Gambling Should be Legalized.

1571 Words Dec 13th, 2003 7 Pages
Gambling should be legalized

What is gambling? According to gambling is taking a risk in the hope of gaining an advantage or a benefit. Gambling has been around for centuries and has been dated way back to 1492. People have been gambling in America ever since America was found. There are numerous underground cards clubs and casinos all over the country and in major cities. People gamble on everything: sports evens, dice, and cards. Even though people gamble every day in the United States, it is still illegal. People do gamble everyday, so why is it not legal. Gambling should be legalized.

There are tons of ways to gamble. Anybody can pretty much gamble or make a bet on anything. Some major games though are cards.
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Gambling is the only thing that is going for Las Vegas. With out gambling no one would go, and look at how much money Las Vegas is bring in off of the tourists coming from all over the world, all because of gambling.

So when people do gamble where does the money go? Where gambling in legal money gets divided up. "84% returned to the public, 15% for commission, and 1% breakage or surplus" (Freeman 167). This shows that at the racetracks 84% go back to the people who are gambling, 15% goes to the brokers, and 1% is the breakage or surplus. That is how the money works in the racetracks. Each state deals with the money differently though.

"These percentages include the deductions for monies for both Track and State. Each state has laws specifying the division of this percentage between Track and State. Some states use a sliding scale. The higher the volume of business, the higher the percentage paid to the state" (Freeman 166).

As shown here the state taxes are included. Also, commission is used in all racetracks, and this provided jobs for many people.

Another good reason why gambling should be legalized is because people can make a ton of money. If people would be smart about things they could maximizes their profits. These people are called pros. Professional poker players, like Johnny Moss, make all their money from playing cards. Gambling, if done right, can be easy pickings for people.
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