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  • Essay / Games of chance: advantages and disadvantages - 535

    The game has existed since 2300 BC. It has its positive and negative effects; it also has a somewhat positive impact on the economy. It stimulates most communities by creating jobs and generates tax revenue for state and local governments. The gaming 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 debate today as to whether it is a good choice to legalize it everywhere. Gambling has several positive effects as well as its positive impact on economic development. In some parts of the United States, gambling has been adopted and promoted as a legitimate economic development strategy. It helps the unemployed and underemployed by providing them with jobs with incredible benefits. This helps the real estate industry in areas where casinos are built, there is a greater chance that there will be a hotel somewhere nearby. There are several gambling companies that make charitable donations in their area, donating a thousand...