Whether gambling should be legalized or not is quite a debated topic in many countries. Everyone has their own opinions about it, and the division is more or less even. This is because there are two sides to every coin. As in, both good sides and bad sides to making gambling a legal act exist. In this article, we will do a comparative study on the pros and cons of legalizing gambling.
Pros of legalizing gambling
People don’t want gambling to be legal simply so that they don’t get arrested when caught. There are many other good sides to it as well, for example:
Economic benefit for the country:
There are many casinos running secretly in countries where gambling is illegal. Some of these casinos are what we call Mega Casinos with thousands of games and thousands of registered players. Every year, these casinos earn a huge amount of money. However, in countries where it’s illegal, the owners don’t usually have to pay taxes. The government has the authority to impose and collect taxes from these casinos.
Given the large sum casinos earn every year thanks to the house edge being in their favor; the government of a country can earn a huge amount of money simply through taxing the casino industry. This money will contribute to the Gross Gaming Revenue (GGR) of a country to a great extent. As a result, there will be a significant financial and economic progression within the country. Many countries of the world have already done this and got great financial benefits.
Protection of the players:
Gambling doesn’t remain halted in countries where it is banned. Instead, it becomes an underground area that is usually filled with dangerous people like gang members. Normal people will go to these underground areas to gamble and put themselves in danger. Especially if they play with these dangerous people and end up being indebted to them; it can cause threatening situations in their lives. But if gambling is legalized, the underground business will significantly reduce if not disappear. Normal people won’t have to put themselves in risky situations and will have protection under the law.
Availability of rehabilitation for addicts:
In a country where gambling is banned, but gambling exists. Addicts are the worst sufferers. Addiction to gambling happens quite easily, but it’s difficult to come out of it. Since all gamblers by law have to spend time in jail; there obviously aren’t any support programs for gambling addiction rehabilitation. As a result, most gambling addicts cannot seek professional help to come out of their addiction. They will try to defeat it. If gambling is banned, running rehab centers would also be impossible. So, people have to live with the addiction until things worsen.
More job opportunities will be created:
A great positive side to legalizing gambling would be the large amount of new jobs. For instance, high-paying job opportunities is available. There are many kinds of job positions available in the casino industry. So if gambling is legalized, unemployment is significantly reduced.
Benefits the tourism industry:
Countries where gambling is legal often become the central hub for gamblers from all over the world; especially if there are unique and famous casinos available there. A lot of the casinos in LA and Macau are famous worldwide and get visitors from the same every year. This generates millions of dollars of revenue for the tourism industry. A lot of people travel to casinos of different countries out of their hobby; some do it for experience and learning, others because it’s not legal in their own country. Regardless, legalizing it can be beneficial in this way too.
Cons of legalizing gambling
The reasons why many people are against legalizing gambling are also quite plausible and logical. These reasons include:
Gambling addiction may increase:
The main reason why governments are hesitant to legalize gambling; is due to that it may cause a significant rise in the number of gambling addicts. While banning gambling does not prevent it; it certainly keeps the number low. This is because most people are afraid of going against the law unless they are absolutely desperate for money. It is widely accessible if gambling is legalized. Without any restrictions as anyone can play it as much as they want.
This can lead to many people becoming easily affected, which will affect the daily lives of many people at once. In the long run, it may even affect the country’s economy as a whole; if most people resort to gambling as a source of income. Though there will be more support groups for gambling; if there are many addicts, these groups may become more expensive to access. As a result, it will lead to a lot of people not seeking professional help. The only solution to this is to keep the gambling industry 100% regulated and under control.
Children may become curious about it:
In countries where gambling is legal, there will also be many kinds of advertisements related to it. For instance, either on the TV, on the internet, or through posters on the streets. There will also be casinos standing openly on streets where many people pass by regularly. Most families will have adults who gamble. This can arouse curiosity in children related to gambling. They might resort to playing games on the internet to meet this curiosity and become addicted to those games. If they become exposed to this kind of bad habit from a young age; it might lead them towards gambling as soon as they turn adults.
Goes against religious restrictions:
One of the main reasons gambling is prohibited in countries with a predominantly Muslim population; it is because the Islamic Shariat strictly forbids it. Of course, with along with other addictive materials like drugs and alcohol. Regardless, many do get the urge to gamble if they’re in a low financial position. Banning it prevents many of them from giving in to their urges, but the same won’t be the case otherwise. However, this is more of their personal responsibility than that of the government.
All in all, there are both positive and negative sides to the legalization of gambling, so the debates won’t end unless the government can come up with a plan to minimize the negative impacts and make full use of the positive ones. Try our ewallet slot game free credit Malaysia today if you are having concerns in regards to legality of gambling. As always, stay safe and play responsibly!