The legalization of gambling comes with both positive and negative sides. However, that doesn’t mean one should be ignored while the other should be focused on. What kind of positive impact will a legal gambling industry have on the social life of people? What are the social benefits of making gambling legal? That’s what we’re going to talk about in this article.
Creating more job opportunities
One of the biggest social benefits that gambling in a legalized manner will bring is to create more and more job opportunities. The casino industry is huge, and it’s filled with hundreds of different kinds of jobs that need to be done. Because gambling isn’t legal, the casino industry cannot grow to a large extent. Most people who are employed to work there usually have personal connections with the casino owner. In fact, most of the workers in the casino industry might be different kinds of criminals since gambling is conducted in the black market in countries where it’s illegal. It’s also not a competitive workplace when it’s not legal, as most people will not willingly want to work in an illegal sector unless they absolutely need money. But that won’t be the case if it’s legalized.
However, legalized gambling will help expand the casino industry and let more people apply for jobs freely. According to a US-based report, legalized gambling can create as many as 125,000 to 152,000 jobs! The number may vary depending on the restrictions imposed, but there will still be a huge number of new jobs waiting to be taken.
This will have a drastic social impact as many people sitting unemployed in their homes because of the competitive employment sector will have good jobs in their hands.
It will be especially beneficial in countries where the population is much bigger than the number of jobs. It might not ensure a 100% employment rate, but it will certainly increase the percentage to a great level. Not to mention how it won’t be just any kinds of jobs either. There are a diverse set of jobs available in the casino industry for people from all streams. Moreover, there are engineers who create slot machines and online slots. There are software developers who develop online casino websites or apps. Also, there are hosts for casino games. There are waiters and waitresses inside land casinos to serve food and drinks to players.
All of these are actually medium to high-paying jobs!
Oxford University conducted a study in 2017 about the economic contribution of legalized gambling in the US, and they found out that the jobs created by the casino industry will contribute between $6 to $7.5 billion to the total annual wages. Casino hosts can earn between $10,065 to $209,666 in a year, and their median salary is $37,952 on average. This gives you an idea of how good the jobs can be.
The social impacts of this will have been crazy! Not only will more people be employed, but they will also be able to afford more and more luxuries. The living standard will develop. Poverty will be reduced. A drastic social development can occur as a result of this as well, especially for middle-income countries.
Protection of the gamblers
A very important social impact legalized gambling will have is to protect the gamblers under the law and allow them to play in a safer social environment. In countries where gambling is banned, it’s like no one gambles. Not everyone is afraid of the law, and gambling is quite common in almost every country. So casinos still run in countries where they’re not supposed to.
So in such countries, the ones running casinos will usually be mobsters and different kinds of criminals who are greedy for money. They are all dangerous people, and their greed will undoubtedly lead to them tricking a lot of innocent people in many ways. Many of the people who go to gamble in such places usually do it when they are desperately in need of money. These kinds of criminals are always looking to take advantage of such vulnerable people.
In these cases, the victims won’t be able to take help from the law because the law will force them to be punished for gambling in the first place. Moreover, getting entangled with dangerous criminals can also make innocent people dive into the world of crimes intentionally or unintentionally. On a social level, this might increase the number of crimes to a great extent as well.
However, if gambling is legalized, then that won’t be an issue anymore. All the casinos will be licensed, which will render them incapable of tricking their players. And in case they do, they will be sued immediately because the player will be able to demand help from the law without being held accountable for gambling. This will develop social safety for gamblers.
Forming new relationship
An obvious social benefit of legalized gambling is the many new relationships that will come into being through it. In countries where gambling isn’t legal, there aren’t a lot of people who do it. Those who do mostly gamble because they are in a bad financial position in life. That doesn’t leave too much space or time to socialize with fellow gamblers.
But in open and free casinos, that will no longer be an issue. People from different parts of the country and different stages of society will gather there to indulge in their gambling hobby. Casino games like poker and roulette are all played in groups. In that sense, it leaves a lot of room for friendships to happen!
In fact, many people worldwide travel to different countries and make sure to visit their casinos. This can be a part of their hobby or just because they like to explore new places; to gain more experience and knowledge. By legalizing gambling, it’s also possible to develop international relationships.
It’s obvious that legal gambling sure has some strong and large-scale benefits from a social perspective. However, that’s if the government properly regulates the gambling industry. If your main concern is about the legality, we highly suggest and recommend Epic Win cash back Malaysia is the way to go!