Gambling Legalization Essay Example for Free

sword dictation Legalization Essay frolic is the act of acting for stakes in the hope of winning (including the payment of a price for a chance to win a prize). (Oxford dictionary) Many have their own opinions rough fun and at this time gambling is not legally practise here in The Bahamas. Such a move would bring an end to an illegitimate industry that makes tens of millions of dollars a year and which employs hundreds but which contributes little to the general good of the Bahamian lot. (The Bahama Journal 2008). There argon many aspects of gambling that push aside therefore be looked upon positively.Gambling comes in many forms, including betting in casinos, racetracks, disporting take downts, lotteries, bingo games and even virtual gambling on the Internet (Oddo 2007) Gambling should indeed be legalized, because it ordain help our economy and society in many ways. If gambling is practiced itll give persons with idle time on their hands, something to do and it fe cal matter also boost our tourism industry. The legalization of gambling here in The Bahamas will lead to an adjoin in the Bahamas Gross domestic ware (GDP), an increase in employment, and finally it can contribute to our entertainment industry.The legalization of gambling would be of grave benefit for our Government as it relates to the Gross Domestic Product In an article titled Legalizing gambling in The Bahamas written by Craig Butler his argument for gambling was that the Prime Minister Rt. Honor equal to(p) Hubert Ingraham should enforce gambling and put an independent company of auditors to oversee this new development. If gambling is to be legalized then he must cause the infrastructure to be put in place that will avoid the inevitable attempts at tampering and manipulation by ingenious persons. (Butler 2008). Once this takes place the Government will be able to implement a taxing system with our own internal revenue service (IRS) so that a certain lot of the money i. e. twenty fin percent will go to the Government in result to a greater extent than(prenominal) money would be spent on more capital goods, meaning more schools will be built and more work infrastructure on our roads will be carried out. In America, Statistics show that some 92. 27 billion dollars comes from gambling on a yearly basis.If this same scenario would apply to us here in The Bahamas that will mean that gambling would be of benefit to our revenue and finance sector. Some believe that legalizing gambling would sole(prenominal) if discontinue the Government a free share of the money, and that share will only be spent on their own needs. They will use this money to purchase more cars for them to be chauffeured around in, to have more business dinners for themselves, and to guide on five day trips all around the world and the economy wont feel a dime of it.They are partially reclaim because most people are used to politicians being voted in the House of Assembly and neve r coming around to visit their constituents, therefore they lack the conceive in believing that the Government will deliver once they start to receive the percentage of winnings. However, they are misguided because the Government forecasts a certain percentage of money to go into capital goods every year during the budget and the normal percentage that is set aside for education and health care can jump off and can be use more significantly.But the legalization of this habit will not lead to an exponential rise in the number of gamblers. It will, provided, allow government to fund programmes that can have a positive impact on our youth, such as community centres, sports and education facilities. (Butler 2008) Mr. Butler makes it evidently communicate in his analysis in the Bahama pundit that if the Government had the extra funds they would use it wisely. For manakin, theres now a system set up by National Insurance for the unemployed. The unemployment benefit pays 100 dollars a week to those unemployed and if the Government receives more money this can to go up.Not only Bahamians will be getting taxed but foreigners as well. thus all of the foreigners that are here now using our casinos and going back with everything, would have to offer that twenty five percent tax fee for the government. Legalizing gambling would also lead to a decrease in the unemployment reckon. In an article entitled Gambling Entertainment, it states that The large percentage of employment provided by the Gambling industry, including the land based casinos as well as the Online casinos, puts gambling industry on the transcend of society chart straight away. Having gambling legalized would automatically mean that employment will increase. At present Gambling is in the underground economy limit when it comes to calculating the unemployment rate. Since its illegal workers are considered to be employed, however legally theyre counted as unemployed when it comes to the unemployment rate. In an article written by Olivia Saunders, Saunders illustrated the unemployment rate in a diagram that showed an unemployment rate of 7. 8 percent.Out of this 7. 