Why should Gambling be legalized ?

[fiulpro]

Time and again we have heard numerous arguments from economists and the government regarding the pros and cons of legalization of the Gambling industry, let us discuss some of them here.
{This does not exclude the cons as well, but let's discuss about the pros here}

What can legalization do for the economy?
- It can definately help the government with high tax revenues which is never Outlooked and this can help with overall economic development of any country for that matters.
- It can help in Job creation as well, since it's a big industry and people would be more engaged
- It can reduce the need for illegal gambling which means they won't have to use illegal methods or whatsoever
- Gambling cannot be controlled, at the end of the day people would find a way therefore it's best if it's regulated by the governmental bodies

There can be other social benefits during the time of Covid where people have to supposedly entertain themselves at their own homes and they won't have to visit casinos in person.

What else do you think could be the benefits ??

[South Park]

Time and again we have heard numerous arguments from economists and the government regarding the pros and cons of legalization of the Gambling industry, let us discuss some of them here.
{This does not exclude the cons as well, but let's discuss about the pros here}

What can legalization do for the economy?
- It can definately help the government with high tax revenues which is never Outlooked and this can help with overall economic development of any country for that matters.
- It can help in Job creation as well, since it's a big industry and people would be more engaged
- It can reduce the need for illegal gambling which means they won't have to use illegal methods or whatsoever
- Gambling cannot be controlled, at the end of the day people would find a way therefore it's best if it's regulated by the governmental bodies

There can be other social benefits during the time of Covid where people have to supposedly entertain themselves at their own homes and they won't have to visit casinos in person.

What else do you think could be the benefits ??

Taking away an industry for the organized crime is really important as well, if gambling is legalized then it means that anyone with the necessary funds can create a casino, but if it is illegal then only those that move on the underground world would do so, keeping all of the profits of the industry by themselves without paying taxes and making them even more powerful than they are.

Another benefit is that if gambling is made legal then the games can be regulated and casinos will have no incentive to cheat their customers or they will lose their license, something that is not possible to do if gambling is illegal.

[wheelz1200]

Time and again we have heard numerous arguments from economists and the government regarding the pros and cons of legalization of the Gambling industry, let us discuss some of them here.
{This does not exclude the cons as well, but let's discuss about the pros here}

What can legalization do for the economy?
- It can definately help the government with high tax revenues which is never Outlooked and this can help with overall economic development of any country for that matters.
- It can help in Job creation as well, since it's a big industry and people would be more engaged
- It can reduce the need for illegal gambling which means they won't have to use illegal methods or whatsoever
- Gambling cannot be controlled, at the end of the day people would find a way therefore it's best if it's regulated by the governmental bodies

There can be other social benefits during the time of Covid where people have to supposedly entertain themselves at their own homes and they won't have to visit casinos in person.

What else do you think could be the benefits ??

Taking away an industry for the organized crime is really important as well, if gambling is legalized then it means that anyone with the necessary funds can create a casino, but if it is illegal then only those that move on the underground world would do so, keeping all of the profits of the industry by themselves without paying taxes and making them even more powerful than they are.

Another benefit is that if gambling is made legal then the games can be regulated and casinos will have no incentive to cheat their customers or they will lose their license, something that is not possible to do if gambling is illegal.

That's exactly it.  If people want to gamble and it's illegal they still Will find a way to gamble.  It funds criminal organizations while not creating revenue streams for governments.  To me its a no brainer.  People with addictive downfalls can also be regulated whereas in an illegal system, they will run people dry and leave em in the gutter.  There are way more pros than cons with this one.

[coupable]

What can legalization do for the economy?
- It can definately help the government with high tax revenues which is never Outlooked and this can help with overall economic development of any country for that matters.
- It can help in Job creation as well, since it's a big industry and people would be more engaged
- It can reduce the need for illegal gambling which means they won't have to use illegal methods or whatsoever
- Gambling cannot be controlled, at the end of the day people would find a way therefore it's best if it's regulated by the governmental bodies

You have already highlighted its benefits. This brought me to think about the gambling legal situation in my country ; i live in an islamic country (islamic means that gambling is prohibited by religion) so the government monopolize the sector with one single institution running for football bets and horse ricing, while it's not possible for individuals to lunch their own projects or use any other platform online.
Actually, users started using online casinos which reduce the traffic to the governmental gambling institution. Unfortunately, the government isn't aware about this and still pay for its employers without even getting benefits like before .

[perla]

Gambling is allowed in many countries. There are a lot of conditions attached to it. If gambling in a country is legal, it does not automatically mean that you can also offer gambling there. Just look at the Netherlands, they recently issued permits through their own committee. Gambling was not allowed in the Netherlands, but many players could still register on different sites. It also depends on which license you have. Malta was much possible I thought. Now, its much more difficult. But you can avoid the black circuit if you make it legal.

