"Gambler Phil Ivey Can’t Get His Millions Because Casinos Are Too Big To Fail"

When you gamble at a casino you're not just trying to beat the house--difficult enough--you're also trying to beat the government. Lots of luck.

Governments acquiesce in this unfairness because it also profits them. The industry paid more than $300 million in taxes to Atlantic City and the state of New Jersey in 2015. Since gambling was legalized there in 1978, they have paid $12 billion in total. That gives Trenton a lot of reasons to keep things operating in the casinos’ favor.


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