Should Casinos Be Legalized?

Legalized casino gambling is still a very important topic that continues to cause controversy throughout the states. According to statista.com, the United States casino market had revenues of approximately 65 billion dollars in 2015. This revenue stemmed from the 1,511 casinos open throughout the United States (statista.com). The sheer amount of revenue the casino industry produces each year makes it a

There are two sides on the debate whether or not casinos are good for the economy or not. Many say that it is a waste of money and will never set foot in one. On the other hand, large Casinos can create much needed tourism for either cities or native reservations. Las Vegas is a prime example; Whole streets are lined with them. The city life revolves around them. They are more common on native reservations because of the loop-holes natives are able to pull because their land is categorized differently than regular city land and the same rules do not apply.

There are many reasons to link financial problems and crime to the large revenues of gambling. Financial losses are one of the extreme threats and costs to the gambler. This is because

People tend to spend their money mostly on the slot machines and multiple poker games taking place in the Casinos around the United States. These revenues go towards the workers of the Casinos and state taxes which benefits the other attractions surrounding the casino. The gambling industry has grown massively in little time, it has grown to make around 40 billion dollars a year. Generating this money contributes largely to make a better city or state for visitors or residents to enjoy. These casinos are usually looked down upon but they offer new horizons for men and women in the United States. The online gambling push is also coming to a close consideration with legality and within the next ten years should be completely legal (Bonesteel 1). Online gambling provides a different dimension of many businesses and also sports clubs. Most of the money from online sports gambling goes towards these sports clubs allowing them to expand their club and the league as one. As gambling begins to grow considerably larger in the United States, it is used as entertainment and recreation. As a whole, gambling allows any given city to grow economically and as whole, it brings in plenty amounts of revenue which also contributes to state taxes.

However, the quality of work that would be supplied would be very low. It would most likely be jobs at the casino. Such as a bartender or just some people to make sure everyone is having a good time playing electric bingo. What many people fail to notice is the kind of people that the casino would be bring in. This is not to be racist or anything, it is to bring up this issue of the kinds of lifestyles that people have who can to casinos. Many people who go to casinos enjoy drinking and smoking. Shabbona does not have a local liquor store or smoke store, just what the two gas stations and bars provide. As a result, the casino may bring in a company to the town of Shabbona that sells liquor. That in turn exposes more people in the local area to easier and possibly cheaper liquor. I think the ripple effect is obvious. This is not to say that there are not responsible people who go to casinos, there definitely are! From an arguers’ standpoint, it is easy to see the possible negative effects that the casino would bring to the

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

Tourism plays a very important role in the economy. It contributes greatly to the income. One way of attracting tourists is through gambling. Almost every year, gambling continuous

John Edgar of the United Methodist Church and Franklin County Commissioner John O'Grady, said casinos breed crime, divert money from established businesses and prey on vulnerable people. They said claims of new jobs shouldn't be trusted unless casino proponents also reveal how many jobs would be lost as gamblers have less money to spend outside casinos.

Gambling can be very beneficial for the state, as it generates large amounts of revenue. It is a popular source of entertainment for the majority of the adult population, but at the same time, is a dangerous one. Gambling can take over peoples lives, deeply harming themselves and those they are close to. This essay will discuss what state policy should be on gambling by weighing the benefits and costs it has on both the state and the general population. First, this essay will explore why gambling should continue to be a legal source of entertainment. Next, it will examine why gambling must be regulated more than it currently is. Finally, it will analyze potential policies and regulations that the state should implement in an attempt to decrease

As the casino industry brings in the community with income and tourism, there are more and more countries legalizing and liberalizing this industry. However, the expansion of the casino industry depends on the ability to grant credit to guest. In Nevada, the casino credit accounts for more than fifty percent of the revenue generated by games in the states larger casinos. (Auguilera, Rubinstein, and Reid, 2000) Steve Wynn Resort did not start to conduct the Wynn

Las Vegas casinos are vast luxurious multi-billion dollar architectural structures with inviting gambling tables covered with tight bright felts and shiny new cards ready to hit 21 in one single hand, the unforgettable “ding” “ding” “ding” of the slot machine feels like adrenaline at the possibly of becoming a millionaire. Outside of the casino the city that never sleeps is full of life and neon lights that sparkle from all around. The Strip is a glorious chaos with hundreds of people walking in all directions. Explosions of the beautiful synchronized dancing water fountains at the Bellagio and the amazing fireballs of the erupting volcano at the Mirage intensify Las Vegas experience. However for residents, Las Vegas is far from a multi billion-dollar experience. The recession domino effect blasted the house market and left millions unemployed.

The odds are in the favor of the house over the long run, particularly when it comes to games of chance. Games like keno, roulette, and craps earn casinos millions of dollars each year. A drink may be sold at a price lower than it cost to produce, but the casino still profits from its sale. The alcohol does not cost the casinos much and it leads to gamblers staying longer and making poor decisions. Games of skill (i.e. Poker) are subject to far less house advantage, but alcohol typically neutralizes any skill a gambler may have. Casino’s are well aware of this and employ price discrimination as well; they tend to serve alcohol to naïve tourists rather than experienced locals. Casinos frequently price discriminate in the first degree as they charge a different price for every unit consumed. This practice actually leads to the marginal revenue of alcohol increasing at some points. At a certain point the marginal revenue of alcohol diminishes as people either become rowdy or too intoxicated to gamble, but usually the casino has already

Also the fact of all the surrounding areas economies and businesses have been hurt because of the casino’s because now tourists only travel to the specific region skipping other possible tourist attractions.

In the early 1930s, gambling was legalized throughout the state of Nevada and casinos began to flourish (Dunstan, 1997). The economic growth in Nevada, especially the city of Las Vegas, has improved tremendously by the creation of casinos. Many people were employed since the operation of casinos requires a huge amount of labor, skill, and expertise. In addition, local retail sales also increased from casinos when gamblers visit the stores to spend their winnings on various items and products (Garrett, 2003). As a result, many state governments began to legalize casinos in order to boost their economies and increase employment. As of today, there are roughly 1500 casinos in the United States and they generate almost 65 billion dollars in revenue (“Facts on U.S Casinos” 2013). However, casinos use immoral methods to achieve this incredible feat of big profit with few government interventions. While the city of Las Vegas becomes more prosperous than before, many citizens lose their fortunes or even lives by the immoral business practices implemented by the casinos. Even though the

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