How can online gambling help to kickstart the global economy?

[Kakmakr]

Most people would say, gambling is a destructive activity and that it only destroys lives... and in a way I agree with them. The thing is, everything comes with good and bad and gambling is not an exception.    

Regulated and licensed gambling operations are obligated to pay taxes.... right.. well every Dollar added to the government fiscus helps to fund large projects. These projects create new job opportunities and also income for unemployed people and also stimulate the economy when these people use that money in the retail industry. (Food & Services)

Some people actually win at some of these casinos and they win big, so this money also goes back into the economy and these gambling operations employ people to run these casinos, so that is also a added benefit of these online casinos.

What other positive things can you think of that online casinos can add to the global economy?

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[Findingnemo]

What other positive things can you think of that online casinos can add to the global economy?

People who uses online casinos can save money over while they are playing in a physical casino which means individuals will have more money to spend on their necessary things.Basically any kind of spending on regulated casinos will benefits the government because they have to pay taxes for profits.

[stadus]

The government will weigh the effect of the gambling operation to its people, that's the reason some countries are banning gambling, it could be due to religious belief (like Islam) which would contract if they let gambling operate or like I said the effect to the people.

However, speaking of taxes, that's the benefit of the countries economy that's why they regulate gambling sites.

Top 10 online gambling companies in the world.

https://www.marketresearchreports.com/blog/2019/05/24/top-10-online-gambling-companies-world

Based on the overall revenue of the top 10 online gambling companies in the world are:
1-International Game Technology PLC : USD 4.83 billion
2-GVC Holdings PLC (Ladbrokes Coral Group) : USD 4.14 billion
3-bet365 : USD 4.03 billion
4-Scientific Games : USD 3.36 billion
5-Paddy Power Betfair : USD 2.64 billion
6-William Hill PLC : USD 2.28 billion
7-The Stars Group : USD 2.02 billion
8-Playtech : USD 1.75 billion
9-Kindred Group PLC : USD 1.28 billion
10-888 Holdings PLC : USD 0.54 billion

All of them are regulated and their revenue is billion of dollars, so that's a big help to the economy on the cut the government will get through taxes.

[Haunebu]

Online gambling cannot kickstart the economy since the profit gained through taxes, employing people in casinos etc are mostly wiped out by the losses faced by people who play there.

These casinos could help the economy in a small way though, but nothing drastic enough to kickstart the economy. Under current conditions, it will probably take a couple of years for world economies to recover as long as everyone gets vaccinated.

The focus is primarily on the virus and secondarily on the economy currently almost everywhere which is why we need to find ways to control the virus asap.

[Darker45]

Of course, gambling helps the overall economy because it pays taxes. But the gambling industry alone cannot kickstart the global economy.

As a matter of fact, the success or failure of the gambling industry highly depends on the economic condition of the people. In a place where people are having a very hard time making ends meet, we cannot expect the gambling industry to thrive. After all, gambling businesses are dependent on people squandering money.

[GreatArkansas]

(...)
What other positive things can you think of that online casinos can add to the global economy?

Tax is really the player here in terms of the global economy or the way casinos can help the government.
Casino for me is also almost the same with other businesses out there since they are still paying their taxes, they got employees and it also helps the economy, people will get the job, people will get money from their salary.
Although casino gambling can have any disadvantages especially to some people who keep losing their money, still there are some advantages of it for some people.

[minairia3]

If its not adding value on global economy then this is not worth to establish. Like others mentioned here; its contribution significantly in the form of taxes. Many private casinos are earning huge but they have been required to pay their tax dues which given value to our global economy.

Many countries have employed casino as one of the profitable industry, it may sound addiction or only rich people but believe me they are helping some other people through donations and sometime relief mission.

Pandemic case or not, gambling will continue and preventing it will only cause damage to possible income that it may incurred to the government.

[shield132]

Gambling doesn't destroy lives, it's you who does that. I can't understand one thing, what's the purpose of life? To feel happy, right? If gambling doesn't make you happy, then why do you gamble? And if it makes you happy, then - why not to gamble? I have seen a lot of gamblers who are rich, bet high and get fun from it, this behavior doesn't ruin their life. But at the same time I have seen more likely a poor or normal budget people who gamble with high bets that exceeds what they can afford and idea behind their gambling is more and more profit. So, guess what destroys lives? Laziness, lazy people who want to get money easily by gambling, fail and then blame this business and call it a monster, death machine.

