Hyperprofitable

Wall Street ignored gold and silver during most of the 1970s hyperprofitable bull market.

“There are two misconceptions regarding gambling businesses,” the Christiansen study, commissioned by the BGOA, said. “The first is that they are hyperprofitable compared to other businesses and can shoulder any tax imposed on them. The second is that demand for gambling is price inelastic. Neither is supported by evidence or the academic research.