[Oceat]

What can legalization do for the economy?
- It can definately help the government with high tax revenues which is never Outlooked and this can help with overall economic development of any country for that matters.
- It can help in Job creation as well, since it's a big industry and people would be more engaged
- It can reduce the need for illegal gambling which means they won't have to use illegal methods or whatsoever
- Gambling cannot be controlled, at the end of the day people would find a way therefore it's best if it's regulated by the governmental bodies

You have already highlighted its benefits. This brought me to think about the gambling legal situation in my country ; i live in an islamic country (islamic means that gambling is prohibited by religion) so the government monopolize the sector with one single institution running for football bets and horse ricing, while it's not possible for individuals to lunch their own projects or use any other platform online.
Actually, users started using online casinos which reduce the traffic to the governmental gambling institution. Unfortunately, the government isn't aware about this and still pay for its employers without even getting benefits like before .

Just like what @South Park said not legalizing casino will make most of the people to go to the underground world of gambling which won't benefit the economy of the nation. But on your problem it's different and I think I've read something like this before like (I don't know which country is that but it's an Islamic country) and the monopoly is too rampant like they have a single product which is priced in a normal price but when it came to a different product like a quality product, the price is doubled or triple. So, it's not surprising that even the taboo games is being monopolized by your government. It seems that the corruption of these countries are unstoppable and if no one could control or stop this then your country might fall hard in the future.

[Fatunad]

What else do you think could be the benefits ??

Benefits could really be mainly in talks of revenue or in tax which we know that it could really be always beneficial on a certain country but we know that there are places on the world
which do bans or prohibits gambling and they dont mind about revenue or tax that it could possibly give which they could get on other various industries which we cant really blame
them off if they do want or like to protect their citizens from gambling addiction thats why decisions will vary on each government that handles out a particular country.

[milewilda]

What else do you think could be the benefits ??

Benefits could really be mainly in talks of revenue or in tax which we know that it could really be always beneficial on a certain country but we know that there are places on the world
which do bans or prohibits gambling and they dont mind about revenue or tax that it could possibly give which they could get on other various industries which we cant really blame
them off if they do want or like to protect their citizens from gambling addiction thats why decisions will vary on each government that handles out a particular country.

Taxation

You are definitely on point on this one and this is one of the common reason on why they legalized gambling businesses to operate into their vicinity.Of course there would be some sort of gambling warnings for their citizens not to be addicted that much but well this one cant really be avoided and this is where this business is really a profitable one and which means that it would be more
revenue or tax for government to take.

If gambling was banned or not legalized then expect that there would really be illegal places or operations around which would be typical.

[dothebeats]

The obvious reason is the monetary gains that the government can get on legalizing gambling. It also opens up jobs to a lot of people which further helps up the economy in some way. However, there are some drawbacks to legalizing it, and I know a lot of us know what those are. First is addiction, and then debts. Also, there are still some countries that are pretty conservative when it comes to gambling talks, like Muslim countries that do not promote nor consent gambling in any way or form. The negatives certainly outweighs the benefits when it comes to Muslims on talks about gambling, and there is no way to convince them otherwise.

[timerland]

You pretty much hit the nail on its head.

The fact of the matter is that gambling is one of the most primitive human behaviours, and you simply cannot restrict it from happening.

You can try to regulate it by legalizing it, and you're more likely to curb problem gamblers as you are able to identify them at an earlier stage.

[Zilon]

The pros of gambling is less than the crons and as such most government of some countries still find it difficult to legalize gambling in their country as it is causing more depression and sucidal attempt by gamblers who might have lost huge amount in the cost of gambling. The only benefit I will say gambling guarantees is the fun and not many are willing to play for the fun some play with high level of greed staring up losts of emotional concern by giver agencies which keeps them skeptical about legalizing it

[samcrypto]

First, we should know which country we are talking about here since some countries are too strict and they also respect their religious belief so I don’t think legalizing Gambling can really benefit them.

Gambling has a pros and cons, every government knows this one and that’s why you can easily gamble on many countries because the government is benefiting from that while some are still not. Maybe its better to educate more people first about the effect of gambling because for me there’s no good effect to gamblers in long term, you’ll just lose money and become addict.

[johhnyUA]

- Gambling cannot be controlled, at the end of the day people would find a way therefore it's best if it's regulated by the governmental bodies

There two sides of this statement: For example, if gambling is prohibited, most of people will not gamble, or gamble less (because there a lot of another activities). This that was in my country before gambling legalization.
From another side, you're true that it much better when it's regulated by with clear and fair rules. In that case this will be just another branch of useful economy activity in country

[hello_good_sir]

The biggest reason imo is just that people are more likely to be offered some form of consumer protection.

E.g. they are able to play at a provably fair casino that is regulated instead of a shady one in some street corner.

