Why Gambling Is Still Popular

29/07/2017

Techrulz

Why Gambling Is Still Popular

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Moralistic viewpoints on gambling are abounded these, however, do not truly appreciate why gambling is still popular and has been since the rise of gambling back when the earliest man bet his friend. The bet could have been that the rain would come that evening, that the fruit would eventually fall from the tree or that the pregnant nanny (female goat) would give birth to conjoined kids (baby goats) and the one would bet his goat skin and the other his chickens. 

Why Gambling Is Still Popular
To cut this short, gambling has been around since man accrued material in excess and was willing to wager it for another thing. The moralistic viewpoint is fine but this shows how close to our base selves the act of gambling is to us.

Now had the above-mentioned man offered all his hens, goatskins, those of his kids and wife on the wager that the nanny would give birth to conjoined kids – an occurrence he has absolutely no control over then this man would have a problem. He would be selling the livelihood and warmth of his kids away on a doubtful occurrence that has very little positive effect on his current situation.

It is in this same manner that gaming at http://casinobonuspromotions.co.uk/ on its own is not bad but the act of putting all that one has on backing the occurrence of a doubtful event is bad. In short, it is irresponsible gaming that is a blight on the face of human society.

Capitalism is built on the consumption of services and goods. Consumption by very nature means that capitalism is built on the things that are often “used up”. This is true from the car that one drives to shoes, perfume, and even the bread we consume. We use this up, and it is finished. The moral argument against it stands to make us believe that gambling is worse than eating at an expensive restaurant, or buying shoes even expensive shoes or buying that expensive car. All of which are fleeting things. Things that once used up can never be brought back again.

The car if driven for a long enough time will reach a stage where the wheels are exhausted, oil filters need changing and eventually the tiring of the engine. Gambling is also a consumption, the using up of resources in order to get something one perceives as better than that which he/ she possess already.

The story of how Iowa’s economy has seen a major boost due to gambling is a point one must consider. The study was done by Oxford economists, and the results announced on a 28-page study for the American Gaming Association. The study chartered the Iowa’s 18 licensed gambling venues, and the revenues they had received through legal gambling and according to the research; the state’s casinos contributed $2.5 billion to the local economy.

It is understood that an impressive 16,798 people work for the eighteen gaming venues in the state of Iowa, and they are paid almost $742 million in wages. What is more impressive is that these gaming houses generate the amount of $726 million in taxes (federal, state, and local). The state taxes from gaming-related activities amount to an impressive $321.6 million.

This pales in comparison to one of the world’s biggest cigarette brands, Marlboro, that runs a mammoth tobacco company that makes $23.8 billion in sales and is basically an industry that is killing its clientele by the thousands from lung cancer and many more from the secondary smoke these cigarettes give off. If both are to be judged on consumption alone, then neither is bad but putting both to the test of a moral judgment, which really is worse?

According to the AGA, using the Iowa example, it was found that:
  • The gaming industry of which gambling is part creates jobs. Without it, the unemployment rate in the State of Iowa would be at 5.9%. it currently stands at 4.6% 
  • The gambling industry, Countrywide generates more than $240 billion in the United States through various gaming venues. To put this into a better context, there are more than 1.7 million people employed in this industry and over $38 billion paid in the form of local, state and federal taxes. 
These are all jobs and taxes paid without the stain of blood on the hands of gaming house runners. The industry only needs to be sensitive to the need to properly advise and educate its customer base on the imperatives of responsible gambling. This on its own is quite onerous considering that the tobacco industry does not encourage lung tests on its users nor the spirits or alcohol industry to run tests on its users in advising against faulting kidneys due to alcohol poisoning.

This includes knowing where to gamble. Lastly, lawmakers are urgently considering the issuing of special licenses for casinos that do not allow smoking. It would seem that gambling houses see the imperatives of healthy customers more than the latter industry.

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