Economics_Of_Gambling_Income

Economics Of Gambling Income Through the years, gambling has become America's pastime. Over 60 million Americans make some sort of wager every day.1 When compared to other recreations (in billions of dollars) in 1990, gambling institutions made 2.2 more than magazine sales, 8.3 more than book sales, 20.9 more than theaters, and a whopping 21.8 more than movies.2 This number has increased to this high level because of the growth in the amount of legalized gambling establishments and the accessibility to these establishments, both of which increases the number of gamblers. The compulsive or pathological gambler affects society most. According to Stuart Winston, The compulsive gambler is the backbone of gambling. Without the compulsive gambler, there would be no Las Vegas, no Off Track Wagering. Two thirds of the race tracks in America would close. The attendance of sporting events would drop 50%, and T.V. wouldn't bother with sports beyond championship events. The compulsive gambler bets a piece of his life everyday, and a piece of his family's. The other 45 million people who gamble are having fun.(Out of the 60 million who gamble every day)3 These gamblers often resort to crime to pay off their debts and anger. Even though legalized gambling has gambling, money, gamblers, compulsive, casino, people, casinos, increased, vegas, las, state, problems, out, million, made, gambler, even, each, years, owners, make, dollars, because, year, today, through, new, lotteries, just, crime, city, while, per, off, legalized