Gambling money essay

Example Essays Gambling is a complex and intriguing human activity. When it appeared long ago, it seen as popular, but it has cycled to the opposite extreme to be rebuked, condemned and repressed as a social evil. More precisely, Video Lottery Terminals VLTs are one important aspect of gambling that affects gamblers and makes them addicts. First, to uncover the VLTs world, we need to go back and explore the history of these machines.

Gambling money essay

Today there are only two states that don't have some form of legalized gambling, such as lotteries or bingo.

Benefits of Legalized Gambling; The Economic To The Social

Since commercial casino gambling was legalized in Nevada inthe public attitude toward gambling has shifted from prohibition to permissiveness. Prah discovered inthat there are "11 states that have commercial casinos, six have riverboats or docked casinos, and 23 states have within their borders casinos that are owned and operated by American Indian tribes.

Legalized commercial gambling is becoming one of the biggest controversies within state governments. Abolitionists believe that legalizing commercial gambling in the state of Ohio will bring an increase in crime levels, moral issues, and an increase of economical hardships within families.

Activists believe that it would bring an increase in the number of jobs in Ohio, an increase in tax revenue, and also increase the amount of tourism. Would the benefits overcome the potential risks of legalizing commercial gambling in Ohio?

Yes, I strongly believe that the outcomes of legalizing commercial gambling within Ohio would overcome the potential risks because of recent marketing studies performed by third party marketing firms. Abolitionist, believe that one problem with legalizing gambling in Ohio is that it will bring new opportunities for organized crime to prey on.

A good indicator of what might happen is looking at the situation Las Vegas found its self in shortly after legalizing gambling in After Nevada legalized gambling the crime syndicates found a new way of producing income, casinos.

The casinos that they ran would have such high odds stacked against the gambler, it was almost impossible to win. Another way the made a profit was to loan money to gamblers who ran out of money, at extremely high interest rates.

If someone failed to pay on time the mob would come and "collect", this usually meant torture, or even murder.

Gambling money essay

Today researchers have found that "organized crime is more of a product of illegal or poorly regulated gambling than well-regulated gambling," according to William R. Also because of previous public scrutiny casino companies have taken into their own hands to be "Dominated by publicly-held companies, many with household names like Hilton and Sheraton, The casinos are also answerable to their shareholders, who are thousands of individuals and institutional investors.

They are also answerable to the Securities Exchange Commission, and indistinguishable from any other business with accountants, attorneys, payroll specialists, auditors, and market researchers. On top of all of those things, they are licensed and tightly regulated by state governments," according to Donald Hunter and Ernest Bleinberger, authors of "Gaming in America.

Research essay topic about GAMBLING? | Yahoo Answers

According to Lamar E. Cooper Sr, "The Bible teaches that we are to live by our own work, not by the exploitation of others.The revenue earned from gambling and lotteries just substitutes the funds for education so the money doesn’t add to the education funds.

“In many cases, they argue, lottery proceeds merely replace – rather than supplement – money that states had already earmarked for education” (Update: Lotteries).

Addictive drugs and gambling rewire neural circuits in similar ways. Skip to main content. Shirley was convicted of stealing a great deal of money from her clients and spent two years in.

This essay is not meant to condone gambling, or to suggest that you cash out your portfolio and become a professional blackjack or poker player. Those are tough ways to make money, and were mentioned primarily for illustrative purposes.

A need to spend more and more money in order to get the gambling rush that a person seeks from the experience. Restlessness, anxiety, or irritability when a person attempts to reduce the amount spent on gambling or to stop gambling altogether.

Effects of gambling. Print Reference this. Disclaimer: This essay has been submitted by a student. This is not an example of the work written by our professional essay writers. You can view they could easily get alcohol problems; while gamblers spend money on their bets, they are drinking alcohol.

For example, if you are not a consumer. Gambling is the activity or practice of playing at a game of chance for money or other stakes.

Activities that are considered gambling are sports and race bets, lotteries, games like blackjack and poker, and casino games like slots and roulette.

What are the Benefits of Gambling? | Research Summary