Pros And Cons Of Online Gambling

Gambling is becoming increasingly popular in today’s society. Major casinos and online gambling sites attract

Up to 90% of adults in Australia have gambled at some point in their life.more statistics The promises made, were lies, and the same errors relapsed over and over again.We will be waiting when you can tell yourself there’s so much more to life than just gambling.We will be waiting for you gamblers to take a step back and think about the love ones whom you are destroying, but when will this happen? and will it not re- occur?. We now so well the difficulties in limiting money and/or time spent on gambling, which leads to adverse consequences for the gambler, their family or friends and for the community. The latest research suggests that about one per cent of the population has a gambling problem. These ranges from increasing levels of debt,

“Current estimates suggest that three percent of the adult population will experience a serious problem with gambling that will result in significant debt, family disruption, job losses, criminal activity or suicide. Pathological gambling affects the gamblers, their families, their employers and the community. As the gamblers go through the phases of their addiction, they spend less

Although the development of human civilization is accelerating, the gambling is one of the of the oldest entertainment industries all over the world which does not change dating back to the ancient times. Taking the United States gambling history as an example, “In America, colonial legislatures authorized 157 lotteries from the 1740s through 1776 to assist governments and other institutions. The first legal casinos of the modern era opened in Nevada in 1931. The country’s first lottery, in New Hampshire, began in 1964.” (Schwartz 43) Whatever the gambling is legal or illegal, it exists in the society for such a long history. The gambling is an outstanding and magic entertainment approach to have a leisure time or reduce the pressure from the duty work and a fast profit model for the investors from the beginning to nowadays. The trend would be sustained or even developed faster and bigger in the future.

Economic The Australian gambling market is remarkable in the world’s gambling industry. It has already been mature and showed a very strong growing momentum with 2.9% annually over the last five years, and it was predicted that the growth rate would be constant in a medium-term period. (Sudarsanam, 2011)There are four categories of gambling activities. Gaming is the largest type with the annual turnover over $10.2b, and other three types are Casino, wagering and lotteries, and the annual turnover was $3.2b, $2.6b and $2.1b respectively. (Sudarsanam, 2011)

Gambling has made immense impacts on the everyday lives of a countless amount of people. Somehow this western pastime has integrated and almost taken control of the Asian and American Asian communities. The gambling issue within the Asian culture has affected families, and individuals in such drastic ways. Within the last few years we have seen an immense outburst of gambling in Macau, which is now the gambling capital of the world. Along with the recent outburst of gambling in Macau we find the dark side of gambling. The illegal activities that follow gambling have taken a toll on society as well as the people involved. Also we quickly see the economic impact made by all the money flowing through Macau. Gambling

There are many different forms of gambling. Whether one is betting on a lottery ticket, a horse race, a sports game, or slot machines, to name a few, they are spending money with unfavourable odds of winning that money back. Many people cannot control when they walk away from gambling, as they will continue to bet in an attempt to win back the lost money. The issue is - for the most part - that the losses continue to increase. In Victoria, in the fiscal year of 2000-01, gamblers lost a total of $14.38 billion, including $2.36 billion on the leading cause of losses, poker machines (11). This can result in problem gambling. Based on different surveys in Canada, it is estimated that approximately 1 in 20 Canadians either have a gambling problem, or are at serious risk of obtaining one. 1 in 20 Canadians adds up to 760,800 problem gamblers (12). In the US, an estimated 3 million people are problem gamblers, and another 15 million are at risk of developing gambling problems (13). Problem gambling would not be as severe of an issue if it only harmed the gambler themselves, as it is their choice to gamble and displays a only a lack of self control. The issue is that people are indirectly affected by problem gambling. It can result in problems with personal relationships, neglect of ones family, bankruptcy, and stress related disorders such as depression, or insomnia (14). Problem gambling also has a positive correlation with crime. This means that the more problem gamblers there are, the more crimes are being committed. Statistics from a published survey show that only 3.3% of responsible, low frequency gamblers have been convicted of committing a crime, while a staggering 28.3% of problem gamblers have been convicted at least once (15). These numbers show that problem gamblers do not only harm themselves, but the consequences have a continuous ripple effect,

