I hate the lottery. Let’s start there.

The average American household spends $665 per year playing state-run lottery games. In fact, Americans spent $105.26 billion on lottery tickets last year alone, making the lottery the most popular form of gambling in the United States.

In today’s episode, I talk about why I despise state-run lotteries, why states should stop running them altogether, and why governments should spend more time regulating—and taxing—private gambling enterprises instead of operating their own.

Plus, I take aim at the broader reality of legalized gambling in America and explain why the National Council on Problem Gambling continues to deserve the criticism it receives. My reasonings are simple: When you are in bed, directly ...