Should Betting be Legalized?
Most people associate gambling with casinos across the nation, but the new phenomena of sports gambling has become a bigger problem now. Thirty-Three million Americans take part in fantasy football each year (Spears). That number is about ten percent of the total US population. One in ten Americans play in March Madness brackets while illegally wagering more than $2.5 billion in a three-week period (Spears). Now with this much money already being illegally gambled in sports, why not put forth the effort and legalize gambling on sports? If people are willing to put so much money towards something illegal, people will put even more towards it if it is legalized. I believe that betting on sports should be legalized so states as well as individuals can make more money and feel like a part of the game. Statistics on legal and illegal betting, photo from qz.com
Legalizing betting is important in the world today since sites like FanDuel and
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Kelly Stewart believes, “sports betting is a challenge. It makes sports more exciting. I makes you a part of the contest” (Stewart). Betting on sports gets people to use their brains, it makes people a profit, and it makes you a part of the game. The one thing betting can also do is increase viewers that tune into a game. Would you wake up at 10 a.m. to watch another team play when your team does not play until later at night? (Stewart). Bettors will not only bet on their favorite team, but they will also bet on tons of other games they feel confident about. After placing these bets, these gamblers will watch the game which they bet on which will increase viewers for a certain channel. So with all these different areas making money the American public should be able to as
What has changed the way America’s pastime is looked at forever and prompt worldwide discussion? Joe Jackson and his seven teammates changed the face of baseball forever during the intimate scandal of 1919. No other time in baseball history did Americans question the state of the game. Pete Rose had also brought a debate like no other before in baseball. Since his banishment in 1989 the country has been split on the issue. Gambling by these men and others has caused great problems in baseball. The game of baseball has been destroyed by gambling.
Ø Fahrenkopf Jr., F. (2002) Legalized Gambling Benefits Local Economies. Retrieved April 14, 2004 from Opposing Viewpoints database
Gambling is a controversial topic that causes many arguments for and against making a wager for any reason. The lottery has been a welcomed form of gambling in Texas since 1992, it is one of the biggest legalized forms of gambling in Texas. Although many citizens question, should all forms of gambling be legalized as a means to support public education? It should not be legalized because, expanding gambling to generate funds for education could negatively impact the social welfare of individuals and families. Also legalizing all forms of gambling could increase gambling addiction, and exploit the economically disadvantaged.
Over the past couple decades, sports gambling has become a growing industry and a hotly debated topic. Sports gambling is the act of placing a monetary wager on a sporting event for a specific outcome to happen. Daniel P. Connaughton claims sports gambling has always been an attractive medium for betting because the outcome of the games is unknown and so many factors go into a sports game (436). But currently as it stands in the United States, people may only bet on sports in Nevada. Yet the industry continues to expand and according to Jeffrey Roske, “Americans wager over $500 billion per year on sports. Of this staggering total, only $2-$3 billion per year are gambled legally within the state of Nevada…” (463). Roske’s evidence brings up
To trace the tracks to the start of mending this problem, we need to go
Gambling has been an activity that has been around many states for a while. People like to gamble to test their luck and hopefully get lucky enough to win a prize. Nowadays you don 't have to go to the casino to test your luck, at majority of grocery stores they offer the ability to buy scratch off ticket and or play the powerball. Many people gamble to have fun, as well as, have a good time, but there are others that gambling becomes an addiction that is hard to control. The odds of winning are less favorable than the odds of losing. According to Jost, “lotteries in 43 states” as well as, DC “collectively” made “18 billion in revenue for the state,” along with the “local government.” (Jost,525) The lottery is a great investment for many states and the local government. Something that everyone has to be aware of is that the the lottery will always make a profit. Someone might get lucky enough to win 100 dollars, while 2 other people loss 100 dollars each. The big picture is that nobody is going to invest in a company that is not going to
Gambling has been around since 2300 B.C. It has its positive and negative effects; it also has somewhat of a positive impact on the economy. It stimulates most communities by creating jobs and generates tax revenue for state and local governments. The gambling industry in “2002 and the commercial casino industry provided 350,000 jobs in the United States” (americangaming.org). Even though gambling can bring a lot of economic growth to the economy there is still an argument going on today whether it is a great choice to legalize it everywhere.
Sports are one of the most profitable industries in the world. Everyone wants to get their hands on a piece of the action. Those individuals and industries that spend hundreds of millions of dollars on these sports teams are hoping to make a profit, but it may be an indirect profit. It could be a profit for the sports club, or it could be a promotion for another organization (i.e. Rupert Murdoch, FOX). The economics involved with sports have drastically changed over the last ten years.
We need to a continuous support for research on emerging challenges from gambling. In order to address the issue of gambling effectively through research, monitoring and evaluation we need to define and identify problem gamblers.
Should Gambling Be Legalized? Over the past twenty or so years, great wealth and improved economic and social conditions have been promised to the communities that have embraced legalized gambling. However, with twenty years of experience it is time to. look back and analyze whether this is true or not.
Gambling is described as the betting of money or property on the result of an event or game that is mainly random with the desire to win more money or gain additional property. The industry or sector created by the activity of legal gambling is referred to as gaming. Since inception, gambling and gaming has continued to develop to an extent that it worth more than $335 billion across the globe. Most of the revenues obtained in this industry are generated by casinos and lotteries. In the past few years, gambling and gaming have attracted significant concern and controversy, especially with regards to the morality of the practice and whether its financial benefits outweigh the damage. While proponents of gambling
A recent article in Readers Digest estimates that most Americans spend at least 13% of their income on sporting events and sport related products. Sports has entertained American people and drained money out of their pockets making sporting events an arena of pure economic activity. It has been proven that Americans will purchase tickets to attend sporting events, but this alone does not create enough revenue to keep sports teams profitable.
The economic impact of media sports illustrates the central importance of our culture. For example: Statistics show that Americans spend more than $60 billion annually on sports (it is between 1% and 2% of Gross National Product). Being a star in media sports in America means receiving a temporary income of 6 or 7 figures. Personal Identification and Heroes Sports fans often identify themselves with teams, players, and regions so that outcome takes on personal significance to them.... ...
Either of these Acts would greatly help the problems of online gambling. There are a number of reasons why this booming industry should provoke more concern among policy makers.
There are many factors that contribute to games and gambling. Many people don’t realize how much of a toll gaming and gambling takes on their lives both physically and financially. Most of modern games have something what’s called “house advantage”. The “house advantage” is when there is an element in the game that gives a certain player an advantage to win. Overtime, games (specifically gambling) have had a great impact on society. Gambling has dilapidated the lives of many citizens and still continues to corrupt them. Several people have severely suffered from the gambling and its despicable effects.