How can online gambling help to kickstart the global economy?

[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.

[l3pox]

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.

[l3pox]

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.