But gambling can't kickstart global economy and economy doesn't really depend on gambling as it shouldn't even be. Gambling is an entertainment and we all need it or any other kind of entertainment like tourism but economy should depend on people's actual job and only doing/making things can kickstart global economy. You need to give people stimulus and invest in their education, this will work synergistically and will kickstart economy.

[ethereumhunter]

When it comes to online casinos, I think the money will come to the owner and the staff because the government can not use their hand to reach the online casinos. Maybe only a few governments can ask the owner of the online casinos to pay the tax or something like that, but the rest will not pay that taxes because the business is run on the internet.

It will not be the same if the casino is run offline because the owner needs to report their income to the government, so the owner should pay the taxes, which the money will return to the government and economy. The employee's life will increase because they can get an income from that casino, but the employee needs to pay the tax to the government.

[plvbob0070]

Well, online casinos are just like any other business running. They pay tax, but aside from tax revenues (which is really big help in the economy especially when the casino is one of the major taxpayers) and jobs, I think we can also add having a good relationship with other countries when a foreign gambling site is operating in other countries. It's part of globalization. But the online gambling industry also has its major downside, especially if the casino does not have licensed to operate so basically, they are illegal which is not helping the economy.

[Wexnident]

Taxes. Bout it basically. Unless gambling companies would start pushing for infrastructure buildings to hire more people, then that's about it. Gambling casinos often just move money from the user, to them, then to the government, that's basically most of it's contribution to the economy. What we need right now is for people to spend money and for the government to fix the problems of unemployment, of which the first one, none would probably spend money on gambling when they're suffering right now, and two, employment is quite limited in casinos.

Gambling doesn't destroy lives, it's you who does that. I can't understand one thing, what's the purpose of life? To feel happy, right? If gambling doesn't make you happy, then why do you gamble? And if it makes you happy, then - why not to gamble? I have seen a lot of gamblers who are rich, bet high and get fun from it, this behavior doesn't ruin their life. But at the same time I have seen more likely a poor or normal budget people who gamble with high bets that exceeds what they can afford and idea behind their gambling is more and more profit. So, guess what destroys lives? Laziness, lazy people who want to get money easily by gambling, fail and then blame this business and call it a monster, death machine.

TRUE. Most people and some specialists even think of Gambling as some sort of drug. Why even? Gambling is an intangible thing, in a sense, is a form of entertainment. If you were to consider that as a drug, you should also consider sports, games, etc. Specialists should really start by telling addicts how Gambling isn't the one destroying you, but you yourself.

[Latviand]

For me, I see this online gambling as an alternative way for those physical casino customers to pay taxes because until now, most of the physical casinos are still not operating. Online gambling can also help the promotion of the use of cryptocurrency in the gambling platforms.

It can strengthen and helps the use of cryptocurrency in most of the online gambling casino to introduce its importance about helping the economy grow.

I wonder if there's is such thing as a way on paying taxes using cryptocurrency so it is less hassle when you try to pay the government taxes for the economy to somehow recover.

[AmoreJaz]

Well, online casinos are just like any other business running. They pay tax, but aside from tax revenues (which is really big help in the economy especially when the casino is one of the major taxpayers) and jobs, I think we can also add having a good relationship with other countries when a foreign gambling site is operating in other countries. It's part of globalization. But the online gambling industry also has its major downside, especially if the casino does not have licensed to operate so basically, they are illegal which is not helping the economy.

thats right, the government can generate good income from these online casinos. that is, if they are legit. but we all know that a lot of these online casinos have no license, so they are avoiding to pay their taxes. so better play in licensed online casinos, at least you are also helping the economy of that country where it is licensed from. check also if your country is included in those that you don't have to pay tax of your gambling winnings. otherwise, you need to declare such winnings

https://marketbusinessnews.com/online-casinos-tax-revenue/190926/

https://www.taxback.com/blog/the-ultimate-guide-to-gambling-tax-rates-around-the-world

[FontSeli]

Most people would say, gambling is a destructive activity and that it only destroys lives... and in a way I agree with them. The thing is, everything comes with good and bad and gambling is not an exception.    

