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economic benefits of legalizing gambling

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Doug Walker has served as a consultant for a variety of gaming-related organizations, including government and industry groups. Thus, it becomes impossible to attribute social costs specifically to the person’s gambling problem. This is so-called “industry cannibalization.” The fact is that any new business that competes with existing businesses does the same thing. But in the end, a new casino creates a new option for consumers. On net, though, gambling tax receipts will almost certainly increase with casinos. Each perspective possesses some credibility. The extent to which the gaming industry can operate as a legitimate tool of economic development will depend largely on the resolution of conflicts among competing perspectives. Though many communities view the burgeoning gambling industry as an economic savior, able to fund needed social programs, it exacts a sobering social price. Scores and scores of listings will pop up. You will find casinos across the United States, along with a host of "virtual casinos" that exist solely online. Thirty-eight states operate lotteries, and pari-mutuel betting is legal in 42 states. Thebes, Egypt, archaeologists have found ivory dice dated to the 16th century bc. Ancient records in India and China detail various games of chance. Clearly, gambling played a prominent role in many ancient cultures. December festival of Saturnalia. Loaded dice have been found beneath volcanic ash in the ruins of Pompeii. Gambling was popular in Europe through the medieval period, and was widely engaged in by virtually all classes, from kings to peasants. Wherever there was money, professional gamblers soon arrived. Between 1835 and 1860, when Southern planters started home with large bankrolls following the sale of their cotton crops, cardsharps were always on hand to snag the unwary. The majority of people can gamble and have fun, it is only a minority who will become addicted. If we banned gambling, we might as well ban alcohol, the internet and many other things, for which most people treat as recreational. Making it illegal will only lead to continue this business in a dirty way.I do not believe gambling should be a crime and I do not see how it costs our society anything in the big picture. If it was legalized, it is a legitimate business that offers jobs, taxes and revenue. These are transactions between consenting adults and therefore, should be legal to help benefit society through capitalism.I believe that all people make choices. More and more freedoms are being taken away from us which limits peoples ability to make their own choices. I am tired of a few church ladies trying to tell people how they can enjoy themselves. There is no magic pill to take. There is no treatment that takes away the urge to gamble. Just like alcohol or drug additions, there will always be the urge to return to the addiction. Gambling destroys families. We are talking the oppression of the poor here. Those least likely to have any money are the ones gambling it away. We could historically consider it filthy lucre which is cursed. Have you ever seen a lottery winner happy five years later with their family still intact. Granted people who try this are most likely fragile, as well as their relations, in the first place and subject to a quick trick. People really need to take a statistics class and you will see that the greater good of yourself and society is being overlooked. Put the money into developing your talents or in giving someone less fortunate a way to realize and fulfill theirs. They look barely human, with their fingers knarled around video betting machines joy sticks, at these gas stations I see. Going into a restaurant you see the darkness and the haze, the abject depression and hopeful anxiety. I see them living in their cars, doing tricks to support more than one compulsive habit, driving away without paying because they have no money to pay for gas to get home. I see their families being stolen from and lives ruined. Each state should conduct a thorough and exhaustive evaluation that weighs all the benefits and drawbacks associated with legalizing gambling further. No two states are the same and thus no two economic atmospheres are identical. Even a referendum on the issue would be better than trying to apply a singular model on different cities. My personal opinion is against the further legalization of gambling. Legalizing gambling further in the United States would be a huge gamble the government would be taking. The social costs heavily outweigh the monetary benefits and I think it’s even clearer after viewing professor Grinols study. Street because 1> You know if you win or lose and your new financial standing the same day; whereas the exotic securities of Wall Street take your money every payday and only let you know you've lost everything every 7 years or so when the economy tanks. Common man can gamble his own money in a fun fee-free manner rather than pay wall street man to gamble or steal it for him. 3> Question is really moot since E-trade is legal everywhere and legalized gambling is already everywhere. Legalized casinos are just competition for legalized Wall Street. 5> People get addicted to anything. As long as gambling is regulated by the government, but maintained and owned by private entities throughout the world, it will not be a stable or viable industry. Numerous government officials who want to place ethical standards on society no longer tend to look down upon gambling as unethical. In fact, in some parts of the US, gambling has been completely embraced as a legitimate strategy to boost the economy. US economy can always use any help it can get, especially small communities that are suffering economically. The legalization of gambling can provide the help it needs. An estimated 400,000 jobs are provided by the casino industry, and $4 billion in tax revenue from casinos. They concluded that as gambling has grown as America’s favorite pastime, the gambling industry has become an economic mainstay for many local communities and has increasingly played a substantial role in regional and state economies.

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