Gambling Encyclopedias
by Jerry "Jet" Whittaker
February 20, 2006
GAMBLING is a type of game, which is there for easy
money by betting of money or valuables if you intend to
participate in the game.
Gambling is a game
of fate, some degree of skills is also involved.
In
England, and in the United States, gambling was not a
common-law crime if conducted privately. Even in
colonial America, however, gambling was liable to rankle
public opinion because it was often associated with
rowdy activities and could produce debtors who would
burden society.
Gambling in America:
In
the United States, there is state law, which governs
gambling among them some states prohibit public wagers
or betting by minors, while others allow wagering up to
a certain amount. In some states, parimutuel betting on
horse races at the tracks is legal; several states
permit parimutuel betting on dog races and jai alai
games, and most states operate or participate in daily
and weekly lotteries. Although these state-sanctioned
forms may come with a conflict when there is diversity
in public opinion on the moral and economic worth of
gambling. One more reason to accept gambling in the
state because it all provides state and local
governments with large revenues. The first legalized off
track betting system (OTB) in the United States opened
in New York City in 1971.
State to sanction gambling for the first time
Nevada was the first state to sanction many types of
gambling, with casinos operating slot machines, card
games, and various games of chance. For many years,
Nevada was the only place in the United States where
casinos were legal. So the craze of gambling spread like
any thing and now more than half the states have
gambling legalized. Some states, however, particularly
those along the Mississippi River, restrict casino
gambling to riverboats (often permanently docked).
Following the federal Indian Gaming Regulatory Act of
1988, states were required to permit on reservations any
type of gambling that was permitted off-reservation.
Since that time, tribes throughout the country have
opened legal gambling establishments, which help them to
enhance their economy and that of the area where they
live, but reservation gambling still produces only a
small percentage of all gambling revenues in the
country. In the late 1990s, the compulsive gambling was
very prevalent and there was a large concern over
compulsive gambling. approx 3% of the adult was directly
affected by this practice. The social effects of the
mushrooming gambling economy drastically grown by 1,600%
since the mid-1970s with revenues of some $50 billion,
which brought increased government attention, but
gambling revenues have continued to grow in importance
to many state budgets.
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