What are the economic effects of gambling?

[Sike_lottery]

Gambling is a very good and lucrative business for the casino owners, but it is also important to take note of the fact that gambling is also equally a very good business and would have economic impact I would like members of this forum to discuss about the possible economic impact of casinos in the various countries. We are aware of the taxes received by the government of every country from casino companies.

 

[SlotsMaster]

The economic impact of the casino is that it is a good kind of business that everyone would want to venture into if you have the capital because the profitability of the business is quite high and encouraging.

 

[kayode10]

Gambling render the youth lazy. this means that the productive forces of a company or a country engaging in gambling will be less attractive to physical work that brings in inconsistent income. as a result of this search country will be less productive and depend on the important product to consume.

 

[Sike_lottery]

The economic impact of the casino is that it is a good kind of business that everyone would want to venture into if you have the capital because the profitability of the business is quite high and encouraging.

It is true that the economic impact of Casino is quite huge because it has created employment for people who are agents of the casinos and the dealers are also making huge money from it. Government also collect taxes.

 

[Hardexy1]

Gambling is a very lucrative business that has a great profit, everyone are willing to own a betting platform because they know the profit that's in, gambling can boost the economy of a particular country that's it

 

[swift]

It fetches the government more revenues ,but the truth is that too much addiction level of it could actually increase the proverty rate and crime rate which is actually not good for the society in that order ,I think that's something I noticed

 

[Julio88]

Gambling is a very good and lucrative business for the casino owners, but it is also important to take note of the fact that gambling is also equally a very good business and would have economic impact I would like members of this forum to discuss about the possible economic impact of casinos in the various countries. We are aware of the taxes received by the government of every country from casino companies.

The economic effects of gambling are dire for the individual most of the time because of frequent losses, but this venture could seriously boost the economy of a country provided that they are diligent in revenue collection and management of these funds

 

[SlotsMaster]

The economic effect of gambling is that it creates economic development and it provide jobs . The negative impact of Casino is that it creates crime and social problems in areas where they are located.

 

[Sike_lottery]

The economic effects of gambling are dire for the individual most of the time because of frequent losses, but this venture could seriously boost the economy of a country provided that they are diligent in revenue collection and management of these funds

The bad effect of gambling is that it could make you lose all your fund in the blink of an eye and it is extremely one of the most dangerous activities to engage in. if you are addicted, it could make you lose all your fund.

 

[Julio88]

The economic effect of gambling is that it creates economic development and it provide jobs . The negative impact of Casino is that it creates crime and social problems in areas where they are located.

This is exactly the fact of the matter. It is good that you have enumerated both of the positive and negative effects, rather than just touching on the detriments like the majority of the public.

 

[swift]

The economic effect of gambling is that it creates economic development and it provide jobs . The negative impact of Casino is that it creates crime and social problems in areas where they are located.

It really create more crimes and others , I believe that there are some gamblers that particularly involves in gambling to earn more money , and when they are too addicted ,then more problem is created

 

[Julio88]

Gambl

It really create more crimes and others , I believe that there are some gamblers that particularly involves in gambling to earn more money , and when they are too addicted ,then more problem is created

Gambling can contribute positively to the economy of a country as well because they generate review for the government which puts them in an advantageous position by boosting their finances

 

[Lucas_Martin]

They cost companies loss of productivity and profit. Gamblers themselves may suffer from depression and bankruptcy. Some may go into severe debt and suffer anxiety because of it.

 

[Julio88]

They cost companies loss of productivity and profit. Gamblers themselves may suffer from depression and bankruptcy. Some may go into severe debt and suffer anxiety because of it.

You are absolutely right with this point. Gambling can cause the financial disposition of gamblers to decline severely, especially if they are reckless in their wagering on casino games and parlays, to be quite honest

 

[Julio88]

The only parties who enjoy the economic advantages of gambling most of the time are the casinos and the government. The casinos benefit directly at the expense of gamblers who wager on lost events, to be quite honest