Gambling is all around the United States, and it can be a dangerous game for families. Many casino’s find gambling as a profit for their Company, since many people from around the United States will come to their casino and try to win it big with their own money. Gambling has been around for many years and a statement made by Worldcasinodirectory.com, stated “To begin with, gambling did not originate in the US- it came to this country with immigrants from Europe, Asia- especially China, and other parts of the world.” The United States was just another victim of an ongoing addiction. By, understanding how gambling reached the borders of The United States, how a notorious gang leader started the empire of gambling, and how an addiction pushes people to their limits, can help understand how gambling has become such a demanding element in a society.

Gambling is an entertainment that we all know about, and it is also well known by the “easy-addicted characteristic”. You must have seen or at least heard about some stories that is about gambling. No matter it’s a story about people become rich, or a family be ruined. “The National Council on

In the 2013 National Survey on Problem Gambling Services (NCPG), the total number of states reported funded problem gambling services increased from 37 in 2010 to 39 in 2013. $60.6 million was the total amount of public funding for problem services in the US. There were an estimated 5.77 compulsive gamblers in the US in need of a treatment program in 2012. 10,387 of them were treated in a state-funded problem gambling treatment programs. There were 34 states with active NCPG Chapters during the time the survey was conducted. Across all state, substance use disorder is estimated 3.6 times more common than gambling addiction. Based on the research from GamblingRecovery.Org (2016), around 80% of adults have participated in any activity concerning gambling. 2 or 3% out of these 80% have experienced a gambling problem. State agencies and NCPG Affiliates commonly supported services were helplines (87%; 56%), problem gambling awareness programs (85%; 91%) and problem gambling treatment (82%; 26%). According also to the result of the survey, there is a great disparity level between states in terms of problem gambling service investment and problem gambling treatment infrastructure. It is because of the lack of a clear relationship between the number of persons calling gambling helplines and receiving funded gambling treatments and programs.

Throughout all periods of human history, there has always been a quintessential form of risk-taking to “win big” or go home with nothing. This gambling spirit is still very apparent in many changing forms. America and other countries went from the gambling ideal of betting with luck, to betting with skill in horse races and fantasy sports. From the 18th Century to 1956, gambling in Great Britain has evolved from a growing epidemic in a multitude of forms to primarily a bond-based gambling system. In a similar vein, gambling changed in America from friendly cock-fight bets to a more universal stock market form of gambling. Recently, gambling has reverted back to person-to-person interactions. The growth of fantasy sports and the debate about

     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

Children are at greater risk then ever to become addicted to gambling when they are adults. Kids under 18 are exposed to over 2 hours of gambling advertising per week. On average, there is one teenage with a gambling problem in every classroom. One in five adults with gambling problems started gambling before they were 18. Now after hearing these statistics it is extremely obvious that something has to change sooner rather then later. Children do not deserve to live with mental health problems in the future, caused by gambling addictions. Constant advertising forces kids to normalise gambling and associate gambling as a vital part of sport.

The introduction of online gambling has increased the potential for addiction in society. Corporations are creating vast amounts of advertisements, encouraging more individuals to join their respective online gambling domains. Online gambling is considered to be the most addictive, compared to other games, due to “its structural characteristics, such as immediacy, accessibility, ease of betting…” (Chóliz 1). As new members join these domains and acknowledge the simplistic format and the possible rewards, more individuals find online gambling to be a source

Most of us have heard of fantasy football. Online fantasy has risen in popularity over the past couple of years, due to advances in technology. With this rise in popularity, it has raised eyebrows at the state and federal government levels. There are many grey areas when it comes to gambling online, that many people still don’t understand. Many questions are being asked, such as legal transactions with credit cards, is online gambling causing a problem with a rise in gambling addiction? Over the course of this report, I will go over the good and the bad of making online gambling legal and regulated.