Critics of gambling contend that economic development studies do not adequately measure its social costs. The National Gambling Impact Study Commission states that analysis of the economic effects of gambling is “poorly developed and quite incomplete.” The commission notes that the social costs of expanding gambling must be considered in any assessment of gambling’s net benefit. Such an assessment is problematic because, according to the commission, the social costs of gambling are too ill-defined for firm conclusions to be reached. Can anyone share to us your insights and thoughts about gambling economic development . Let's talk about this !
I've seen this on the internet like 8 years ago and as far as I remember through my research that : The National Gambling Impact Study Commission noted in a report in 1999 that social pathologies and addictions disable individuals and force others to pay for their dysfunctional behavior. The commission stated that in certain areas, the arrival of casino gambling produced benefits to the communities in the form of new and better jobs, increased purchasing power, and social support facilities, such as schools and hospitals. The commission recognized, however, that speaking of those benefits was not appropriate without acknowledging the unknown and unmeasured negative effects that arose from citizens who became problem or pathological gamblers. The central question therefore becomes whether the net increases in income and well-being from gambling are worth the acknowledged social costs.
The gambling industry can create jobs, both directly in casinos and indirectly in related services like hospitality, tourism, and entertainment. Gambling operations also generate substantial tax revenue for governments, which can be used to fund public services and infrastructure.
Yes! I agree. The Commission emphasizes that assessing the net benefit of gambling should include its social costs, but this is problematic due to the ill-defined nature of these costs. Social costs are multifaceted, long-term, and often indirect, making them challenging to quantify. Data is often lacking due to stigma, and varying methodologies and criteria further complicate assessments. Gambling's social costs also interact with other societal factors.
Yes and gambling as a tool of economic development remains controversial, with strong advocates on both sides. Proponents of legalized gambling argue that, for most people, it is a harmless diversion and that individuals should be free to spend their money as they wish. Proponents of gambling focus on its economic benefits for communities that use gambling to attract investment and jobs. Cities and states can use legalized gambling to support specific public services, such as education and many more .
I think One of the most significant social costs of gambling is addiction, which can lead to financial ruin, mental health issues, and strained relationships.
One or two sides exist to gambling. One, it's possible to have more, and two, it's possible to lose more. The advantages of gambling include the opportunity for social interaction, intellectual growth, and skill improvement. Usually, it's when gambling turns into an addiction that bad things happen. Because moderation is essential in life in general, the best way to enjoy gambling is to practice it in moderation.
Brix wrote: Sat Oct 21, 2023 7:00 am
Critics of gambling contend that economic development studies do not adequately measure its social costs. The National Gambling Impact Study Commission states that analysis of the economic effects of gambling is “poorly developed and quite incomplete.” The commission notes that the social costs of expanding gambling must be considered in any assessment of gambling’s net benefit. Such an assessment is problematic because, according to the commission, the social costs of gambling are too ill-defined for firm conclusions to be reached. Can anyone share to us your insights and thoughts about gambling economic development . Let's talk about this !
I to tally agree,Social costs involved in gambling may include gambling addiction, problems with finances, stressing relations, emotional issues, crimes, workforce disruption, social services, communities especially vulnerable groups, and finally suicide in an extreme situation. Although not every gambler suffers from them, they illustrate the social harms related to gambling to emphasize the necessity of responsible policy making and a support system for gamblers.
Gambling has a range of negative impacts on society, including addiction, financial ruin, and family disruption. These issues can lead to mental health problems, increased crime rates, and strained relationships. To address these problems, it is important to have responsible regulation and support systems in place. By doing so, we can mitigate the social costs of gambling and create a safer and healthier society for everyone.
Brix wrote: Sat Oct 21, 2023 7:00 am
Critics of gambling contend that economic development studies do not adequately measure its social costs. The National Gambling Impact Study Commission states that analysis of the economic effects of gambling is “poorly developed and quite incomplete.” The commission notes that the social costs of expanding gambling must be considered in any assessment of gambling’s net benefit. Such an assessment is problematic because, according to the commission, the social costs of gambling are too ill-defined for firm conclusions to be reached. Can anyone share to us your insights and thoughts about gambling economic development . Let's talk about this !
hello!!
for me about Social costs of gambling is addiction Gambling because can result in very serious problems for an individual and his or her family. Problem gamblers may experience bankruptcy, marital problems, mental health, and reduced quality of life.
