The Pros And Cons Of Legalized Gambling

Legalizing Gambling
The Pros of Legalized Gambling
The single biggest benefit of legalized gambling is the rise that the tourism industry of the country will experience. People will undoubtedly flock to this region from all around the world, and this will boost many different parties in various ways. This will inevitably lead to a rise in employment opportunities in the region as well, and the economy will grow as a result. Casinos and gambling houses are required to pay pretty high taxes, and this is another area that the Government will benefit from. The resulting increase in the tax revenue due will also lower the tax burden on other sources, and this will be welcomed by other citizens of the country as well.

Along with casinos and gambling houses, many restaurants and hotels would also arise in the region which would prove beneficial to many people. This would lead to many new jobs opening up, it would lead to greater diversity in a certain region and it would definitely lead to a rise in the standard of living of everyone involved.

The Cons of Legalized Gambling …show more content…
These are people who have no control over their urges and try to dupe casinos through illegal means. Not only do they cause problems in casinos, they also cause issues in their homes and in other areas around the casinos which is one of the most widespread negative effects of gambling. The crime rate in the region will rise because of all this, and so will other illicit activities like money laundering, counterfeit money and arms trading. It has also been noted that suicide rates are higher in areas where gambling has been