Essay on Harmful Effects of Legalized Gambling

The ugly truth behind the money machine that is college sports is that, every year, college athletes are deceived by the institutions the compete for into making them millions of dollars, with relatively little in return. Athletes are said to be given a chance to attend college and to attain a free college degree. However, research has shown that this is not completely true for two reasons. For one, the student athlete will spend most of their time in preparation for competition. Secondly, what education the student athlete does receive hardly serves them outside of maintaining eligibility just so

Colleges bring an incredible amount of money by their sport teams alones. According to John Brill, a sports journalist writer, “College football and basketball generate more than the National Basketball Association, a total of more than $6 billion yearly.” The money made from these sporting events are not being used correctly which is frustrating many college athletes. The money that is being

One of the biggest reasons opponents of sports gambling are opposed to wagering on sporting events is because of the potential for sports gambling to result in fixed sporting events and ultimately undermining the integrity of professional and amateur sports in the U.S. As Thompson (2008) explains, sports gambling remains illegal and heavily regulated by the government “because of the potential for events to be fixed, or illegally influenced (using bribes or other forms of compensation)” (p. 2). It is not that difficult to see how this might happen, since numerous sports gambling scandals have occurred in the past. The 1919 World Series was fixed by Chicago White Sox players. Pete Rose was banned from baseball and denied admittance to the Baseball Hall of Fame because of his admission to gambling on sporting events while he

Gambling in professional sports is an ethical dilemma that needs to be examined from all angles before making a decision on whether to bet or not. Gambling has been a part our society for thousands of years, dating back to the original Olympic Games in Greece. Depending on where you live, there will be different laws regarding the rules of gambling. The story of Pete Rose shows a good example of what can happen to a sports manager that bets on his own team and others in his sport. In this case, there will be a situation where someone is faced with an ethical dilemma and they must go over all options before making a decision. Before betting on a sports team, one must look at all alternatives to betting and the consequences that come with each one. After this, a choice must be made regarding the ethical dilemma. This decision must be looked at from the legal side of things, as well as your own gut feelings towards your choice. You also must ask yourself how you would feel about it if you told the world what your decision is. The code of ethics of sports managers can also play a role in the decision making process. An ethical theory called utilitarianism will also be a way of looking at how and why the decision was made. By covering all these topics, it will assist in making the decision for an ethical dilemma.

While playing a sport in college, athletes have other various costs as well. A survey taken in 1989 of college football players resulted in 31% of players that gambled illegally, but 48% of people knew a player that gambled. Players are giving out team information to gamblers, so they can bet more accurately on the game to win money (Porto). Athletes do not have any extra time for a job, so it is difficult for them to make money. The players are taking a risk to gamble, which is illegal by the NCAA. Furthermore, the student-athletes will do whatever it takes to make some money to help pay for other costs in college.

While playing a sport in college, athletes have other multiple costs as well. A survey taken in 1989 of college football players resulted in 31% of players that gambled illegally, but 48% of people knew a player that gambled. Players are giving out team information to gamblers, so they can bet more accurately on the game to win money (Porto). Athletes do not have any extra time for a job, so it is difficult for them to make money. A study shows that this has lead some athletes to gambling, which is illegal by the NCAA. This shows that the student-athletes will do whatever it takes to make some money to help pay for other costs.

Students could think that since they are being paid at the moment, they do not need to pursue a degree, which sets players up for failure in their future. This would decrease the graduation rates of the universities the athletes attend, and would reflect poorly on the schools. The schools would then fight for endorsement deals to be revoked to sustain the integrity of their programs.

“It is not uncommon for college athletes to try to exploit their athletic for financial gain through gambling.”

College sports provide a huge source of the universities' income. The school takes in money from ticket sales, television contracts, and sport-related merchandise, just to name a few. The athletes, however, receive their scholarship and little more. While the prospect of receiving a free college education is something few would complain about, when the issue is more closely examined it becomes evident that it is not enough. The trend for athletes is to leave school early for the professional leagues because of the money. There have been more reports of violations surrounding university boosters and alumni paying players. Furthermore, athletes have been accused of making deals with gamblers and

The harm principle states that the actions of individuals should only be limited to prevent harm to other individuals. The harm principle applies to Sarah Jones due to her negligence of her (3) minor children. Sarah had been a gambler for over three years, and that time she’s a slightly stressful situation into a major problem addiction. She began betting on bingo but soon that wasn’t a satisfying high any longer. So, Sarah started going to the casino’s. Gambling is an addiction for some, and for her, it was just that. For her to lose $85,000, and have to take out a second mortgage on her house; or to never be at home during the afternoon or evenings that's a serious problem. The fact that she is gone so often that her children aren't getting

Robert Kiyosaki once said, “Successful people take big risks knowing they might fall hard but they might succeed more than they ever dreamed.” This man is a billionaire that hit the jackpot, while gambling. He now owns eleven different businesses and he is worth over eighty million dollars. If someone could learn how to astute, they could live like him too. The articles, The Legalized Gambling Debate, Sports Betting Should be Legal, and Should Sports Gambling be Legal?, all attribute thought to this suggestion. Gambling is a feasible business as it provides revenue, sponsors education, and inspires gamblers.

     Gambling addiction is an issue found in numerous areas where gambling is legal. People who are addicted to gambling, also know as problem gamblers, face many health risks including depression, suicidal thoughts, loss of sleep, loss of appetite, migraine and anxiety in addition to marriage breakdown, problems at work and bankruptcy (9). About 2 percent of adults are thought to be problem gamblers (1). In today’s society this costly addiction is not often considered to be a common problem among those who gamble. Only a small amount of states in the U.S. give enough attention toward this rising problem of people that are sometimes even willing to commit crimes just to aid their addiction. In the past our

But what media outlets have failed to acknowledge is that not all people are problem gamblers. Its as if a study on alcoholism has been completed yet neglecting the effect of fine wines.

Utilitarianism suggests that the act that results in the greatest amount of happiness for the greatest number of individuals is the option that we should choose. Whether gambling should be deemed as an ethical or unethical act depends entirely on the consequences and benefits gambling has on casinos, gamblers, and non-gamblers. If gambling results in the overall increase of a casino’s profit and the overall increase of a gambler’s profit and mental health, then the act of gambling would be considered ethical. However, if the act has more negative implications than positive, then the act of gambling would be unethical. For example, it would be unethical if the transaction between casinos and gamblers was rigged solely for the casino 's financial benefit while exploiting those who gamble there. The significant concern of this paper is not to point a finger at casinos and other gambling mediums as a means to blame them for the mental conditions of those who we’d consider as gambling addicts. Instead, the point of this paper is to acknowledge the effects of gambling and propose the importance of responsibility. I will present an unbiased view of gambling, paying close attention to the psychological effects and motives individuals have regarding gambling at casinos. Also, I will look at the positive results associated with having a successful casino business, so that allowing gambling is ethical from a utilitarian point of

Then there are the race tracks. They are now legal in over four fifths of all the states in America. The owners of the track take 18 to 21 percent of money wagered. The bettor has a likelihood of winning only a 0.41 to 0.44 probability of winning. That is about one half of one percent! But, it is a well-known fact that when a man wins at gambling, he is very likely to stay in for another game—and then lose his winnings! It is no wonder that it is called “gambling fever.” It is almost an insanity which grips a person.