The Economic Impact of Gambling
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Paper No. 47498
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This paper discusses the economic effects of gambling. Sociological ramifications are only considered as they have direct or indirect consequences on the economy at the local, state, and national levels.
2,715 words; 13 sources; MLA
This paper explains that the gambling industry is associated with large sums of money, which might be one of the top five revenue sources for certain states and is an important source of income to many Native American tribes that operate casinos located on their land. The author points out that the gaming association is a very powerful lobby, which wants to introduce legalized gambling into every state. The author relates that most studies show the economic impact in a positive light, but a careful perusal of the hidden costs show that maybe the economic impact of gaming in the long run does not meet the expectations. Tables.
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