Regulated and licensed gambling operations are obligated to pay taxes.... right.. well every Dollar added to the government fiscus helps to fund large projects. These projects create new job opportunities and also income for unemployed people and also stimulate the economy when these people use that money in the retail industry. (Food & Services)

Some people actually win at some of these casinos and they win big, so this money also goes back into the economy and these gambling operations employ people to run these casinos, so that is also a added benefit of these online casinos.

What other positive things can you think of that online casinos can add to the global economy?

How gambling affects the economy can be seen in the example of Las Vegas. There, casinos can be considered city-forming enterprises. Most of the tourists come to play at the casino. If the casinos are not working, then the places in hotels are empty, restaurants are idle. A lot of people are out of work.
Because of the coronavirus, businesses that were directed to work with people suffered the most.

[Tipstar]

Most people would say, gambling is a destructive activity and that it only destroys lives... and in a way I agree with them. The thing is, everything comes with good and bad and gambling is not an exception.    

Regulated and licensed gambling operations are obligated to pay taxes.... right.. well every Dollar added to the government fiscus helps to fund large projects. These projects create new job opportunities and also income for unemployed people and also stimulate the economy when these people use that money in the retail industry. (Food & Services)

Some people actually win at some of these casinos and they win big, so this money also goes back into the economy and these gambling operations employ people to run these casinos, so that is also a added benefit of these online casinos.

What other positive things can you think of that online casinos can add to the global economy?

How gambling affects the economy can be seen in the example of Las Vegas. There, casinos can be considered city-forming enterprises. Most of the tourists come to play at the casino. If the casinos are not working, then the places in hotels are empty, restaurants are idle. A lot of people are out of work.
Because of the coronavirus, businesses that were directed to work with people suffered the most.

But what we need to remember is gambling is a service that adds no value to the economy. Though it would fulfill the needs of some people and give them jobs, it would not have any positive effect on economic development. The money spent on gambling, tours, travels, restaurants would employ some but would not yield any positive outcomes or boost for the economy.

[batang_bitcoin]

People who uses online casinos can save money over while they are playing in a physical casino which means individuals will have more money to spend on their necessary things.Basically any kind of spending on regulated casinos will benefits the government because they have to pay taxes for profits.

I agree on this and at the same time, they save time. The physical gamblers can spend a lot of time going back and forth to their respective casinos whilst on the transition of new normal, they will consider online gambling which they don't have to waste their time in commuting.
And with that, they can do some other things that can be productive which could make them money and that shall also contribute to the economy.

[kryptqnick]

Most people would say, gambling is a destructive activity and that it only destroys lives... and in a way I agree with them. The thing is, everything comes with good and bad and gambling is not an exception.    

Regulated and licensed gambling operations are obligated to pay taxes.... right.. well every Dollar added to the government fiscus helps to fund large projects. These projects create new job opportunities and also income for unemployed people and also stimulate the economy when these people use that money in the retail industry. (Food & Services)

Some people actually win at some of these casinos and they win big, so this money also goes back into the economy and these gambling operations employ people to run these casinos, so that is also a added benefit of these online casinos.

What other positive things can you think of that online casinos can add to the global economy?

I don't think gambling is destructive per se. If I'm not mistaken the vast majority of gamblers don't get addicted, so it's unfair to focus on those who do. Legalizing the online gambling business might indeed bring a lot of taxes to the government, and good conditions might lead to more people getting jobs. But no matter how hard I try to come up with economic benefits other than those you listed, I fail. It does have a big health-related benefit with people staying at home during these difficult times, and safety should come before profits. But I agree with Haunebu that online gambling it unlikely to help the economy significantly.

[avikz]

Most people would say, gambling is a destructive activity and that it only destroys lives... and in a way I agree with them. The thing is, everything comes with good and bad and gambling is not an exception.    

