Should Gambling Be Regulated
Gambling is subject to fraud. Legalized gambling, specifically Indian gaming, is the fastest growing.
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- How we regulate the gambling industry. We regulate in a transparent, accountable, proportionate, and consistent way. Using a risk-based approach, we focus our resources on those issues and gambling businesses that potentially present the greatest risk to the licensing objectives. All commercial gambling businesses which hold a licence under the Gambling Act must comply with that legislation.
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- Economic Stimulation : The economy can always use a boost, and legalized gambling could provide that. Offering places to gamble also increases tourism, as indicated by the number of annual visitors to Las Vegas and other gambling havens. Generating billions of dollars and tens of thousands of jobs worldwide, legal gambling is an exciting way to stimulate the troubled global economy.
- Legal Behaviors : When a population is told that they aren’t allowed to gamble, it’s the first thing that they want to do. Studies of human behavior indicate that people always want what they can’t have, and gambling is no different. It stands to reason that increasing the number of people who are allowed to gamble legally will reduce illegal gaming behaviors.
- Family Revenue : Those who are lucky enough to have a successful professional gambler in their household can attest to the realities of a society that embraces gambling as a legal choice. In a time of economic uncertainty, many families are learning to rely on non-traditional means of support; legalized gambling would make it easier for a professional online poker player to support those that he loves the most.
- Entertainment : Finally, a benefit of legalized gambling is to provide a safe, exciting way to relieve stress. The online gambler who knows that his activities are legal will be far more likely to be less stressed than those who have to ponder the murky legal status of their gaming. Furthermore, legalized gambling as a stress reducer could create an environment where players are happier and more productive in their personal and professional lives.
- Financial Concerns : The act of wagering on the outcome of any given game is a risky one, and the gambler may be spending funds that could be better used elsewhere. Ideally, gamblers will only bet what they can afford to lose, but this often isn’t the case. Instead, those who like to wager often try to compensate for a big loss by betting more and losing again.
- Addiction : Winning a large amount of cash on a wager can be intoxicating; like alcohol and other drugs, the feeling of winning can become addictive. Some gambling addicts firmly believe that they wouldn’t have lost their homes, cars, and families if gambling had been illegal. It’s important to remember to balance this information with personal experience; if you know you’re a responsible gamer, you have nothing to worry about.
- Crime Rates : Cities that have legalized gambling tend to also experience an increase in crime rates. Some argue that increased crime is a result of people losing too much money, but others feel that the large amounts of cash associated with gambling lead to an increase in illegal activity. In order to successfully legalize gambling, officials should consider an increased law enforcement presence.
- Small Businesses Suffer : There is some indication that those communities with legal gambling see a loss in the amount of revenue garnered by small businesses. In addition to providing exciting recreation opportunities, casinos and other gambling establishments tend to support restaurants, bars, and other businesses. When casino visitors come to gamble, they stay for dinner; over time, this tendency can decrease the amount of customers that smaller businesses serve.
Should Gambling By Adults Be Regulated
What Do You Think?
Now that you’ve read over several pros and cons of legalized gambling, what do you think? Is global economic growth more important than the needs of small businesses? Is gambling as a method of employment acceptable, given the fact that some people get addicted? The issue of legalized gambling cannot be resolved without conclusive answers to questions like these.The main difference between legal and illegal gambling is that legal gambling is monitored by government inspections agencies. But more people gamble because it is legal, and although the government collects taxes on jackpots, Indian casinos and lotteries, the system is highly subject to fraud.
Gambling online is illegal (federally), but this doesn’t stop people from doing it. And even though the Organized Crime Section of the Department of Justice found that “the rate of illegal gambling in those states which have some legalized form of gambling was three times as high as those states where there was not a legalized form of gambling,” we still believe that gambling is a drain to society. Here are our Top 5 reasons why.
Reasons why gambling should be illegal
1. Gambling is subject to fraud.
Legalized gambling, specifically Indian gaming, is the fastest growing industry in the world, and can have a corrupting influence on state government. The governments are addicted to the revenue received from Indian gaming and lotteries. Recently there have been numerous news reports of corruption and fraud in state lotteries.
2. Availability of gambling facilities increases risk of problem gambling.
Legalized gambling makes this activity available to too many people. Governments and casinos portray this as a harmless form of entertainment. Because of the availability of legalized gambling, it is more addictive and destructive than most other addictions.
Furthermore, most citizens would not gamble illegally. Legalized gambling, therefore, entices people to gamble, who normally would not gamble at all. In states with different numbers of games, participation rates increase steadily and sharply as the number of legal types of gambling increases. In fact, legalized gambling in various states has not been a competitor to, but rather has become a stimulator of illegal gambling.
The public is assured they have the potential to win a huge jackpot. All that is required is to drive to the casino or purchase a lottery ticket. Because of the availability of gambling, many gamblers become addicted and compulsive. Interested in how to quit gambling? Read more here.
Why Gambling Should Not Be Regulated
3. Problem gambling costs society billions annually.
Why Is Gambling Regulated
The social costs of gambling addictions will eventually impact careers, physical and mental health issues, bankruptcy, divorce, crimes, and treatment. The gamblers will eventually rely on welfare or unemployment benefits, impacting the government, and the costs could reach several billions of dollars per year.
4. Gambling exploits the poor.
Evidence shows that legalized gambling often hurts and even destroys, especially those who are poor and disadvantaged. If gambling were illegal, the gambling venues would not be able to promote their lotteries, casinos, or other forms of betting and exploit people who are most vulnerable.
5. Gambling sets a double standard for governments.
State lotteries are argueably an effective way to raise taxes. Legalized gambling is a disturbing governmental policy. Governments should promote desirable qualities in the citizens and not seduce them to gamble in state-sponsored vice. When this occurs, the government contributes to the corruption of society.
Legalized gambling is a bad social policy. At a time when independent organizations estimate that there are at least 12 million compulsive gamblers, it does not make a lot of sense to have the state promoting gambling. State sponsorship of gambling makes it harder, for the compulsive gambler to reform.
Compulsive gambling costs
In addition to the above reasons for making gambling illegals, are the economic costs that gamblers themselves incur. The average compulsive gambler has debts exceeding $80,000. Additionally, compulsive gamblers affect the lives of family, friends, and business associates. Some of the consequences of gambling include marital disharmony, divorce, child abuse, substance abuse, and suicide attempts. Other social costs surface because of family neglect, embezzlement, theft, and involvement in organized crime.
Crossing our fingers or wishing on a star will not guarantee a win. The only guarantee is, if a person is a compulsive gambler and continues to gamble, the end result is prison, insanity, or death. Whether gambling is legal or illegal, there will always be gamblers. Wanna bet?