Gambling Pros And Cons

Improved Essays
Jorge D. Leon
Mrs. Martinez
English 3
3/31/16
Gambling
“Casino gambling is colorful and dramatic and theatrical” – Steve Wynn is correct because there is so much more to casinos, and this is all made possible by gambling (Gambling Quotes). Gambling is a HUGE controversial topic, because they are the supporters who see all the advantages of gambling and the critics of gambling who say that it is a bad thing because it can lead to addiction and sometimes even depression. However gambling is a huge powerhouse of this economy. Even though some people may argue that gambling causes addictions and people to lose all their money, the united states needs gambling because all of the huge benefits of it. Such as all the jobs the casino industry make,
…show more content…
That means that more casinos will open and with more casinos opening, more jobs will be created. In Las Vegas alone, casinos have hired 169,167 people (Topic: Casino Industry). Since all these jobs will be created a lot of money will be able to go into circulation and will be able to bring up the economy as a whole. For example people will have money and since people have more money they will spend more money and since people are spending more money more jobs will be required and more opportunities will appear. Another plus about the fact that gambling brings so much money and creates money is the taxes. And since gambling is able to produce a huge profit for the state they are able to make their cities look better and be able to attract more tourist to their state. For example in Pennsylvania the national tax revenue for commercial casinos is 2.45billion (Topic: Casino Industry). Even though this might seem impressive it is a pretty normal number for the gambling industry. Why you might ask, well it is because gambling is one of the longest known hobbies, dating back to 40,000 years ago (The History of Gambling). Also since casinos are an amazing way of generating profit it is able to pay that many taxes the city will grow as a whole and more things will be able to move into the city, such as a six flags and other things. Another thing about gambling is that is an excellent way to escape and …show more content…
For example gambling is able to bring people together and help them relive stress, help rekindle a lost friendship or even maybe star a new relationship. Another reason gambling is good for the economy is because it employs many people. In Nevada alone there are 167,169 people employed by casinos. (Topic: Casino Industry). Another reason is that gambling brings in a huge amount of taxes to the state and, if the city or state has more money it will be able to fix up the city, make renovations or maybe even build more tourist attractions! Lastly Gambling is the back bone of the United States because of all the advantages it provides. Even though some people may not agree because gambling is extremely addicting. It is honestly the addicts fault they do not have to spend there money like that they can go and spend it any other ways but if they choose to spend it like this its their problem and if they truly have that much of a problem that they cant control themselves they should invest in an accountant so they can manage their

Related Documents

  • Great Essays

    Something to take into consideration is the socioeconomic impact of the gambling industry. The casino gaming industry is one of the fastest growing industries. Legalizing gambling has been a catapult for the industry of casino gaming, giving people more opportunity to do what they have been doing for centuries. Gambling had always been a booming industry but since it was illegal, it fell underground and off the books. Gambling has been an addiction for many people all around the world for as long as civilization existed.…

    • 1711 Words
    • 7 Pages
    Great Essays
  • Improved Essays

    Although over the counter drugs can provide a large amount of revenue, prescription drugs can also be extremely profitable, as they are more expensive per unit. Doctors can see this as a way to earn money, and this can lead to corruption in the medical field. The amount of prescriptions given by doctors actually affects their monetary gains, so doctors are always willing to give their patients an unnecessarily large dosage to earn more(Elliot). These examples and other examples are reasons why the pharmaceutical industry nets tens of billions of dollars per year alone, through taking advantage of the system and maximizing…

    • 1113 Words
    • 5 Pages
    Improved Essays
  • Superior Essays

    Big corporations that fund or own casinos will tell people about how gambling develops and helps the economy in positive ways. Gambling helps the economy in multiple ways. In 2013 casinos had revenues of 81 billion dollars, when all of the numbers are counted it comes down to 240 billion dollars, and that’s only in the United States (“Pros of Gambling”). The gambling industry is a huge economical help towards the American dollar as well. Now if there is such a massive industry such as gambling it needs workers to keep it going.…