Regulated and licensed gambling operations are obligated to pay taxes.... right.. well every Dollar added to the government fiscus helps to fund large projects. These projects create new job opportunities and also income for unemployed people and also stimulate the economy when these people use that money in the retail industry. (Food & Services)

Some people actually win at some of these casinos and they win big, so this money also goes back into the economy and these gambling operations employ people to run these casinos, so that is also a added benefit of these online casinos.

What other positive things can you think of that online casinos can add to the global economy?

Well, back in 2018 I created some posts one similar topics to show how gambling can help the economy of a country. It was not about online though. But I had taken two countries as example, USA and Macau. Below are the links of those two posts,

How gambling can effect the economy of a country [Part 1 - USA]

How gambling can effect the economy of a country [Part 2 - Macau]

Like any other business, gambling business has its own impact on the economy of a country. It's indeed a billion dollar industry and they pay huge amount of taxes which in turn funds the development activities of government. Now with the post-corona world, gambling businesses will have to shift their focus to have a solid online presence. because people will not be comfortable to flock in casinos in big numbers and may prefer home based gaming entertainment.

It is opening up big opportunities for the online gaming operators to strengthen their online footprint. Probably not now, but in future, we will definitely see a huge impact of online gambling business on the economy. This is especially beneficial for small countries like Macau, Malta or Curacao where gambling is legal and also crypto friendly.

[iv4n]

Gambling is the industry for itself, and I don't think that just one engine is enough to keep the plane flying! You need to have other engines as well if you wish to maintain some control! And when you take a look around some industries suffer a lot, while some are making money (like in the best days). It is simple to compare tourism with pharmacy, gambling with little shops on the street.
Gambling, at least the legalized part will pay taxes in the registered country and if they are good they will pay higher taxes and that will be used by government for the government, not for ordinary people of course! Do you really believe that governments are helping ordinary people or rich people to stay rich and get richer!?

[Kakmakr]

Let's also not forget that the online gambling was a nice way for Brick n Mortar casinos to survive through this epidemic, because I know of several local Brick n Mortar casinos in my country that switched to a online casino to keep the profits going, when they were not allowed to open their doors.   

The online casinos also have several software developers behind these projects, so it even creates jobs for them. Some of these casinos also have live dealers, which adds even more jobs. 

[akhjob]

IMHO, I don't think that online gambling actually adds anything to the global economy apart from the fact that the regularised gambling sites and its users pay taxes. It even cuts shorts the manpower, building space, associated property/rental taxes etc needed for running a casino. It does more damage to the global economy if you ask me.

[South Park]

Online gambling cannot kickstart the economy since the profit gained through taxes, employing people in casinos etc are mostly wiped out by the losses faced by people who play there.

These casinos could help the economy in a small way though, but nothing drastic enough to kickstart the economy. Under current conditions, it will probably take a couple of years for world economies to recover as long as everyone gets vaccinated.

The focus is primarily on the virus and secondarily on the economy currently almost everywhere which is why we need to find ways to control the virus asap.

I do not know about online gambling but gambling in physical casinos can be very beneficial to the community, there are entire cities dedicated to gambling and whenever a city is facing problems an alternative that gets really quickly on the table to help that issue is to make gambling legal to attract tourism to the region, however as you say this is not enough to kick-start the economy of a whole country as this depends on the spare money people may have and as we know thanks to this crisis many people have lost their jobs and the ones that have not are taking care of their money in the case this happened to them.

[YOSHIE]

What other positive things can you think of that online casinos can add to the global economy?

there are many things that can boost the economy of gambling casino revenue in addition to being centered on taxation & online.

For example: complexes such as restaurants, hotels, certain casino venues in each area and entertainment venues allow it to be positive to foster a global economic stimulation, the reason is simple in such an area capable of creating a gambling casino industry, with the needs provided are: transportation, drinking/food for the needs of local and international tourists.

In this case the hotel, restaurants and entertainment venues can also provide online casino gambling games at applied rates, the economy will automatically increase automatically with the facilities provided in gambling.

[Lucasgabd]

add a 10% tax or volunteer donation from all online gambling transactions that must go to projects of UBI to end poverty and help people in really difficult conditions.

that would definitely help.

[Oceat]

add a 10% tax or volunteer donation from all online gambling transactions that must go to projects of UBI to end poverty and help people in really difficult conditions.

that would definitely help.

