I don't think you got my point. I want to focus here exclusively on the economic effects. You just mentioned jobs, this is a very bad argument, because if someone digs random & useless holes in the ground while I pay this person 10 USD is this job really good? Why not giving the 10 USD directy to this person?
If you are talking about how gambling is helping the economy, the only thing you can talk about is job creation, there are many people that will be employed, there are programmers that are also needed and many more. About how it is affecting the life of people negatively, I do not know how it is related to economy. 
Topic: Economic Costs of Gambling - page 16. (Read 4124 times)
Hi,
2. Gambling addiction leads to economic costs because of crime actions. Other market actors have to increase their security standards, which means higher costs.
In every society gambling addicts contributes massively to economic and societal crimes this pushes gamblers into diverse criminal activities so has to afford their gambling activities. A whole lot of gambling addicts has lost a whole lot of fortune trying to meet up their game and when the can no longer afford this the begin to engage in criminal activities so as to meet up. This is really eating up our societal norms 2. Gambling addiction leads to economic costs because of crime actions. Other market actors have to increase their security standards, which means higher costs.
If someone addicted to gambling, he could become depressed and curious why he can not win the games. Yes, gambling addiction can leads someone lives will ruin and it could make his life cost higher as he wants to play gambling and fills his needs. Gambling addicts can go to jail if they commit a crime such as a robbery, steal others money, and else. But gambling addicts can also make someone losing his life because of suicide.
But if someone can manage his money to play gambling, I think he can prevent from becoming addicted and allocate his money to others. I think that will depend on how those people will react to gambling, and if he can control himself not to become addicted, he does not have to worry about other things because he will make sure that playing gambling will not disturb his life.
But if someone can manage his money to play gambling, I think he can prevent from becoming addicted and allocate his money to others. I think that will depend on how those people will react to gambling, and if he can control himself not to become addicted, he does not have to worry about other things because he will make sure that playing gambling will not disturb his life.
1. Gambling in fact has many negative externalities. If someone gets addicted, the likelihood is much higher to be depressed. Depression is factor, which leads to high costs for the society.
2. Gambling addiction leads to economic costs because of crime actions. Other market actors have to increase their security standards, which means higher costs.
3. Many gambling addicts go as a consequence to jail. Jail means EXTREMELY high costs to society.
What are your thoughts on this topic?
Uhm 1, even if we do consider that addiction leads to depression, the ratio between it and other causes of depression seem large enough to completely neglect on how gambling is even a reason for depression.2. Gambling addiction leads to economic costs because of crime actions. Other market actors have to increase their security standards, which means higher costs.
3. Many gambling addicts go as a consequence to jail. Jail means EXTREMELY high costs to society.
What are your thoughts on this topic?
Both 2 and 3 follow the same idea with one imo. The size between the people affected due to gambling compared to the general size affected due to other reasons is big enough imo that fixing the gambling side wouldn't have any effects even if fixed. The post of Just_alice should be more than enough to back up my argument.
Sure, paint gamblers in a way so that addictive and compulsive gamblers would stop, but it shouldn't be a method to stop the entire industry itself. It's operating in a way that actually helps with the economy after all, speaking from the tax gained from it itself. As far as I'm concerned, there are a LOT bigger problems to be solved before gambling, corrupted government, broken families, financial issues due to corruption, etc. Plus the blame is wrongly placed here ngl, blaming Gambling is not gonna do anything, it's a bloody activity for entertainment after all.
What are your thoughts on this topic?
This is not only applied in gambling but in other addictions as well like drugs, liquor etc. Any addictions has a bad effect not only for ourselves but also for the people around us, on the society and the economy. The worse scenarios that can happen if we became addicted in gambling (or in other addiction) are family problem, having debt, committing crimes or having a mental health that can lead to suicide. It has many bad effects but this also depend on how the gambler control himself when playing. Because every gamblers are different in dealing worse situation such as losing their money. 1. Gambling in fact has many negative externalities. If someone gets addicted, the likelihood is much higher to be depressed. Depression is factor, which leads to high costs for the society.