    • 1716 Words
    • 7 Pages
    Superior Essays
  • Superior Essays

    Las Vegas Case Study Essay

    • 1904 Words
    • 8 Pages

    The city became main focus in order to attract the large business groups to help gain some improvement during traditionally slower periods of the week ( McCracken,1997). Thus , the number of growth of visitor coming are increases because it is an convenient resort location. Apart from that, thus meetings and convention outgrow the Las Vegas Convention Center though it preceeded all of the modern day convention centers of the hotel-casini world and the sector has since become and important source of revenue for the Las Vegas industry. The people so called businessman and businesswomen may enjoy their free time to fit in some activities like entertainment, played gambling in order to release some stress regard on their work. This will give some opportunities to the country in order to build and modified in term of service and accommodation.…

    • 1904 Words
    • 8 Pages
    Superior Essays
  • Improved Essays

    According to worsnop’s article “Gambling Boom” wrote about the impact of gambling and how it affects to sports. Gambling is a few industries that grow the revenue even recession time. Especially, sports gamble is one of the growing industries in today’s gambling industry. Sports gamble make much money because it is difficult to predict the result of the games. Also, if players involved in the gamble, they tend to ban or suspended for a long time.…

    • 197 Words
    • 1 Pages
    Improved Essays
  • Superior Essays

    As we move forward in the transition of power from President Obama to Donald Trump, many Americans are looking at political issues surrounding our nation and our cities. In that, the economy is a huge concern to a large percentage of Americans. In many cities, the prospect of gambling and casinos has come to the attention of government officials, and for good reason. The potential of gaining revenue for the government is the driving factor for this consideration, though many have reservations of its effectiveness based on morals and a list of historic cons. There are points to both sides, but the question is whether or not legal casinos are better or worse overall for the communities that they reside in.…

    • 2104 Words
    • 9 Pages
    Superior Essays
  • Improved Essays

    Consumers with credit can spend more than those limited to cash. More undocumented immigrants paying income and property taxes would help ease the taxpayer strain for the school, healthcare, roads and other services illegals use. Hispanics are one of the largest sources of population growth.They add seven hundred thousand new consumers to the economy every year and six hundred thousands are illegal. This large group are also known as the group, which, owns the most metrical consulars. This large group is able to pay taxes and help with the economy…

    • 798 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Resort casinos are specifically designed and run to cater to the richer upper class people and have standards for who the allow in. These gambling facilities do not have a large impact on the general society because only people who can afford to lose money are allowed in. The other casino type, that draws in the poor and desolate part of the population, has a much larger impact. The casinos that cater to the poorer part of the population use slot machines which incite a player to bet small sums as fast as they can get their fingers to fly by using lots of buttons and lights. After a night at the slots where multitudes of small sums were bet at a rapid pace, people are generally out of a lot of money without actually feeling like they lost a lost because they didn’t “bet enough to lose a lot.” But the real damage is not in the amount of money they spent it’s in the people coming back again and again, in a strategy the gambling joints call “playing to extinction.” The gamblers will come back time and again and bet relatively small sums until their money is effectively extinct.…

    • 2139 Words
    • 9 Pages
    Improved Essays
  • Superior Essays

    Progressive Jackpots Essay

    • 1744 Words
    • 7 Pages

    Article 27 – Should you use your casino bonus on progressive slots? When it comes to slots, the fun of the games on show simply can’t be denied. They provide some of the most exhilarating gambling experiences in the world and have an audience of millions. The biggest plus point of the field in 2015 is undoubtedly the improvements within the fields of progressive jackpots. As the prizes have got bigger so has the number of people claiming casino bonus offers in attempt to win them.…

    • 1744 Words
    • 7 Pages
    Superior Essays
  • Superior Essays

    One of the greatest reasons for legalization is the positive effect it would have on the economy. “For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs (1 Timothy 6:10). In many states where it has already been legalized the economy has been boosted to heights that never thought possible before. The tax on the drug for recreational use is moderate enough to bring in a huge amount of profit.…

    • 2626 Words
    • 11 Pages
    Superior Essays