That, in my opinion, is the best thing that the government can do instead of restricting all access to gambling.

[KTChampions]

Time and again we have heard numerous arguments from economists and the government regarding the pros and cons of legalization of the Gambling industry, let us discuss some of them here.
{This does not exclude the cons as well, but let's discuss about the pros here}

What can legalization do for the economy?
- It can definately help the government with high tax revenues which is never Outlooked and this can help with overall economic development of any country for that matters.
- It can help in Job creation as well, since it's a big industry and people would be more engaged
- It can reduce the need for illegal gambling which means they won't have to use illegal methods or whatsoever
- Gambling cannot be controlled, at the end of the day people would find a way therefore it's best if it's regulated by the governmental bodies

There can be other social benefits during the time of Covid where people have to supposedly entertain themselves at their own homes and they won't have to visit casinos in person.

What else do you think could be the benefits ??

I think that the main benefit that an official can do is to fuck off and not interfere with me (an adult capable person) from doing what I myself think is necessary. All other arguments have an unpleasant background in that this is a certain kind of bargaining of freedom in exchange for the benefits of an ephemeral society. Initially, I do not like this way of posing the question.

[DoublerHunter]

~snip~
The obvious reason is the monetary gains that the government can get on legalizing gambling.

^ Definitely right, because of the monetary gains, the government will be under control based on their jurisdiction.
We know that any business industry should pay tax, all involved financially should pay tax. That is why gambling casinos should be taxed. I remember when after lockdown due to pandemics, while the government did not recover yet, they announced that the gambling business can operate backend I know the intended just because of the money they will get.

[crzy]

What can legalization do for the economy?
- It can definately help the government with high tax revenues which is never Outlooked and this can help with overall economic development of any country for that matters.
- It can help in Job creation as well, since it's a big industry and people would be more engaged
- It can reduce the need for illegal gambling which means they won't have to use illegal methods or whatsoever
- Gambling cannot be controlled, at the end of the day people would find a way therefore it's best if it's regulated by the governmental bodies

Gambling is a good business that can generate huge money to the government, many are already working with this one while some country are still not because of so many belief and restriction. If this industry can really help economy then I believe other countries have to study this one, and consider every possibilities. Though there are still many illegal gambling in my country even if gambling is legal, I just don't know the reason for this and maybe they are all avoiding to pay huge taxes.

[Kyraishi]

Time and again we have heard numerous arguments from economists and the government regarding the pros and cons of legalization of the Gambling industry, let us discuss some of them here.
{This does not exclude the cons as well, but let's discuss about the pros here}

What can legalization do for the economy?
- It can definately help the government with high tax revenues which is never Outlooked and this can help with overall economic development of any country for that matters.
- It can help in Job creation as well, since it's a big industry and people would be more engaged
- It can reduce the need for illegal gambling which means they won't have to use illegal methods or whatsoever
- Gambling cannot be controlled, at the end of the day people would find a way therefore it's best if it's regulated by the governmental bodies

There can be other social benefits during the time of Covid where people have to supposedly entertain themselves at their own homes and they won't have to visit casinos in person.

What else do you think could be the benefits ??

The tax revenue argument is one of the key ones.

A reasonably taxed gambling environment can easily generate billions in revenue for the government that can go into education, hospitals, etc. It's really a win-win situation given that the players are also offered more protection, and stricter self-exclusion schemes.

But most governments are simply not bothered to instate these regulations and legalize things.

[dbc23]

~snip~
The obvious reason is the monetary gains that the government can get on legalizing gambling.

^ Definitely right, because of the monetary gains, the government will be under control based on their jurisdiction.
We know that any business industry should pay tax, all involved financially should pay tax. That is why gambling casinos should be taxed. I remember when after lockdown due to pandemics, while the government did not recover yet, they announced that the gambling business can operate backend I know the intended just because of the money they will get.

Outside taxation which is the key reason why most government would seek to legalize gambling so far gambling has become a means of livelihood for so many and as job scarcity keeps increasing in some part of the world many choose to switch to gambling as an alternative so the don't go stranded. It would be a bit fair if gambling gets full legalization so it doesn't look illegal in some part of the world

[Yogee]

It's all about money as you and everyone said. The others are just secondary. The funny thing here is they put up warnings and rehabs for addicts while earning from these gambling establishments. It's not too different from the alcohol or cigarette industry.

... but we know that there are places on the world
which do bans or prohibits gambling and they dont mind about revenue or tax that it could possibly give which they could get on other various industries which we cant really blame
them off if they do want or like to protect their citizens from gambling addiction thats why decisions will vary on each government that handles out a particular country.

Is it a complete ban on gambling or just a select few? Can you tell me those countries with zero revenue from the gambling industry? There are countries that bans all forms of online gambling but they still allow land based casinos to operate.