Why should Gambling be legalized ?

[icopress]

Only those gambling sites that want to scam people, may oppose this legalization.

It is not enough to just legalize the gambling business .... you need to create real regulation. Here's an example ... about a hundred online bookmakers are active in my country, and a year has passed since the law on legalization was passed. And do you know how many bookmakers are now officially working? Only 1 (sad truth) ... since no one will pay taxes until there is adequate and effective regulation, (I mean that in most countries it is not even necessary to oppose legalization, since the gambling business still remains part of the shadow economy). 

[Smartprofit]

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 entire global financial system is undergoing transformation. 

For example, the US has a huge external debt.  This is a huge problem!  China and Russia are seeking self-isolation.  Automation and robotization threaten human work.  In the long term, this can lead to an increase in unemployment. 

Capitalism is in a systemic crisis.  In this situation, the likelihood of popular uprisings and revolutions increases.  The legalization of the gambling business can soften this process.  Play is a basic human need.  This is as important as food, air and water.  Gambling can reduce stress in people. 

I think in the Metaverse, gambling will be very widespread and completely legal.

[coin-investor]

Tax and job generation are two of the big factor, gambling is an industry that supports other industry they are also a big tourist attraction, many tourists prefer countries with gambling casinos, that is why there are casinos that only caters to tourist, casinos do not only bring government revenue from their taxes but also from companies and individuals that rely upon casinos, this is one big reason why government legalizes gambling, the advantage outweighs the disadvantages.

[Sled]

Tax and job generation are two of the big factor, gambling is an industry that supports other industry they are also a big tourist attraction, many tourists prefer countries with gambling casinos, that is why there are casinos that only caters to tourist, casinos do not only bring government revenue from their taxes but also from companies and individuals that rely upon casinos, this is one big reason why government legalizes gambling, the advantage outweighs the disadvantages.

As more tourists come, more casinos going to open. Not only the government were benefiting from this and I have to agree that the whole community is into it. Job opportunity and taxes where is the top reason why the government is looking to legalize gambling. And they are not wrong with their decision and not just having these things jobs and taxes, but this also helps nearby establishment to increase their sales and make a good profit as well.

[michellee]

The other benefits of gambling may be will give the way to kill boredom for people while they still stay at their home during this Covid are at everywhere. But if people do not have control over themselves, I am afraid that can trigger a new problem: people can become addicted to gambling. Besides benefits, there will be a non-benefit that we will see happen to some people as they will not have the same way to control themselves.

If the government wants to legalize gambling in their country, they need to be ready to see the increase in the number of people who will come to the gambling industry and need to know or find out how to solve that thing if it happens.

[Davidvictorson]

Tax and job generation are two of the big factor, gambling is an industry that supports other industry they are also a big tourist attraction, many tourists prefer countries with gambling casinos, that is why there are casinos that only caters to tourist, casinos do not only bring government revenue from their taxes but also from companies and individuals that rely upon casinos, this is one big reason why government legalizes gambling, the advantage outweighs the disadvantages.

As more tourists come, more casinos going to open. Not only the government were benefiting from this and I have to agree that the whole community is into it. Job opportunity and taxes where is the top reason why the government is looking to legalize gambling. And they are not wrong with their decision and not just having these things jobs and taxes, but this also helps nearby establishment to increase their sales and make a good profit as well.

These are great points made. And from a business perspective I do agree with the points. However, I don't think is can be generalized. This is because it is not in every country that tourists go that have casinos. Some tourists do not even care about casinos, they go to do any other fun stuff. Well, what i think should happen is that it should be highly regulated by the government not just because of the taxes and revenue that it will accrue but more because of those who will put profit above the those who are addicted to gambling.

[bitzizzix]

Tax and job generation are two of the big factor, gambling is an industry that supports other industry they are also a big tourist attraction, many tourists prefer countries with gambling casinos, that is why there are casinos that only caters to tourist, casinos do not only bring government revenue from their taxes but also from companies and individuals that rely upon casinos, this is one big reason why government legalizes gambling, the advantage outweighs the disadvantages.

As more tourists come, more casinos going to open. Not only the government were benefiting from this and I have to agree that the whole community is into it. Job opportunity and taxes where is the top reason why the government is looking to legalize gambling. And they are not wrong with their decision and not just having these things jobs and taxes, but this also helps nearby establishment to increase their sales and make a good profit as well.

Yes, taxes from casinos can help the development of the country because of taxes and can also create jobs for those who are still unemployed, and besides that the city will be rich and the economy will be good. because there will be many traders and others who are looking for income there because there are many tourists and other players.
It's unfortunate that casinos are still illegal as bookies will open a gambling business in the country that grants the license and another country that gets taxes from the casino.

[hahay]

The benefits of so of course the main one is profit and an entertainment, but if it covers many things then I think it depends on how big the gambling or casino is built. If it's just a small place that means it's only about individual bookies, then we can't be sure whether they will hire someone else or not. But if there are many casinos built which of course require a lot of employees, then of course this will benefit a lot of people as well as big income for taxes.

[madnessteat]

In my opinion legalization of gambling is a very good solution only if the land-based casinos are allocated separate zones where gamblers come as it is done in Las Vegas. If casinos will be placed on every corner in every city it's more likely to bring more problems than benefits to both the state and citizens.

[mu_enrico]

Yes, it's much better if gambling is legal. With the legal status, there will be rules/regulations that casino must obey. This will lead to better casino quality and then fewer people getting rekt by crappy provider. One example is about RTP. Once the rule states that RTP must not below 95%, it will massively affect the industry and turn it into a more fair industry. No more "scam" casino offering low RTP that will suck your money quick.

