Gambling legalization Essay Example for Free

looseness legitimation Essay dramatic play is the act of playing for stakes in the hope of winning (including the payment of a price for a chance to win a prize). (Oxford dictionary) many a(prenominal) have their own opinions about gaming and at this time dramatic play is not licitly practice hither in The Bahamas. Such a move would bring an end to an illicit industry that makes tens of millions of dollars a year and which works hundreds but which contributes little to the universal good of the Bahamian people. (The Bahama Journal 2008). There are many aspects of gaming that send word indeed be looked upon arrogantly.Gambling comes in many haves, including betting in casinos, racetracks, sporting events, lotteries, bingo games and even virtual gambling on the Internet (Oddo 2007) Gambling should indeed be legalized, beca physical exercise it impart wait on our economy and society in many ways. If gambling is practiced itll give persons with idle time on their h ands, something to do and it can also boost our tourism industry. The legitimation of gambling here in The Bahamas will lead to an increase in the Bahamas Gross domestic Product (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 write by Craig Butler his argument for gambling was that the Prime Minister Rt. Honorable 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 monkey and manipulation by ingenious persons. (Butler 2008). Once this takes place the Government will be able to implement a taxing system with our own subjective revenue service (IRS) so that a certain percen tage of the money i. e. twenty five percent will go to the Government in resolving power more(prenominal) money would be spent on more capital goods, retrieveing more schools will be built and more work infrastructure on our roads will be carried out. In America, Statistics show that approximately 92. 27 billion dollars comes from gambling on a annual 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 besides grant 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 spend on five day trips all around the public and the economy wont feel a dime of it.They are partially right because most people are used to politicians being voted in the House of Assembly an d never coming around to visit their constituents, therefore they lack the trust 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 cipher and the normal percentage that is set aside for education and health care can rise 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, in time, 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 clear in his analysis in the Bahama pundit that if the Government had the spare funds they would use it wisely. For example, theres now a system set up by National Insurance for the unemployed. The unemployment benefit pays 100 dollars a week t o 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. thence all of the foreigners that are here now using our casinos and going back with everything, would have to leave that twenty five percent tax fee for the government. Legalizing gambling would also lead to a decrease in the unemployment rate. 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 top of society chart straight away. Having gambling legalized would automatically mean that employment will increase. At present Gambling is in the underground economy mark when it comes to calculating the unemployment rate. Since its illegal workers are considered to be employed, however legally theyre numerationed as unemployed when it comes to the unemployment rate. In an a rticle written by Olivia Saunders, Saunders illustrated the unemployment rate in a diagram that showed an unemployment rate of 7. 8 percent. bring out of this 7. 8 percent count are the people that are already presently working 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 upstanding amount of lottery houses undecided 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 decline 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 which 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 righteousness 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 purchasing numbers from the lotto shops as some Bahamians are blindsided to believing, however it is also a sport. There was once a clam 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 risk however this risk is on the same level of purchase a cinema ticket and youre not original 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 may argue that gambling is an habit-forming game and some families arent ready for the strain that this addiction entails, and some people may be willing to do anything to satisfy this addiction h andle commit robbery. Gambling addiction is also referred to as compulsive gambling or pathological gambling. Medical Author Roxanne Dryden-Edwards raise a valuable specify in her article Gambling Addiction stating that The number of people who gamble socially qualify 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 population 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 system 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 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 longer claim that we are in a recession.Works Cited Gambling http// wordnetweb. princeton. edu/perl/webwn? s=gambling Gambling Revenue Current year data, Fact Sheets Statistics. 2003 American Gaming Associations http//www. americangaming. org/Industry/factsheets/statistics_detail. cfv? id=7 Saunders Olivia. Unemployment in The Bahamas Gambling Entertainment. 2006 Royal population 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? 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.