Quote:
Originally Posted by LetsGambool
A CA assemblyman has sent a letter to the CA AG asking for Draft Kings to be shutdown in CA.
this is a proven enough business model that casinos and states will get into the business sooner rather than later IMO but with lotto like rakes
we have had the provincial Lotto have parlay gambling for 25 years and the past maybe 10-15 years it's extended to player props, player pools, etc where the payouts are partially determined by how much money wagered and the % of players picked, so kind of a simplistic version of dfs.
And yeah the rake is something like 30-35% for the Lotto, it's obviously lol unplayable at that high of a rake.