Gambling legalization is something that has been on the minds of the many, especially after some US states legalized sports betting after it being illegal for a long time. Gambling, in general, is not banned in a lot of countries, but in the countries that it is banned, does it really make it that much better?
Here are the pros and cons of legalizing gambling.
Gambling Legalization Provides the Country with Statistics and Data
Gambling being legal in a country means that the said country will have to provide gambling operators with licenses so that they can operate inside the country. This also includes online gambling sites which operate inside the country.
Not only would the country get profit from such a move, but they would also gain insight into the minds of the people, especially those who have waited for a long time for gambling to be legalized. Surely, most of them already gambled, especially having in mind what the internet brings us, but now, everything would be much more transparent and problem gamblers could be helped.
The Country Would Increase Profit
Licensing local casinos and sportsbooks, as well as online casinos means that the country gets a fixed percentage on annual earnings, getting their fair share. All that money could go into various places, improving education or healthcare, or roads, even.
It is Good to Provide People with Opportunities
While many consider gambling to be bad and potentially problematic, and it can become, if a person gets addicted or even slightly carried away, it can also be an activity which people do occasionally and which helps them relax or have fun.
People who really want to gamble will find a way, as with recreational marijuana, but this way, they would be kept an eye on and would be free from stress of breaking a law.
Legalizing Gambling is Detrimental to People’s Health
Gamblers often get carried away. There are so many stories of successful gamblers wasting their earning for no good reason other than loving the cling of the dice or being unable to stop betting. Some people wasted millions of dollars, lost their homes, loved ones and even entire families. People tend to stray away from hopeless cases. Giving the people the tools to make their lives miserable is unethical, at best.
Legal Gambling Means Gambling Advertisements
Gambling can be advertised freely in most countries where it is legal. A billboard showing gambling advertisements can be seen by anyone, not to mention TV advertisements. Children both look at billboards and watch TV. They will be curious about gambling and some casino or guard will turn a blind eye which is more than enough to create a problem gambler.
Depending on the Tax System, not Everyone Would Benefit from Legalized Gambling
The revenue of a casino would be unimportant if it does not draw new customers on a regular basis. The money would just go in circles as the only visitors would be the local customers. The municipal governments usually have to gain from this, depending on the gambling laws.
Unless the casinos are immensely popular, there will be no real gain for an entire country, unless there is a country-wide monopoly on gambling.
These are some of the pros and cons of legalizing gambling. There are more details you could read about the subject matter, but these arguments should be sufficient enough, in general. The truth is that it would depend much on the government and the people, which is a lot of variables.