Topic: How gambling can effect the economy of a country [Part 1 - USA] - page 3. (Read 463 times)
Gambling is always good for the country overall but it often doesn't turn out the same way for the individual. Gambling is portrayed negatively because of the negative impact that it often has on people's lives. Also, may people believe gambling is bad because of their religious beliefs.
I agree that there can be some positive impacts to the gambling industry, when the industry is controlled then there are some economic benefits as a result of taxation, but you also have to consider the human cost of this. Many of the people that play at casinos are actually addicted, and are causing severe impacts to their life by the amount of money they lose. I think this is the next step that regulation needs, some sort of damage control system.
In our society, the general idea about gambling is negative. People don't miss a chance to criticize gambling even if they have never experienced it in their lifetime. I have been fighting against this particular social taboo through this community. I have already created two threads about it and you are welcome to pour in your feedback to those threads as well.
Thread 1:
Why gambling is portrayed negatively almost everywhere?
Thread 2:
Benefits of gambling? Yes - it exists!
Today's topic is another addition to my fight against this social taboo. Not many people know how the economy of a country can be befitted from gambling industry. Today is the first part and we will talk about USA. The next parts will be based on Macau and so on. I came across an article on this exact point, published by CNBC. Even though the article is almost 4 years old, but didn't loose its significance. It shows how gambling industry has benefited the economy of USA.
Few key points mentioned in the article:
1. Direct employment of 570,000 people, with total jobs impact of 1.7 million (including nearly 200,000 government jobs)
2. Revenues of $81 billion in 2013, including $30 billion from Native American casinos
3. $38 billion in taxes paid
4. $102 billion in direct economic impact, and when you throw in all the spending done by employees in the general economy, the total impact is $240 billion (this does not include spending on casino construction).
You may hate gambling due to many reasons, but you can't really deny these positive points about gambling industry which are directly impacting the economy of a country favorable to it. So spread love about it, not hate!
Article source: https://www.cnbc.com/2014/09/30/casinos-and-gambling-business-jackpot-gamings-impact-on-the-us-economy.html
Thread 1:
Why gambling is portrayed negatively almost everywhere?
Thread 2:
Benefits of gambling? Yes - it exists!
Today's topic is another addition to my fight against this social taboo. Not many people know how the economy of a country can be befitted from gambling industry. Today is the first part and we will talk about USA. The next parts will be based on Macau and so on. I came across an article on this exact point, published by CNBC. Even though the article is almost 4 years old, but didn't loose its significance. It shows how gambling industry has benefited the economy of USA.
Few key points mentioned in the article:
1. Direct employment of 570,000 people, with total jobs impact of 1.7 million (including nearly 200,000 government jobs)
2. Revenues of $81 billion in 2013, including $30 billion from Native American casinos
3. $38 billion in taxes paid
4. $102 billion in direct economic impact, and when you throw in all the spending done by employees in the general economy, the total impact is $240 billion (this does not include spending on casino construction).
You may hate gambling due to many reasons, but you can't really deny these positive points about gambling industry which are directly impacting the economy of a country favorable to it. So spread love about it, not hate!
Article source: https://www.cnbc.com/2014/09/30/casinos-and-gambling-business-jackpot-gamings-impact-on-the-us-economy.html
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