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The Effects Of Gambling On Local Economy

            Just over 10 years ago state authorized casino gambling in the .
             United States was confined to Nevada and Atlantic City. Today Legalized .
             Gambling has spread across the country and now you can find it almost .
             anywhere you go from Indian Casinos to great riverboats. The big .
             Question is why Do people find this practice Entertaining, Of course the .
             Flashing lights and Noises are fun, but once you get behind all that the .
             People are giving the Casinos their money for the false hope of some big .
             Jack pot which in some Instances like in the lottery they have a better .
             Chance of getting hit by Lighting then winning. I personally think it is a .
             Senseless Act ran by highly deceitful businesses but since they are .
             Lucrative they continue to thrive by consuming the hard earned resources .
             of losers, which are then greatly taxed by the government that backs this .
             Practice. It won't stop anytime soon. .
             First of all I would like to point out that gambling does help the state .
             by giving it money to use on good Things like on education but it I feel it is .
             Stealing it from the people since the big Casinos make millions of off .
             Miss-representation aimed at people Giving them the false hope that they .
             Will win big money. The actual gambling it self is teaching people that it is .
             Ok to be reckless with money and is one of the worst financial investments .
             I can think of since it is promoting unwise investing since you already know .
             You"re going to lose but put your money in anyway. The Introduction of .
             Casinos can also cause a Ripple effect in the local economy by causing .
             People to flock to the city in great numbers as tourists increasing the profit .
             Of local businesses. Even thought that is good it will also cost the city .
             Money by having to hire more people as Police Officers and the costs of .
             Running the courts and jails in the area that will have to process these .
             Criminals will also go up. Even the increase in this Rise in economy could .


Essays Related to The Effects Of Gambling On Local Economy

1. Effects Of Gambling

Effects Of Gambling The history of gambling in North America suggests important conclusions that are useful today in considering policies related to gambling. ... This increase in gambling is argued to be good for the economy, but there is further proof that it not only hurts the economy but society as well. ... Children as young as eleven are gambling among themselves and picking up lottery tickets at the local convenience stores. ... One main issue, and probably the one most talked about, is the effects of gambling on the economy. ... Local businesses will suffer because they"ll lose custom...

  • Word Count: 1884
  • Approx Pages: 8
  • Grade Level: High School

2. Gambling

Gambling The negative effects of gambling far out weight any positive that may appear. Gambling sucks the money out of the pockets of local business. ... Just think about it, all types of crime rise due to the effects of gambling. ... Overall gambling does nothing but leave open and lose ends in our nation's economy. ... Gambling helps our economy grow while stimulating growth in all areas. ...

  • Word Count: 776
  • Approx Pages: 3
  • Has Bibliography

3. The Addiction of Gambling

Arguments against gambling and its impact on economy, society and related to Mental health must be considered. Gambling has some positive impacts on economy. ... Furthermore, it has been stated that, as a result of gambling there has growth in the economy from overseas revenue and taxation (Hawke, 2000). ... However, gambling has very serious negative impact on economy. ... For some people, however, gambling develops into a serious problem with negative effects on their health (Australian Medical Association, 2013). ...

  • Word Count: 1874
  • Approx Pages: 7
  • Has Bibliography
  • Grade Level: Undergraduate

4. Legalized Gambling

Legalized gambling has had, and will continue to have a negative impact on society. It's negative effects can be seen throughout our city's, state's, and country; and the worst part is that legalized gaming continues to grow. ... Indian gaming for example might help the local economy it resides in, but the negative vibes of gambling possess' certain individuals mentality and can effect the local residents personal wealth, growth, and stability. ... By sanctioning gambling, government authorities have contributed to making gambling publi...

  • Word Count: 347
  • Approx Pages: 1
  • Grade Level: High School

5. Singapore - Tourism and Gambling

However, globalization is a double-edged sword; while it helps to boost a prosperous economy, there are insidious social effects that tag along. ... In order to remain competitive in the world's economy, globalization has caused the government in Singapore to believe that the economic benefits from the establishment of casinos will outweigh the negative social impacts from the encouragement of gambling. Undeniably, the success of Marina Bay Sands and Resort World Sentosa have created many job opportunities and catalyzed our economy. ... This is a win-win situation for both the casinos a...

  • Word Count: 827
  • Approx Pages: 3
  • Has Bibliography
  • Grade Level: Undergraduate

6. Casino Gambling: A Look At Its Effects

They feel that the growth of new casinos is a good thing and that it helps the national economy. ... Casino gambling needs to be limited to its current locations because it has negative effects on economics, increases crime, and increases social problems. First, casino gambling needs to be limited to where they are located because of its negative effects on the economics. Because most casinos contain hotels, restaurants and shopping along with the gambling all under one roof, they have pushed away local businesses from opening in casino towns. ... For instance, the jobs at the casinos are...

  • Word Count: 2594
  • Approx Pages: 10
  • Has Bibliography

7. Gambling

They feel that the growth of new casinos is a good thing and that it helps the national economy. ... Casino gambling needs to be limited to its current locations because it has negative effects on economics, increases crime, and increases social problems. First, casino gambling needs to be limited to where they are located because of its negative effects on the economics. Because most casinos contain hotels, restaurants and shopping along with the gambling all under one roof, they have pushed away local businesses from opening in casino towns. ... For instance, the jobs at the casinos are...

  • Word Count: 1628
  • Approx Pages: 7
  • Grade Level: High School

8. The Gambling Addiction

Pathological gamblers, gambling addicts, or compulsive gamblers are terms used to describe a person who considers gambling more than a diversion. ... While most people gamble for recreation and suffer no ill effects, the number of problem gamblers has flourished as the industry has grown. ... At this stage, gambling starts to affect other aspects of the gambler's life. ... Gambling will cost federal, state, and local governments lost revenue in taxes, income, and bad debts. The purpose of legalizing the gambling industry was to boost the economy; it seems to have had the opposite eff...

  • Word Count: 702
  • Approx Pages: 3
  • Grade Level: High School

9. Building a Casino in Grenada

Many countries drive to legalized casino gambling with the desire to increase their state tax revenue which would be a plus to their economy. There have been many research conducted on well developed countries than Grenada is today on the effects they have faced due to casino legalized gambling. ... Professor Robert Goodman, in his study entitled, "Legalize Gambling as a Strategy for Economic Development", describes the effects of gambling on local businesses. ... For example if residents used to spend their money in local restaurants now spend their money in casinos hence no net eco...

  • Word Count: 1140
  • Approx Pages: 5
  • Has Bibliography
  • Grade Level: Undergraduate

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