Economic Impact of Gambling Along with "Wine, Women and Song," gambling was often considered a vice. Indeed, gambling has been a part of human civilization and culture since times immemorial. Gambling has paralleled human evolution. One can easily find instances of gambling in the Bible and other historical references. Gambling can be defined as staking ones material possession for profit. In a broader definition, gambling can also be considered a pact

Legalized Gambling Gambling is defined as the staking of money as well as goods that have a material value on a particular event with the intention to win extra money (or material goods with value for that matter). The result of this wagering becomes evident in a short period of time. It has now become a commercial activity that is conducted internationally, meanwhile the legal gambling market was estimated at $335

As such the stigma that once existed concerning gambling no longer exists. People are therefore more likely to engage in gambling activities and more likely to develop an addiction to gambling. The author further explains that even though there are still social conflicts concerning the implementation and expansion of certain types of gambling such as, video lottery, terminals gambling has become a largely accepted practice (Cosgrave (2010). In addition,

In addition to creating jobs, casinos on reservations provided the American Indian community with various social services and strengthened their social bonds (Momper 142; Cornell et al., 1998). While it is true that gambling addiction has increased among American Indian residents as a result of building casinos, in many instances improvements in standards of living took many of them out of poverty, decreasing the rate of behavioral problems and

Washington Capitals hockey star Jaromir Jagr is a latest example of a star being enticed and getting involved with the gambling world. (Kyl, 2003). The involvement that some users get with online gambling can lead to obsessive behavior and an eventual disregard or inattention to the workplace or family which could lead to domestic stress when things start to go bad, or one experiences fraud and deceit and looses a

Internet Gambling: Consumers, Industry, And Regulation Business Management Final Year Project Online gambling is a large and growing industry. Estimates from an industry consulting group indicate that as many as 2,000 firms worldwide are involved in offering a number of different types of online gambling, resulting in an estimated $25.4 billion in winnings and as much as twenty times that in revenue. Why is online gambling so popular, and what does this imply