I don't think the value added 10% tax would help at all since it will be shouldered to the employees and the people who wants to play will be affected too since somehow there is an increase of payment to play. Did you ever imagine that would happen? And since we are in pandemic it's a burden already plus adding prices or taxes might be the reason to collapse the gambling company/industry.

[Asuspawer09]

Most people would say, gambling is a destructive activity and that it only destroys lives... and in a way I agree with them. The thing is, everything comes with good and bad and gambling is not an exception.    

Regulated and licensed gambling operations are obligated to pay taxes.... right.. well every Dollar added to the government fiscus helps to fund large projects. These projects create new job opportunities and also income for unemployed people and also stimulate the economy when these people use that money in the retail industry. (Food & Services)

Some people actually win at some of these casinos and they win big, so this money also goes back into the economy and these gambling operations employ people to run these casinos, so that is also a added benefit of these online casinos.

What other positive things can you think of that online casinos can add to the global economy?

Big possibility, if the online casino becomes more popular at this pandemic it would really help to boost our economy.

As every gambling casino also pays taxes and regulated by the government, just like other businesses if businesses stop operating just like what happened because of the virus the economy would surely be affected.

So having online gambling would really affect the economy like giving jobs etc.

[ReiMomo]

Gambling revenue from the regulated and licensed company who pay taxes are extremely a good help to the economy. That's the reason why the government push to continue any licensed gambling companies after the pandemic hit because they want to recover from the economic crisis and this gambling sector business either small or big can contribute to the economic growth through their taxes.

I don't consider a global economy, let's consider those countries that strictly prohibit gambling due to their religious belief. They are excepted in this case.

[Ryker1]

Well, the gambling industry is part of the business that the government can benefit on it. The same on merchants or small sore, --registered and licensed casinos are taxed as well. The generated revenues are used to fund government programs, like any calamity or even disasters. And casino taxes do make it the simplest way for politicians to avoid spending cuts or other tax increases. Literarily, it can help to boost the global economy problem especially during this pandemic that we are all experienced recession that wants to recover from the economic problems.

[Lucasgabd]

add a 10% tax or volunteer donation from all online gambling transactions that must go to projects of UBI to end poverty and help people in really difficult conditions.

that would definitely help.

I don't think the value added 10% tax would help at all since it will be shouldered to the employees and the people who wants to play will be affected too since somehow there is an increase of payment to play. Did you ever imagine that would happen? And since we are in pandemic it's a burden already plus adding prices or taxes might be the reason to collapse the gambling company/industry.

collapse the gambling company/industry seems a bit exagerated.
it's a billionaire market.

have you checket Yang's proposal on UBI? in essence it's exactly what I said.

OP asked how to use gambling to help the world
this is a way

[STT]

gambling is a destructive activity

In monetary terms thats not true, the money comes in and goes back out in certain percentages and no money is destroyed.   The business is as valid as any other, some businesses are horribly inefficient and make terrible products.   Theres been some terrible examples of mainstream business both private and government that have been destructive even corrupt by using up pension funds or taxes owed that should have been allocated properly before bad accounting was discovered leaving behind bankruptcy and debtors to a business that never deserved to be operating.
     Gambling is valid business so long as it pays its bills and offers fair terms to customers, the majority of money bet goes back towards punters who win so it is just redistributed in most cases with quite a slight house take.    

[StephenJH]

Like all other online businesses, there are good and bad sides of running a business in the internet. If we consider the casinos don't do shady things such as dark accounting, then the total tax payment will be the only best side by the government side. For global economy, the turnover of online gambling is not as high as the OP mentioned, IMHO.

[serjent05]

What other positive things can you think of that online casinos can add to the global economy?

Aside from taxes, gambling, may it be online or land base provides jobs to people.  Furthermore, gambling industry is active in funding charities.  Aside from that, I do not see any more positive things that it can add to the global economy.  Entertainment is already given so it is not worth mentioning.

[Mahanton]

What other positive things can you think of that online casinos can add to the global economy?

