Gambling has been a popular source of entertainment for the privileged section of society for the longest time in the past until today. Where earlier it was subjected to the cement-and-mortar built establishments, it today has made a transition to the lucrative online world, which has brought a revolution in the industry. With the passage of time, the casino industry that was limited to males has now become a favorite sport of females too. The thrilling competitive experience clubbed with a golden opportunity to earn massive returns has made the gambling industry flourish in heaps and bounds.
As the economy entered the age of technology, the gambling sector underwent a major transition from the traditional land-based casinos to the online casinos, which opened doors for its widescale adoption. More and more people got attracted to online casinos as it allowed them to enjoy an exciting game of cards or racing at their convenience from anywhere and anytime. It is not just the players that enjoy gambling, but the government too benefits from these establishments via the hefty taxes earned from them. In recent years, gambling gained legal status in different parts of the world, which further strengthened its position. Despite all this, there still exists a community that considers gambling as morally wrong, irrational, and bad for society as a whole.
Just like any other industrial domain, the gambling industry, too, has a positive and a negative side. This article will help you understand both the phases in detail, have a look:
The Positive Outlook of Gambling
Tourism- The growth of the gambling industry gave a boost to the tourism industry in a big way. The places where developments have been made in the gambling field and new operational methods have been adopted, the rate of tourism has seen a massive surge. People who have an affinity towards gambling spend hundreds of dollars to satiate their desires by visiting countries that offer the best of gambling facilities.
Economic Development- Casinos play a major role in strengthening the economy of a country in the form of taxes and tourism incomes. These establishments have shown a slow and steady increase in the short-term and long-term per-capita income growth of the country, which points out towards positive economic development.
Employment Rate- Casinos are huge establishments that require a complete staff for its management and handling of day to day operations. Thus, these establishments help to create an array of job opportunities for the local people irrespective of their education or status. The employees have delegated their duties on the basis of their knowledge and potential.
The Negative Outlook of Gambling
Social Concerns- Where on the one hand, gambling helps the local communities to earn a livelihood for themselves, it also gives birth to certain social evils like debts, poverty, bankruptcy, etc. Very often, people adopt bad habits like alcohol consumption or drug abuse during their regular visits to casinos. Such habits create an unhealthy environment in the family and cause problems like domestic violence, child abuse, etc.
Physical Concerns- The love for gambling spreads like an addiction amongst the players who cross boundaries to satiate their gambling cravings. In several cases, the addiction gets severe and leads to serious health conditions like stress, suicidal thoughts, anger, depression, and many more.
Crimes- It won’t be a surprise if gambling is associated with criminal activities as there have been instances in the past where gamblers committed serious crimes only to gather funds for their gambles. There remains a constant risk of loss in a game of gamble. Where some players digest their defeat, others fail to do so and get frustrated. This anger and frustration often lead to crimes which further causes arrest and severe punishments.
Gambling is a recreational activity that allows people to set their minds free from their everyday hustle. However, to take full advantage of the fun which casinos offer, it is essential that people take gains and losses sportingly and do not fall prey to the world of gambling. One should understand the difference between the real and the gambling world and should not completely immerse themselves into the glittery glitzy world of casinos.