2. Gambling addiction leads to economic costs because of crime actions. Other market actors have to increase their security standards, which means higher costs.
3. Many gambling addicts go as a consequence to jail. Jail means EXTREMELY high costs to society.
What are your thoughts on this topic?
2. Gambling addiction leads to economic costs because of crime actions. Other market actors have to increase their security standards, which means higher costs.
3. Many gambling addicts go as a consequence to jail. Jail means EXTREMELY high costs to society.
What are your thoughts on this topic?
Not all people are like this, there are still many who gambles for entertainment. And for me, the criteria above only apply for people who get addicted in gambling because they are in desperate need of money that they see gambling as a way to make money to surpass their struggle. In the first place, registered gambling casinos help the country's economy and I think they get a lot of tax from these businesses. Casinos or any type of gambling business are not responsible and should not be blamed if addiction in that country increases.
Casinos attract tourists just like Vegas that's surrounded by businesses like hotels, spa, and stores of any kind that provides jobs to people.
That's economic growth but it comes with a price we know that. I sure government departments can handle such.
If you are just going to look at the gambling industry as a cause of a problem that wouldn't be fair for the people in the industry. In fact, some foundations and government projects are funded by casinos.
That's economic growth but it comes with a price we know that. I sure government departments can handle such.
If you are just going to look at the gambling industry as a cause of a problem that wouldn't be fair for the people in the industry. In fact, some foundations and government projects are funded by casinos.
Everything will have a negative effect if excessive, as well as gambling, can cause addiction that will cause problems. But we must also be fair
in our view of gambling, because on the other hand the gambling industry has created jobs and it helps economic growth. And the large
circulation of money in the gambling industry, makes the government get quite a large tax revenue from the gambling industry.
Which can be used to fund several government projects. Therefore, do not continue to judge the gambling industry is a bad thing.
We must be wise in making decisions regarding the gambling industry.
Casinos attract tourists just like Vegas that's surrounded by businesses like hotels, spa, and stores of any kind that provides jobs to people.
That's economic growth but it comes with a price we know that. I sure government departments can handle such.
If you are just going to look at the gambling industry as a cause of a problem that wouldn't be fair for the people in the industry. In fact, some foundations and government projects are funded by casinos.
That's economic growth but it comes with a price we know that. I sure government departments can handle such.
If you are just going to look at the gambling industry as a cause of a problem that wouldn't be fair for the people in the industry. In fact, some foundations and government projects are funded by casinos.
I think that this is a very skewed way of looking at it.
These negative externalities only apply to problem gambling. Normal gambling is welfare maximising in that it gives those who consume the product utility in the form of enjoyment/entertainment, with the price paid being the house edge.
Definitely a flawed argument imo. There is no need to slander and generalise the gambling industry as a whole when the vast majority of players are simply in it for fun.
These negative externalities only apply to problem gambling. Normal gambling is welfare maximising in that it gives those who consume the product utility in the form of enjoyment/entertainment, with the price paid being the house edge.
Definitely a flawed argument imo. There is no need to slander and generalise the gambling industry as a whole when the vast majority of players are simply in it for fun.
Too much of everything is very harmful and more so on gambling, there are a lot of problems that have an economic cost but the government is allowing it, like smoking, liquor, and even gaming and even things that people think are harmless, they sometimes cost a lot to the society to bear, if the guy is wrecked he will be wrecked in everything he does, in gambling, in gaming in drinking liquor or smoking, we cannot stop people from indulging and blame the government.
Hi,
in this thread I would like to address a very important topic: Economic Costs of gambling.
From economic theory we know the concept of externalities:
1. Gambling in fact has many negative externalities. If someone gets addicted, the likelihood is much higher to be depressed. Depression is factor, which leads to high costs for the society.
2. Gambling addiction leads to economic costs because of crime actions. Other market actors have to increase their security standards, which means higher costs.