Theres no other than but "TAXES" this is the main positive thing on where these casinos can give out for. Aside from employment or whatsoever since its just a typical stuff in a business to hire up personnel of business operations but to think of that casinos arent the only ones who do need to pay up tax but every business that do exist out which they are obliged to pay up those contribution which would really help out the entire economy
knowing that this place generates big money and this would also reflect on the tax should be paid of.When it comes for people to throw out negative stuff towards these kind of places is normal specially to those who
got wrecked down. 

[FontSeli]

How gambling affects the economy can be seen in the example of Las Vegas. There, casinos can be considered city-forming enterprises. Most of the tourists come to play at the casino. If the casinos are not working, then the places in hotels are empty, restaurants are idle. A lot of people are out of work.
Because of the coronavirus, businesses that were directed to work with people suffered the most.

But what we need to remember is gambling is a service that adds no value to the economy. Though it would fulfill the needs of some people and give them jobs, it would not have any positive effect on economic development. The money spent on gambling, tours, travels, restaurants would employ some but would not yield any positive outcomes or boost for the economy.

Why don't they have a positive effect? Such a cool city as Las Vegas appeared and exists largely due to gambling. Casinos are just beginning the entire chain of money circulation in the service sector. It is continued by hotels, restaurants, and so on. All these enterprises pay taxes, pay salaries to employees, and place various orders at other enterprises in the state.

[Shasha80]

To be honest, in my opinion online gambling has more negative effects than positive effects. Especially if you get addicted to online gambling,
it not only has a negative effect on ourselves, but people around us can be affected by it. Despite the fact as such, there are some positive
effects from online gambling that can help the global economy. What is certain online gambling will pay tax to the country that legalizes gambling,
this is very helpful for the country's economy. Another thing that can provide great rewards to some people in pandemic situations that make
money are very difficult and the next positive thing is reducing the stress of many people because they have to at home.

[Genemind]

To be honest, in my opinion online gambling has more negative effects than positive effects. Especially if you get addicted to online gambling,
it not only has a negative effect on ourselves, but people around us can be affected by it. Despite the fact as such, there are some positive
effects from online gambling that can help the global economy. What is certain online gambling will pay tax to the country that legalizes gambling,
this is very helpful for the country's economy. Another thing that can provide great rewards to some people in pandemic situations that make
money are very difficult and the next positive thing is reducing the stress of many people because they have to at home.

In business, there is no point weighing if it has more positive or negative effect. Gambling has been part of our culture and businessmen will always find ways to earn and take advantage of gambling as part of our daily lives and culture. We need to face it even with it's negative impact if provides income, tax, job opportunity and entertainment. With the recent pandemic, people are struggling and even the government is finding any means to keep the econony from surviving.

[shoreno]

To be honest, in my opinion online gambling has more negative effects than positive effects. Especially if you get addicted to online gambling,
it not only has a negative effect on ourselves, but people around us can be affected by it. Despite the fact as such, there are some positive
effects from online gambling that can help the global economy. What is certain online gambling will pay tax to the country that legalizes gambling,
this is very helpful for the country's economy. Another thing that can provide great rewards to some people in pandemic situations that make
money are very difficult and the next positive thing is reducing the stress of many people because they have to at home.

In business, there is no point weighing if it has more positive or negative effect. Gambling has been part of our culture and businessmen will always find ways to earn and take advantage of gambling as part of our daily lives and culture. We need to face it even with it's negative impact if provides income, tax, job opportunity and entertainment. With the recent pandemic, people are struggling and even the government is finding any means to keep the econony from surviving.

this isnt for the business only but its for general  . many things can cause addiction aside from thier benefits but the op already said that gambling does not really differ from the others and i agree with it  .

 all forms of addiction are the same and all causes you to play more or use that thing more   . gambling cant help kickstart the economy yet because we are still in the middle of the crisis and almost all forms of business are still not allowed to operate  .

[michellee]

What other positive things can you think of that online casinos can add to the global economy?

Aside from taxes, gambling, may it be online or land base provides jobs to people.  Furthermore, gambling industry is active in funding charities.  Aside from that, I do not see any more positive things that it can add to the global economy.  Entertainment is already given so it is not worth mentioning.

