Casino gambling

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Casino gambling

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Casino gambling

Nevertheless the profits of legalizing gambling would be an enormous financial growth.

Gambling also provides a higher rate of tax than other modes of diversions. Thus the
governments usually try to fix a certain number of casinos for a particular state (Piscitelli,
Harrison, Doherty & Carmichael, B. A. 2017). This ideology enables the casino entrepreneurs to
achieve an oligopoly kind of profit within limits. In a way it also enables the state governments
to impose high rates of tax.

One of the chief reasons for opposition of legalizing casino gambling is the fear of increasing
crimes. Huge amounts of cash transactions bring forth the risk of cash laundering. Another
reason for opposing the legalization of casino gambling is the presence of gamblers and
gambling addicts. Moreover the precise number of casino sponsors in a state is usually unknown.
These people cause an unbalance in the share of revenue. Consequently gambling then turns out
to be an insupportable act favoring necessary gains for the state.

Piscitelli, A., Harrison, J., Doherty, S., & Carmichael, B. A. (2017). Older Adults’ Casino
Gambling Behavior and Their Attitudes Toward New Casino Development. The International
Journal of Aging and Human Development, 84(4), 415-430.

REFERENCES

Several states have authorized casino gambling because it serves as a mechanism for financial
growth by favoring easy redistribution of wealth in the society. It has several prominent
benefits such as it facilitates an expansion in business as well as it increases the income
of the state government. Some people who would profit the most due to the legalization
of casino gambling would be the stakeholders, businessmen, and casino owners. Even the
economy of the host cities would increase as a result of the increased income owing to
the growth of the gambling business. However the government has to provide the
assurance that it would safeguard its people from any kind of fraud (Piscitelli et al.,
2017). A strict regulation by the government would ensure that legalized gambling is
being carried out in a fair manner.