3. Many gambling addicts go as a consequence to jail. Jail means EXTREMELY high costs to society.
What are your thoughts on this topic?
You are not wrong, this is an effect that gambling may have in a low percentage of people, however we need to wonder what is the alternative? To make it illegal? In that case you add even more negative factors, now the games are most likely not fair, people now have to gamble in an establishment that is manged by members of organized crime, no one wins and the few that do have to give back their profits in fear something happens to them, on the other hand if gambling is legal then nothing of the things I mentioned before happens and we get a lot of positive effects, like employment for many people, taxes paid to the government and a reliable way for most people that like to gamble to get their fun in a safe place. in this thread I would like to address a very important topic: Economic Costs of gambling.
From economic theory we know the concept of externalities:
Quote
In economics, an externality is a cost or benefit that is imposed on a third party who did not agree to incur that cost or benefit. For the purpose of these statements, overall cost and benefit to society is defined as the sum of the imputed monetary value of benefits and costs to all parties involved.
Source: https://en.wikipedia.org/wiki/Externality1. Gambling in fact has many negative externalities. If someone gets addicted, the likelihood is much higher to be depressed. Depression is factor, which leads to high costs for the society.
2. Gambling addiction leads to economic costs because of crime actions. Other market actors have to increase their security standards, which means higher costs.
3. Many gambling addicts go as a consequence to jail. Jail means EXTREMELY high costs to society.
What are your thoughts on this topic?
1. Gambling in fact has many negative externalities. If someone gets addicted, the likelihood is much higher to be depressed. Depression is factor, which leads to high costs for the society.
2. Gambling addiction leads to economic costs because of crime actions. Other market actors have to increase their security standards, which means higher costs.
3. Many gambling addicts go as a consequence to jail. Jail means EXTREMELY high costs to society.
What are your thoughts on this topic?
This sounds a bit like gambling is the root of evil for everything. I disagree with it. While gambling addiction is a problem for society so are other addictions, like alcohol or drugs. So I think that an addiction is not really linked directly to gambling and rather to the nature of a person. For example, if we are addicted to gaming as a child our chances are much higher to become addicted to cigarettes or alcohol later in life. Also the percentage of gambling addicts in jail compared to other criminal offenses should very low. So in terms of where to spend money in trying to reduce the costs on society of criminals in jails, I don't think it's a priority to go for gambling addicts.
I think it's not right to generalized gambling addicts or simply someone is playing gambling is involved in criminal activities. Laws may vary from country to country while all I know if they play gambling on an unregistered casino that's one of illegal or they go to the underground gambling places which is illegal.
There are certain places for people who are addicted to gambling but of course, most casinos nowadays have their own people like that to access someone who is suffering from addiction.
There are certain places for people who are addicted to gambling but of course, most casinos nowadays have their own people like that to access someone who is suffering from addiction.
What are your thoughts on this topic?
Gambling addiction is really a call for concern and has cost a whole lot of havoc to societal and economic growth. Lately the rate of gambling addicts is highly on the increase leading to insecurity of lives by this addictors causing negative externalities In my own opinion I would suggest more agencies be set up to help curb this addiction by helping most gambling addicts recover from their addiction before it cost their lives
I would like to know what really causes gambling addiction because everywhere in the world of Gambling people will advice
on how to address Gambling problems and they have gone an extra mile to offer some one to talk to about this problem....so where is the real problem.
Why is it that the negatives were only stated? Gambling is a big contributor a country's economy, think about Las Vegas, Macau and other countries that have been opened and known to be the gambling capitals.
Very true for those running a gambling business am without a doubt that this is a profitable business and to some players they have found a profitable way of playing their favorite games. 
Why is it that the negatives were only stated? Gambling is a big contributor a country's economy, think about Las Vegas, Macau and other countries that have been opened and known to be the gambling capitals. It is one of the main reasons why they've opened it because it generates money that's helping the economy of their country and local which had brought jobs and taxes. As a gambler, those things are very common and we know that negative effects will occur if we're not careful and if we cannot control ourselves as we gamble.
