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Online Gambling Guide by Jerry Whittaker…
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Economic Importance of Legalized Gambling: Is it Worth to Legalize it?

by Jerry "Jet" Whittaker

November 7, 2006

It is a big question for the authority to grant permission to gambling as it is not just viewed as a way to earn easy money but also as a vice. There is an institute known as the National Gambling Impact Study Commission that was formed in the year 1997 for the basic purpose of evaluation of gambling activities. As gambling was viewed as a negative game and it was not given the kind of importance that other games had there was no such idea that the economic importance of legalized gambling could be proven.

How does it help?

In the beginning it was claimed by the government that it would hamper the growth of other industries and it would also not contribute to the economy much. But if there is a calculative study one it can be claimed that gambling is an industry that has been a source of employment for millions of the people all over. Gambling is no just restricted to the table now but it is played widely all over the world by the means of the Internet that become a great economic activity. A lot of the Americans have favored gambling at various levels as it has become popular with time.

Government and Gambling:

There are some controversies that are on as the passage of the bill in the congress on the United States of America is being formulated that can withdraw the gambling rights. The worry of the government is the excessive involvement of the teen age group who is involved in the gambling process which may have an economic importance of legalized gambling but it can ruin the future career prospects of the persons.

 

 

 

 

 

 

 

 

 

 


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