The important thing is the casino can give employees jobs again after the pandemic, so people can back to work to their jobs. People will have an income as the employee, and they can buy their daily needs. If people can have money and buy their needs, the economy in that city or country will start, and soon, the situations will become stable as before. However, they need to follow the government's rule because we are still in the pandemic.

[Twinkledoe]

What other positive things can you think of that online casinos can add to the global economy?

Aside from taxes, gambling, may it be online or land base provides jobs to people.  Furthermore, gambling industry is active in funding charities.  Aside from that, I do not see any more positive things that it can add to the global economy.  Entertainment is already given so it is not worth mentioning.

The important thing is the casino can give employees jobs again after the pandemic, so people can back to work to their jobs. People will have an income as the employee, and they can buy their daily needs. If people can have money and buy their needs, the economy in that city or country will start, and soon, the situations will become stable as before. However, they need to follow the government's rule because we are still in the pandemic.

And if you are talking with online gambling, employees or staff can do their work even at the comfort of their home. So that's a big plus for these employees, they don't need to struggle to commute. Maybe only those critical issues that need physical presence on their office is needed but all the other else, they can pretty much attend remotely.
But if we are concerned about how it affects the economy in general, I think it is more on taxes paid by the sites to the government.

[alani123]

Online gambling takes money out of the economy. Online casinos have a high potential for profit, growing by the number of players. But the amount of players increasing doesn't mean they contribute more to the economy or higher more workers. It's not a labor intensive industry, nor does it depend to third party services to a great extent.

When the economy starts recovering, it'd be a bad move to promote gambling. Surely it's a fun past time, but it's nothing more than an illusion that gambling will be the force to help the world's economy recover after a pandemic.

[freedomgo]

Most people would say, gambling is a destructive activity and that it only destroys lives...

Maybe some because there are more people who gambles than those who don't.

Casino is only bad if we don't have the discipline, that's why there's limitations in a casino but it's still depends on the gambler itself as casinos are profit oriented, they would want you to gamble more.

here's the reality, casinos makes money not because of a certain gamblers losing money but because of the volume of gamblers they have, so it would be very helpful if gamblers will think of gambling as an entertainment as that way government will not feel the guilt while they continue making money through taxes.

[Botnake]

Most people would say, gambling is a destructive activity and that it only destroys lives...

Maybe some because there are more people who gambles than those who don't.

Correct, because there are millions of people who are still betting on lottery, so that reality says about the word most.

Casino is only bad if we don't have the discipline, that's why there's limitations in a casino but it's still depends on the gambler itself as casinos are profit oriented, they would want you to gamble more.

here's the reality, casinos makes money not because of a certain gamblers losing money but because of the volume of gamblers they have, so it would be very helpful if gamblers will think of gambling as an entertainment as that way government will not feel the guilt while they continue making money through taxes.

Casinos does not care about the outcome of a gambler's life, they just want you to bet and will not ask how did you produce the money, but the government did care, if they are seeing that it's destroying the lives of the people, then they might make some measures to minimize the gambling activity of the people by putting some limitations, or worst is banning gambling.

[Darker45]

Most people would say, gambling is a destructive activity and that it only destroys lives...

Maybe some because there are more people who gambles than those who don't.

Correct, because there are millions of people who are still betting on lottery, so that reality says about the word most.

This is an interesting claim. But do we have the actual numbers on this?

With all due respect, I don't agree that there are more gamblers than not. And I am almost 100% sure about it. Probably not even in Macau.

Casino is only bad if we don't have the discipline, that's why there's limitations in a casino but it's still depends on the gambler itself as casinos are profit oriented, they would want you to gamble more.

here's the reality, casinos makes money not because of a certain gamblers losing money but because of the volume of gamblers they have, so it would be very helpful if gamblers will think of gambling as an entertainment as that way government will not feel the guilt while they continue making money through taxes.

Casinos does not care about the outcome of a gambler's life, they just want you to bet and will not ask how did you produce the money, but the government did care, if they are seeing that it's destroying the lives of the people, then they might make some measures to minimize the gambling activity of the people by putting some limitations, or worst is banning gambling.

