You're spot on, Doug, but I don't know that it'll ever get any better. There's an incredible preference, in business and politics, to favor short-term over long-term planning. Yes, reducing the takeout would attract more betting money over the long term, but how to persuade the powers that be that the long-term growth is worth the short-term loss with a reduction in takeout?
So frustrating.
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Gentlemen! We're burning daylight! Riders up! -Bill Murray
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