But the question is why in some parts of the world, gambling is allowed like in some US state. Right, even if we picture that there is this so could "economic cost of gambling", government as making huge money from taxes, so I guess it even out everything. If there is a negative effect, there could be some corresponding positive though. Just look at Macau now, once a unknown country, but they the government allow the nation to be the Las Vegas of Asia, it gain some attention, become a tourist spot, giving jobs to the population and of course earning revenues for the government.
These are things that exist in our societies with or without gambling addiction. Externalities are part of our daily life and although it's an absurd we have to pay for most of them, there is nothing we can do about it. Only politicians have the power to change the rules which could make everything works fairly.
1. Gambling in fact has many negative externalities. If someone gets addicted, the likelihood is much higher to be depressed. Depression is factor, which leads to high costs for the society.
Depression is about health, so I think people have a more empathic approach on this matter. It's an acceptable externality.2. Gambling addiction leads to economic costs because of crime actions. Other market actors have to increase their security standards, which means higher costs.
Raising security standards I think it's not an externality, because you are paying for a service which is going to benefit you directly. Externality would be you paying security standards for someone else who doesn't even live near you.3. Many gambling addicts go as a consequence to jail. Jail means EXTREMELY high costs to society.
Jail shouldn't have a cost for the society. The prisioner should work inside it to be able to pay for his family and his own living costs.
I think prison or crime is not the economic component of gambling, but the social component!
If you look at the economics - it's probably a plus for the state, since legal casinos pay a good percentage for their activities and buy expensive licenses...
By the way, it is wrong to argue that "many" gamblers go to jail or face crime!
If you look at the economics - it's probably a plus for the state, since legal casinos pay a good percentage for their activities and buy expensive licenses...
By the way, it is wrong to argue that "many" gamblers go to jail or face crime!
Gambling actually is beneficial for economy, casinos' and other gambling establishment pays taxes and provide jobs it's the reason why gambling will always be a part of economy in some country. Illegal gambling on the other hand has no benefits at all, of course there is a reason why it's called illegal.
I don't agree with this, gambling addiction is a problem that caused by the gambler itself. Being a gambling addict is already a mental disorder and it doesn't need to become a depression just to be noticed or treated, if someone is indeed goes to jail because of depression there no way to know that it's the gambling that causes it.
The main reason why I disagree is that Gambling is just a factor for depression and with or without Gambling a person can build depression nonetheless, so gambling can be a factor but cannot be a major reason for these crime actions, meaning it eliminates the argument of gambling directly affecting the economy. Gambling does affect the economy directly but not because of this reason.
1. Gambling in fact has many negative externalities. If someone gets addicted, the likelihood is much higher to be depressed. Depression is factor, which leads to high costs for the society.
2. Gambling addiction leads to economic costs because of crime actions. Other market actors have to increase their security standards, which means higher costs.
3. Many gambling addicts go as a consequence to jail. Jail means EXTREMELY high costs to society.
What are your thoughts on this topic?
2. Gambling addiction leads to economic costs because of crime actions. Other market actors have to increase their security standards, which means higher costs.
3. Many gambling addicts go as a consequence to jail. Jail means EXTREMELY high costs to society.
What are your thoughts on this topic?
I don't agree with this, gambling addiction is a problem that caused by the gambler itself. Being a gambling addict is already a mental disorder and it doesn't need to become a depression just to be noticed or treated, if someone is indeed goes to jail because of depression there no way to know that it's the gambling that causes it.
The main reason why I disagree is that Gambling is just a factor for depression and with or without Gambling a person can build depression nonetheless, so gambling can be a factor but cannot be a major reason for these crime actions, meaning it eliminates the argument of gambling directly affecting the economy. Gambling does affect the economy directly but not because of this reason.
Jump to: