Taking a Look at Gambling

669 WordsJan 31, 20183 Pages
Gambling has been in existence for centuries, and it is gaining popularity today more than ever. With this trend, it is difficult to avoid questioning of any possible effects associated with gambling. There are many social and economic effects associated with the widespread practice. In this paper, we address these effects of gambling and its contribution to one’s poverty status in America. We also examine the large industry of gambling and the dynamics of the business structures and revenues. According to statistics, about 6% of adults involved in gambling eventually become severely addicted. In some cases, gamblers have the tendency of betting anything and everything they have through the ever-growing gambling avenues in the U.S. Gambler’s varies use of avenues such as the state lotto’s, horse-racing, online and sport betting, all contribute to higher levels of gambling (Ciment 2009). Controlling gambling practices can be undeniably complicated, as the poor are constantly wooed with false hopes into locally available gambling avenues. Gambling has been in existence for centuries, and it is gaining popularity today more than ever. Despite the unrealistic odds of winning, people are enticed by the potential quick winnings offered by casino play and state lottery games. In this paper, we address the social and economic effects of gambling and their contribution to one’s poverty status in America. On one hand, games like bingo, casino blackjack, and poker allow for
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