8 percent count are the people that are already presently on the job(p) for number houses, if we legalize gambling that rate would automatically decrease. Many are lead to believe that legalizing gambling wont decrease the unemployment rate, because there are already a substantial amount of lottery houses opened already and there are still many unemployed, its impossible for this to help our unemployed, and even if it does, it wont completely take care of the problem.They are partially right because legalizing gambling wont lead to a complete decomposition in the unemployment rate, and it wont be able to employ everyone without a job, however they are misguided because it will help tremendously. Legalizing gambling means that more lotto shops will be able to open, not only in Nassau but also on the family islands wh ich will attract more tourists. Therefore theyll need more staff, this will also lead to more casinos and more people will be hired in many different aspects.For example theyll need cleaners, cashiers, coupe and hostesses. The real truth is there are many different aspects in our economy that contributes to the unemployment rate both increasing and decreasing and this rate can never be steady. However once gambling is legalized and there are more venues opened then its a necessity to hire people to work in them, and these people will then count towards the unemployment rate and itll then decrease. Finally the legalization of gambling can be used as a sport and a form of entertainment.The only form of gambling is not purchase numbers from the lotto shops as some Bahamians are blindsided to believing, however it is also a sport. There was once a horse racing venue that was used as a sport over here in 1976 but had to leave because gambling wasnt legal. Legalizing gambling would allow this form of entertainment to once again be practiced. In a journal named Gambling The cost of our future, it indicates that Those who participate in gambling activities do so voluntarily and, in return, receive intrinsic benefits from their consumption.Furthermore, if consumers are gambling for entertainment purposes, they are purchasing gambling just as they would purchase tickets for the cinema or a symphony. (Basham, White). This statement raises a thoughtful argument because gambling is indeed a lay on the line however this risk is on the same level of buying a cinema ticket and youre not sure if the movie will play or a symphony and youre not sure if youll enjoy it. Opponents believe that having gambling as sports can only lead to more financial problems for an unstable financial home.They whitethorn argue that gambling is an addictive game and some families arent ready for the strain that this addiction entails, and some people may be willing to do anything to satisfy th is addiction like commit robbery. Gambling addiction is also referred to as compulsive gambling or diseased gambling. Medical Author Roxanne Dryden-Edwards raise a valuable point in her article Gambling Addiction stating that The number of people who gamble socially answer for being diagnosed with a gambling addiction range from 2%-5%, thereby affecting millions of people in the United States alone. (Dryden- Edwards) Some may debate that If The Bahamas macrocosm is only 316,000 compared to the United States, then our percentage will be more harmful if gambling is practice. But they are misguided because this entertainment and sport may not be addictive but relatively fun and exciting and a good family event for most, even though there may be some bad apples the pros may outweigh the cons. The real truth is that almost everything we do as a form of gaming exercise is pleasurable and having more opportunities will make gambling more enjoyable.The Government can also implement a syst em so that gamblers that develop the addiction can be fully taken care of and receive psychiatric help called Gamblers Anonymous (GA). According to the the 12 step recovery program statistics Of those in their fourth calendar month of AA meeting attendance (i. e. have stayed beyond 90-days) 56% will still be attending AA at the end of that year. (Holding all others constant if this system is practiced here with addicts treatment will be beneficial.In conclusion, gambling can contribute to our economy significantly. Many feel as though gambling will cause more harm than good, however if its practiced correctly and everyone abide to the laws that would be put in place, gambling will be more than just an easy way to win a substantial amount of money itll be a form of entertainment for many, itll be a sport that can be family orientated and finally it can be a way for our economy to jump back into the expansionary boom period and no long-dated claim that we are in a recession.Works Ci ted Gambling http//wordnetweb. princeton. edu/perl/webwn? s=gambling Gambling Revenue Current year data, Fact Sheets Statistics. 2003 American looseness Associations http//www. americangaming. org/Industry/factsheets/statistics_detail. cfv? id=7 Saunders Olivia. Unemployment in The Bahamas Gambling Entertainment. 2006 Royal World Casinos http//www. royalworldcasino. com/gambling_entertainment. html Oddo, Alfonso. The Economics and ethics of casino gambling.Review of Business. March 22, 1997. http//www. allbusiness. com/specialty-businesses/653985-1. html Patrick Basham and Karen White. Gambling with Our future tense? The Costs and Benefits of Legalized Gambling. http//oldfraser. lexi. net/publications/digital/gamblingwithourfuture. pdf http//www. bahamapundit. com/2008/02/legalizing-gamb. html http//www. jonesbahamas. com/? c=128a=15872 http//www. medicinenet. com/gambling_addiction/article. htm http//www. 12step. com/statistics. html.