It's a government thing, so it's a tax, eh?If casinos or racetracks took 50% of the money wagered they would be empty. Def. of lottery "is a tax on the stupid."
What word would you use for the skimming of money from gamblers at racetracks and casinos? Profit?
The difference is the profit from the lottery goes back into things that benefit (mostly, senior) citizens of the state vs. casinos benefiting a few people.