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Effects of legal gambling
The legalization of gambling
The legalization of gambling
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According to most lawmakers, the gambling bill, if passed, will help improve the economy of the New York State by creating more jobs to its residents. The majority of lawmakers and other proponents of the bill argue that the bill is likely to encourage the establishment of more casinos, which will increase the government’s revenues through taxes. However, the reality is that the bill will bring more harm than good to the State of New York. The bill is only going to benefit the wealthy class and influential politicians. In addition, the bill is not an effective solution to the high unemployment rates, unaffordable school fees, and property tax issues, which it is intended for. For that reason, the New York governor should veto the bill.
The gambling bill, if passed into law, is going to cause more problems than benefits; firstly, the law is meant to benefit wealthy politicians as opposed to the common citizens of the New York State. The politicians in the region support the bill because it will provide them with short-term fiscal benefits, as it will make the rich wealthier at the expense of the underprivileged people who engage in gambling (Hawkins, 2013). Unfortunately, the profits obtained from gambling businesses come from poor citizens who cannot afford it; as a result, some of them end up using the money they get from the state (Rubin, 2013).
Secondly, gambling has not brought any significant benefits to other states where such a bill has been passed to reduce the tax burden faced by players in the industry. A good example of such places is New Jersey where the gambling law was passed to raise education fees for seniors. Unfortunately, the Atlantic local government still deducts a large portion of teachers’ salaries to cate...
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...luenced by the rich players in the gambling industry and other wealthy individuals in the state; consequently, if it is signed into law, it will be regarded as a bill that is meant to benefit the upper class.
Works Cited
Hawkins, A. J. (2013). Cuomo bets gambling bill will pass before end of the month. Retrieved on November 13, 2013, from http://www.crainsnewyork.com/article/20130609/POLITICS/306099973
Pempus, B. (2013). New York governor signs casino bill, issue goes to November referendum. Retrieved on November 13, 2013, from http://www.cardplayer.com/poker-news/15989- new-york-governor-signs-casino-bill-issue-goes-to-november-referendum
Rubin, K. (2013). New Yorkers should reject casino gambling, vote “no” on Proposition 1. Retrieved on 13 Nov. 2013, from http://www.examiner.com/article/new-yorkers-should-
reject-casino-gambling-vote-no-on-proposition-1
The second threat is many states are legalizing or planning to legalize commercial casino gambling. Unlike Native American casinos commercial casinos turn over a large share of their profit to the cities and states in taxes.
Powell, Nancy. “Slots Coming In, Betting Windows Going Out.” Ocean City Today. 9 Oct. 2009.
Gambling can have adverse effects on the social welfare of many individuals and families. Gambling can increase the number of individuals and families dealing with gambling addiction and exploit individuals and families who are economically disadvantaged. Under such circumstances, not all forms of gambling should be legalized. This is clear evidence that gambling revenue allocated for Texas schools is not worth the negative effects associated with gambling. Education is a valuable source of growth for all citizens in a community, no one in society can truly grow if one part of society is left
The following two paragraphs are a summary of Gloria Jimenez's essay Against the Odds and Against the Common Good. States should neither allow nor encourage state-run lotteries. There are five major arguments that people use to defend lotteries. One is that most lotteries are run honestly, but if gambling is harmful to society it is irrelevant to argue if they are honest or not. The second is that lotteries create jobs, but there are only a small handful of jobs that would be eliminated if lotteries were put out of business. Another argument that would support keeping lotteries is that, other than gambling addicts, people freely choose to buy lottery tickets. This is true, however, there are misleading advertisements that may cause people to buy tickets under false pretenses.
Well, one factor may be that just how much the Australian government depends on gambling, the Australian government revenue from gambling is in the order of around $5 billion or around 10% of total tax revenue. The classic saying “don't bite the hand that feeds you” basically describes this relationship in full.
In January 2011, the bill was referred to the committee, and the hearing was held in May of the same year for the House and Senate to change the wording of the 2008 version of the Massachusetts Law. Various interest groups a...
...state politicians need to wake up and smell the dry aired air, and begin to work together for new laws that apply to the supply and demand of today, not yesterday.
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Should Gambling Be Legalized? Over the past twenty or so years, great wealth and improved economic and social conditions have been promised to the communities that have embraced legalized gambling. However, with twenty years of experience it is time to. look back and analyze whether this is true or not.
Gambling has been around since 2300 B.C. It has its positive and negative effects; it also has somewhat of a positive impact on the economy. It stimulates most communities by creating jobs and generates tax revenue for state and local governments. The gambling industry in “2002 and the commercial casino industry provided 350,000 jobs in the United States” (americangaming.org). Even though gambling can bring a lot of economic growth to the economy there is still an argument going on today whether it is a great choice to legalize it everywhere.
From the time the Europeans first landed on the Atlantic shore, lotteries have been a part of the American society. According to Will Spink, most states are currently operating a state lottery despite its bleak history in the U.S. (Spink 1). Since 1983, North Carolina has introduced lottery bills in the legislature every year (NC Christian 15). North Carolina Governor, Mike Easley, favors a lottery for increasing revenues for education (Analysis 2). However lucrative state lotteries appear on the surface, they create even more moral and financial difficulties for citizens, and this should encourage states to look at other means of resources instead of legalized gambling.
Gambling was part of Las Vegas’ culture before the city’s inception and continued despite regulations banning it. In the 1850’s, prospectors hoping to cash in on the gold rush ravaged the largely unsettled American West. Word of the gold rush had spread all over the continent and beyond, attracting prospectors came from United States, as well as...
Gambling is described as the betting of money or property on the result of an event or game that is mainly random with the desire to win more money or gain additional property. The industry or sector created by the activity of legal gambling is referred to as gaming. Since inception, gambling and gaming has continued to develop to an extent that it worth more than $335 billion across the globe. Most of the revenues obtained in this industry are generated by casinos and lotteries. In the past few years, gambling and gaming have attracted significant concern and controversy, especially with regards to the morality of the practice and whether its financial benefits outweigh the damage. While proponents of gambling
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 government has sought out a few solutions that help those who have developed an addiction and prevent a further increase in the number of people becoming addicted. Personally, my outlook on the problem is that it needs a better solution. I think that a higher funding to gambling addiction clinics, more ordinance and restriction laws, and more prevention and awareness programs should bee brought into consideration in order to lower the amount of people who become addict to gambling.
For centuries, people have indulged in different types of gambling: poker, horse races, bingo, lottery, and slot machines. Gambling has seduced any and almost everyone between the ages of sixteen and ninety years old. Before turning eighteen, the legal age of casino and horse race admittance, those younger make monetary bets on football and high school stunts. Gambling is even more prevalent today than it was yesterday with the added attraction of on-line casinos, offering jackpot equivalent to twenty years salary in exchange for a credit card / debit card number. Gambling was suppressed in the 1920's as a result of Prohibition and because of this will forever lure people into its taboo trap. Gambling as sport is hard to resist because it offers immediate gratification. Not only is there a chance that you may quadruple the amount of money that you lay down, a literal payoff, but there is also a feeling of hope, an alternate limbo between reality and fantasy that can be translated into a sort of mental payoff. The question is: is it all about the money?