Failure of NYC Bookmaking Monopoly Proves the Government Can't Run Anything Properly

Off-Track Betting, New York City's paramutual gambling monopoly, has laid off 1300 workers and is threatening to shut down all 66 of its betting parlors throughout the city. How a gambling monopoly can lose $45 million in 5 years is a case study in why the government can't run anything properly and a horrifying preview of the coming healthcare implosion under Obamacare.


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