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It prices neither an upfront license price nor a gambling tax. The beneficiaries of this largesse were gambling concerns, racetrack owners, and politically related events. In certain states, reminiscent of Florida and California, tribal house owners have been blocking new entrants. They usually spend tens of millions of dollars yearly on political contributions, PACs, lobbying efforts, and ballot initiatives to keep up a competitive edge. The vast majority of states awarded these licenses for free, or for nominal quantities, despite proof exhibiting that a license in a highly populated space sells in the secondary marketplace for a whole bunch of hundreds of thousands of dollars. A license to function a brand new casino in the otherwise virgin territory was a highly valuable item, particularly if the territory had many inhabitants.
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