Do You View It?The Watchtower—1974 | October 1
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Many states, however, are now stampeding to legalize lotteries, approve new racetracks and set up off-track betting.
By early 1974, eight states were operating lotteries, with at least four others about to open for business.
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The Gambling Boom—How Do You View It?The Watchtower—1974 | October 1
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Not long ago a National Science Foundation report noted: “State lotteries have had very limited impact on illegal gambling . . . The legal game is not sufficiently appealing to players of the illegal game to attract them away from it.”
Informed gamblers know that state lotteries pay back only a small return on every dollar bet compared to the return on the dollar bet illegally.
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The Gambling Boom—How Do You View It?The Watchtower—1974 | October 1
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Also, surprising perhaps to many, by far most illegal gambling is on football, basketball and other sports. And, there is no legal betting on these events. As a result, the legalizing of lotteries and OTB has had the effect of encouraging people to seek out such illegal gambling attractions. This was the finding of a recent New York Police Department study.
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