Uh-uh, the government will intervene if the gambling establishments are not paying the right amount of tax, or are not declaring their revenue honestly, or are offering more than what they are legally allowed. But for as long as they are doing their business properly, the government will not care whether these establishments are thriving thanks to hundreds of thousands of losers, whether breadwinners are going home with lesser take home pays due to their gambling activities, whether ordinary employees are buried in debt due to poor personal gambling discipline, and so on.

[aioc]

What other positive things can you think of that online casinos can add to the global economy?

Our government is the one running our gambling casinos all revenues are going to the government coffer, and because of this our government is capable of giving our citizens basic needs like hospital and medical attention, casinos now in pandemic is such a big help to kick start our economy 

[MCobian]

Do not underestimate the role of online gambling on the economy, because since the economic crisis occurred due to the corona virus.
Only online gambling which keeps running and doesn't close. Even some big online gambling around the world, help the global economy
by paying taxes quite large and also provides income for users who are lucky to be able to win gambling.

[maydna]

Our government is the one running our gambling casinos all revenues are going to the government coffer, and because of this our government is capable of giving our citizens basic needs like hospital and medical attention, casinos now in pandemic is such a big help to kick start our economy 

The revenue from many fields can back to the government, so the government can build or distribute the money to the public to help people who need it. If much more government can do that, people will not suffer for waiting from the help because if they are sick, they can go to the hospital, and the paramedic will directly help them without thinking about how much money they have.

If online gambling can contribute like that, I am sure the government revenue will be bigger because online gambling has much income at this pandemic.

Do not underestimate the role of online gambling on the economy, because since the economic crisis occurred due to the corona virus.
Only online gambling which keeps running and doesn't close. Even some big online gambling around the world, help the global economy
by paying taxes quite large and also provides income for users who are lucky to be able to win gambling.

If online gambling can keep that, they can help people from their taxes, which they give to the government. I think the tax amount is big, so that can be a way for the government to get their money as the tax. Or online gambling can donate their income to the people who need it by cooperation with charities.

[skarais]

The tax generated from gambling sites will only benefit countries that have legalized gambling activities and the scale is still national. Because not all countries legalize gambling, global economic growth from gambling taxes I think is still difficult to happen. The result obtained by the government of a country which has legalized gambling will be used in various sector and can stimulate economic improvement for citizen such as infrastructure development and new job creation.

Do not underestimate the role of online gambling on the economy, because since the economic crisis occurred due to the corona virus.
Only online gambling which keeps running and doesn't close. Even some big online gambling around the world, help the global economy
by paying taxes quite large and also provides income for users who are lucky to be able to win gambling.

Understandably, because gambling is one of the most potential places to make money for the government through taxes, it is not surprising that this money will also be used to help the economy.

[carlisle1]

What other positive things can you think of that online casinos can add to the global economy?

To be honest ?i don't think Gambling either online or real casino can help economy for now because gamblers must not be tolerated at this moment instead all their money must be used in rightful way and that is to feed their family or to help other so for the mean time?let us not focus in gambling but instead let use our time and money in more productive things.

[Ziskinberg]

If the government would listen to these people who are against gambling, there's no way the government will progress.
In some countries, their economies have improve because they allow gambling businesses to operate in their country, and these operators are coming from a country who ban gambling, particularly in China, so other countries take this as an opportunity.

[michellee]

The important thing is the casino can give employees jobs again after the pandemic, so people can back to work to their jobs. People will have an income as the employee, and they can buy their daily needs. If people can have money and buy their needs, the economy in that city or country will start, and soon, the situations will become stable as before. However, they need to follow the government's rule because we are still in the pandemic.

And if you are talking with online gambling, employees or staff can do their work even at the comfort of their home. So that's a big plus for these employees, they don't need to struggle to commute. Maybe only those critical issues that need physical presence on their office is needed but all the other else, they can pretty much attend remotely.
But if we are concerned about how it affects the economy in general, I think it is more on taxes paid by the sites to the government.

Yes, that will be an advantage for the employees or staff because they don't have to go to their office. I think they can solve the issues from home if something happens but if everything is fine, they will not have to go to their office. The taxes will be concerned for the government, but in the new normal like now, the taxes will be paid from the business owner because when the online casino can still get revenue from their business.