The New York Times estimates that about 50 million people incur “net losses that average $1,000 a year” playing the lottery. Don’t play the lottery. Play sensible investment in low-cost index funds, which is just as fun.
Now Betting on China's Collapse: George Soros
A financial meltdown in China is the currently the leading contender for “Next global financial crisis that will definitely screw you somehow, even though you don’t have that much money.” We now know that GEORGE SOROS is betting on China’s demise too.
How to Get Rich If China's Stock Market Doesn't Collapse
Many financial types are very confident that China will have a financial meltdown in the near(?) future. The fear is so widespread that you can make a lot of money if China’s stock market doesn’t go to hell.
Trump Might Get Back in the Casino Business--Great Idea
If this whole “being president” thing doesn’t work out, Donald Trump’s company is ready to get the big man back in the casino business. A capital idea!
Chances Are Good That You Will Win the Biggest Lottery Prize in History
The Powerball jackpot reached $900 million on Saturday, the largest pot in history. It’s your time—this is the one!
Every Lottery Ad Is a Crime
Hee hee, ha ha, the New York state lottery has a new series of television ads coming out that pokes fun at the idle rich. Oh ho! Lottery advertising executives should be locked in jail for fraud.
Idiotic and Insulting Idea Originates, Surprisingly, in New Jersey
America’s student loan crisis is heavy weight that hangs over the heads of millions of people young and old, often preventing them from living the life they once dreamed of. One New Jersey legislator has a patronizing and useless pseudo-solution to this problem.
One plausible estimate finds that America’s lowest-income households may spend more money playing (losing) the lottery than on any other form of tax. The lottery functions as a tax on those who can least afford to pay it.
Good Idea, Jersey (Idiots)
Atlantic City casinos are going bankrupt left and right, largely due to a major oversupply of casinos on the east coast and nationwide. New Jersey’s proposed solution? Build more casinos.
Rich Bastards Love Tobacco Stocks
People who buy stocks in alcohol, tobacco, gambling, or (new!) marijuana companies are said to be investing in “vice”—traditionally a good way to earn premium returns in exchange for being a morally bad human. Who are these successful bastard investors?
Shane Smith Trying Desperately to Rid Himself of All This Money
Fabulously wealthy brand ambassador and Vice Media boss Shane Smith spent $300,000 on dinner in Las Vegas last month.
Despite a serious "oversupply situation" of casinos in the Northeast, and despite the ongoing collapse of casinos in Atlantic City, Philadelphia has just issued a license for a new casino in the city. Well. Philly's full of degenerate gamblers, so maybe they'll "get lucky" ;)
John Oliver Shoots Down Every Reason for Playing the State Lottery
You don't need John Oliver to tell you that state lotteries—or, as your mom calls them, "the stupidity tax"—are a bad deal, but you may not have realized the extent to which they suck.
Maybe We Should Just Let Atlantic City Die Already
ATLANTIC CITY, N.J. — There are about as many ideas about how to save Atlantic City as there are residents of Atlantic City (39,551). I don’t say that hyperbolically. When I was there this past weekend every single person I talked to knew exactly what was wrong with it and how to fix it: it’s either Trump’s fault, or…
Gambling Will Never Save Us
As Boardwalk Empire begins its final season, so does real life Atlantic City, where grand casinos are closing at an unprecedented clip. Our elected leaders' solution to these financial troubles? More gambling. It will never work.
John Oliver Spotted a Crucial Flaw in This Anti-Gambling PSA
When Singapore legalized casinos back in 2005, it also established a National Council on Problem Gambling to produce educational messages about the devastation gambling addiction can cause to lives and families. Leading up to the World Cup, the Council released a heartbreaking PSA to discourage football fans from…
Macau Police Raid Illegal Multi-Million Dollar World Cup Gambling Rings
Police in Macau have raided two illegal gambling rings that have yielded million dollars of bets related to this year's World Cup tournament. Officers arrested 26 in two raids on a hotel in the Chinese city, apprehending bookmakers who had been taking bets online and on the phone from across the world.
A new study finds that 12 of your genes that regulate dopamine also affect your betting behavior. So if your daddy was a loser, you'll be a loser, and your kids will be losers (probably).
The Lottery Is a Predator and You Are Its Math-Illiterate Prey
You were never going to win the lottery. The odds were farcically low. But just in case you were keeping hope alive, we must now inform you: your odds have gotten much, much worse.
The cognitive dissonance of casino mogul Sheldon Adelson arguing that internet gambling is a "danger to society" will not stop the legions of Republican politicians in his pocket from loudly agreeing with him.
