Legalized Gambling
The term gambling has had many different meanings depending on the cultural and historical context in which it is used. Currently, in Western societies, it has an economic definition, referring to “wagering money or something of material value on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods”. Typically the outcome of the wager is evident within a short period of time. The term gaming in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; i.e.: a gaming company offers legal gambling activities to the public. In our highly technical society where machine-tooled perfection is an ideal, the gambler has acquired a bad press. He is frequently viewed as an erratic, unstable, and irresponsible sort, driven by unknown forces to take foolish and unnecessary chances. The results of this risk-taking may be financially and psychologically dangerous to the gambler, as well as to those whose lives interact with his but gambling is a fundamental human activity, which can sere a valuable function for both the individual and society. In the future, the positive aspects of gambling may be increasingly recognized; society may revise its view of the gambler and learn to use the gambling experience as effective Therapy. Through gambling, many individuals can become more actively involved in life. Others can obtain needed psychological release from tension and drudgery. The share of profits which stays locally is one of the most, if not the most important item on the list of positive impacts of a casino on a local economy. Profit as a share of growth revenues varies substantially across jurisdictions.
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Gambling news…
David Steel wrote an interesting post today onHere’ s a quick excerptSports betting isn’ t something that’ s new or is a phase that may run its course. People have been betting on sports for hundreds of years. With the popularity of the Internet,…
Trackback by Gambling news — October 18, 2008 @ 5:13 pm
David Steel wrote an interesting post today onHere’ s a quick excerptSports betting isn’ t something that’ s new or is a phase that may run its course. People have been betting on sports for hundreds of years. With the popularity of the Internet, online betting is becoming a better way for many to bet.
Comment by Gambling news — October 21, 2008 @ 3:13 am