Another important thing is about arbitration, where dispute can be settled easier because the rule is clear. No more scam casino refusing to pay your winnings (if it's legit).

[noormcs5]

Only those gambling sites that want to scam people, may oppose this legalization.

It is not enough to just legalize the gambling business .... you need to create real regulation. Here's an example ... about a hundred online bookmakers are active in my country, and a year has passed since the law on legalization was passed. And do you know how many bookmakers are now officially working? Only 1 (sad truth) ... since no one will pay taxes until there is adequate and effective regulation, (I mean that in most countries it is not even necessary to oppose legalization, since the gambling business still remains part of the shadow economy). 

If you have knowledge of those bookmakers, why not play your part and report them to the authorities?

You have this information that many bookmakers are working in your country and not getting registered even though gambling is regulated in your country. This means that law enforcement agencies also have this first hand information and not taking any action against them ? or are they paying bribes to continue their illegal business  

[KTChampions]

In my opinion legalization of gambling is a very good solution only if the land-based casinos are allocated separate zones where gamblers come as it is done in Las Vegas. If casinos will be placed on every corner in every city it's more likely to bring more problems than benefits to both the state and citizens.

You can look at this from the other side - why should I suffer and go to hell far to play in a casino due to the fact that someone does not control himself and spends all his money in the casino if it is next to him? I see here a great infringement of my rights on the basis that someone is unreasonable. Maybe it is worth infringing on the rights of those who are unreasonable and not those who are normal?

[Gozie51]

IMO I think it will help the economy greatly because of tax that will be collected from it. That is if we look in the direction of revenue to the government purse that will grow tremendously as it will add to business running legally in the country and followed up with every benefit coming into it. However on the part of gamblers , we are going to see increase in addict because there are no more restrictions, no limitations or hiding to gamble. More youths will gamble but few will benefit in it.

[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 ??

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.

Quite a funny experience I would like to share. I was in highschool and my maths tutor was actually running an underground business of betting on sports, mainly cricket and he would even randomly ask kids to bet as well! Betting on sports is illegal in India. He apparently got arrested for it, he came back, did it again!!
Plus this time he again involved students as well, if it was legal he could definately run a business on a bigger scale with 18+ ofcourse, plus the police would be able to monitor him as well and it would not be so hard to keep a track of other small illegal business, the government can also earn taxes from it!! Therefore that time I realized what's needed to be done sooner or later : rightful legalization !! Better regulations!! Better control!!! It's quite a funny story tho, math tutor by the day and had his whole tiny casino by night

[FanEagle]

- 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

If you notice in depth, the above points are dealing about the revenue from gambling but not considering about the personal losses of individual gamblers.

In my opinion, government got hundreds of other methods to generate revenue hence making individual to suffer to generate does not sound good to me. Similarly, by considering the negative consequences of gambling addictions, I guess even if 50% of people do get benefits from gambling like job should be ignored.

- 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

No, in long run, with new generations illegal gambling may not remain as popular as we could assume. So, banning gambling definitely bring positive improvement rather than assuming about illegal gambling's glory.

[Lucasgabd]

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I think in the Metaverse, gambling will be very widespread and completely legal.

even if governments try to regulate or make it forbidden, descentralized applications will be unstopabble so they'll have no way to control it

for me the biggest concern is that technology develops at a fast peace than ethics
we build the highest building and reach the moon, but still didn't solve poverty and hunger in the world

I think the gambling industry will be fine and we'll probably see it getting bigger over the next years with the metaverse trend, the thing will be teaching people its pros and cons

[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 .

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.

I don't think this particular situation of gambling in my country (or any other islamic country with the same conditions) is caused by corruption. We have already two big casinos in touristic zones which are administradted by foreigners (Two Italian investors) and it's only opened for tourists having another nationalities.
I don't agree with you that legalizing gambling will make most of the people go to the underground-world of gambling. Take the example of countries where gambling is legalized , it's another branch in the economy that can help improve the economy by applying taxes over casinos themselves and for winner gamblers as well. I my country for instance, the taxe for contest winnings and gmblers is fixed at 25%.
I really wish the legalisation will take place soon , but the main problem is the conservative politicians who will never accept such an advanced law project. They even try to cancel the existing one .

[Tumanggor]

~

What else do you think could be the benefits ??

The last benefit is of course a rehabilitation center for gambling addicts will be provided by the government which in their country has legalized gambling

When gambling is legal, it is certain that many people will become heavy addicts and it can be very dangerous, so it is the state's obligation to provide rehabilitation centers for rehabilitation

unlike in countries where gambling is legal, the addicts have to spend their own money to recover

[Fortify]

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 ??

One of the greatest examples of legalizing such things is the era of alcohol prohibition a long time ago in America - it just ends up driving the trade underground and increasing the costs for an activity that any responsible adult should be able to choose. I think the war on drugs in another big example, although some of the harder drugs do need some restricting (or education), because it absolutely fails and wastes billions of taxpayer money year after year. If that money were put into programs which could support people who have a drug problem or the reasons that might lead someone to do drugs (or gamble) then it would be a problem that cleaned up itself. At least many states in the US are starting to wake up to this fact and slowly starting to raise money in taxes instead of pushing gamblers elsewhere.

[chaser15]

- It can help in Job creation as well, since it's a big industry and people would be more engaged

This is by far the best reason for me why gambling should be legalized. It can create more jobs and increase the employment rate in a certain country. Since then, one of the biggest problems that any country is facing is the worst unemployment rate. Since the gambling industry is vast, imagine how many people can be benefited from the legalization of gambling whether it's from small gambling operators or large.