Topic: Why should Gambling be legalized ? - page 6. (Read 489 times)
Gambling is allowed in many countries. There are a lot of conditions attached to it. If gambling in a country is legal, it does not automatically mean that you can also offer gambling there. Just look at the Netherlands, they recently issued permits through their own committee. Gambling was not allowed in the Netherlands, but many players could still register on different sites. It also depends on which license you have. Malta was much possible I thought. Now, its much more difficult. But you can avoid the black circuit if you make it legal.
What can legalization do for the economy?
- It can definately help the government with high tax revenues which is never Outlooked and this can help with overall economic development of any country for that matters.
- It can help in Job creation as well, since it's a big industry and people would be more engaged
- It can reduce the need for illegal gambling which means they won't have to use illegal methods or whatsoever
- Gambling cannot be controlled, at the end of the day people would find a way therefore it's best if it's regulated by the governmental bodies
You have already highlighted its benefits. This brought me to think about the gambling legal situation in my country ; i live in an islamic country (islamic means that gambling is prohibited by religion) so the government monopolize the sector with one single institution running for football bets and horse ricing, while it's not possible for individuals to lunch their own projects or use any other platform online.- It can definately help the government with high tax revenues which is never Outlooked and this can help with overall economic development of any country for that matters.
- It can help in Job creation as well, since it's a big industry and people would be more engaged
- It can reduce the need for illegal gambling which means they won't have to use illegal methods or whatsoever
- Gambling cannot be controlled, at the end of the day people would find a way therefore it's best if it's regulated by the governmental bodies
Actually, users started using online casinos which reduce the traffic to the governmental gambling institution. Unfortunately, the government isn't aware about this and still pay for its employers without even getting benefits like before .
Time and again we have heard numerous arguments from economists and the government regarding the pros and cons of legalization of the Gambling industry, let us discuss some of them here.
{This does not exclude the cons as well, but let's discuss about the pros here}
What can legalization do for the economy?
- It can definately help the government with high tax revenues which is never Outlooked and this can help with overall economic development of any country for that matters.
- It can help in Job creation as well, since it's a big industry and people would be more engaged
- It can reduce the need for illegal gambling which means they won't have to use illegal methods or whatsoever
- Gambling cannot be controlled, at the end of the day people would find a way therefore it's best if it's regulated by the governmental bodies
There can be other social benefits during the time of Covid where people have to supposedly entertain themselves at their own homes and they won't have to visit casinos in person.
What else do you think could be the benefits ??
Taking away an industry for the organized crime is really important as well, if gambling is legalized then it means that anyone with the necessary funds can create a casino, but if it is illegal then only those that move on the underground world would do so, keeping all of the profits of the industry by themselves without paying taxes and making them even more powerful than they are.{This does not exclude the cons as well, but let's discuss about the pros here}
What can legalization do for the economy?
- It can definately help the government with high tax revenues which is never Outlooked and this can help with overall economic development of any country for that matters.
- It can help in Job creation as well, since it's a big industry and people would be more engaged
- It can reduce the need for illegal gambling which means they won't have to use illegal methods or whatsoever
- Gambling cannot be controlled, at the end of the day people would find a way therefore it's best if it's regulated by the governmental bodies
There can be other social benefits during the time of Covid where people have to supposedly entertain themselves at their own homes and they won't have to visit casinos in person.
What else do you think could be the benefits ??
Another benefit is that if gambling is made legal then the games can be regulated and casinos will have no incentive to cheat their customers or they will lose their license, something that is not possible to do if gambling is illegal.
That's exactly it. If people want to gamble and it's illegal they still Will find a way to gamble. It funds criminal organizations while not creating revenue streams for governments. To me its a no brainer. People with addictive downfalls can also be regulated whereas in an illegal system, they will run people dry and leave em in the gutter. There are way more pros than cons with this one.
Time and again we have heard numerous arguments from economists and the government regarding the pros and cons of legalization of the Gambling industry, let us discuss some of them here.
{This does not exclude the cons as well, but let's discuss about the pros here}
What can legalization do for the economy?
- It can definately help the government with high tax revenues which is never Outlooked and this can help with overall economic development of any country for that matters.
- It can help in Job creation as well, since it's a big industry and people would be more engaged
- It can reduce the need for illegal gambling which means they won't have to use illegal methods or whatsoever
- Gambling cannot be controlled, at the end of the day people would find a way therefore it's best if it's regulated by the governmental bodies
There can be other social benefits during the time of Covid where people have to supposedly entertain themselves at their own homes and they won't have to visit casinos in person.
What else do you think could be the benefits ??
Taking away an industry for the organized crime is really important as well, if gambling is legalized then it means that anyone with the necessary funds can create a casino, but if it is illegal then only those that move on the underground world would do so, keeping all of the profits of the industry by themselves without paying taxes and making them even more powerful than they are.{This does not exclude the cons as well, but let's discuss about the pros here}
What can legalization do for the economy?
- It can definately help the government with high tax revenues which is never Outlooked and this can help with overall economic development of any country for that matters.
- It can help in Job creation as well, since it's a big industry and people would be more engaged
- It can reduce the need for illegal gambling which means they won't have to use illegal methods or whatsoever
- Gambling cannot be controlled, at the end of the day people would find a way therefore it's best if it's regulated by the governmental bodies
There can be other social benefits during the time of Covid where people have to supposedly entertain themselves at their own homes and they won't have to visit casinos in person.
What else do you think could be the benefits ??
Another benefit is that if gambling is made legal then the games can be regulated and casinos will have no incentive to cheat their customers or they will lose their license, something that is not possible to do if gambling is illegal.
Time and again we have heard numerous arguments from economists and the government regarding the pros and cons of legalization of the Gambling industry, let us discuss some of them here.
{This does not exclude the cons as well, but let's discuss about the pros here}
What can legalization do for the economy?
- It can definately help the government with high tax revenues which is never Outlooked and this can help with overall economic development of any country for that matters.
- It can help in Job creation as well, since it's a big industry and people would be more engaged
- It can reduce the need for illegal gambling which means they won't have to use illegal methods or whatsoever
- Gambling cannot be controlled, at the end of the day people would find a way therefore it's best if it's regulated by the governmental bodies
There can be other social benefits during the time of Covid where people have to supposedly entertain themselves at their own homes and they won't have to visit casinos in person.
What else do you think could be the benefits ??
{This does not exclude the cons as well, but let's discuss about the pros here}
What can legalization do for the economy?
- It can definately help the government with high tax revenues which is never Outlooked and this can help with overall economic development of any country for that matters.
- It can help in Job creation as well, since it's a big industry and people would be more engaged
- It can reduce the need for illegal gambling which means they won't have to use illegal methods or whatsoever
- Gambling cannot be controlled, at the end of the day people would find a way therefore it's best if it's regulated by the governmental bodies
There can be other social benefits during the time of Covid where people have to supposedly entertain themselves at their own homes and they won't have to visit casinos in person.
What else do you think could be the benefits ??
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