THE PROS AND CONS OF LEGALIZED GAMBLING

THE PROS OFLEGALIZED GAMBLING:

Legalized gambling can increase revenue generation both for the government through tax and the individuals
It creates job opportunities, either direct or indirect jobs
It drastically reduces black market transactions as there will be no more behind-the-scenes operators who works outside of government regulations
Legalized gambling strengthens country’s tourism industry

THE CONS OF LEGALIZED GAMBLING:

Gambling is addictive and when people do it regularly, crime rate, money laundering, and other activities may be increased
Children may be exposed to gambling at their tender age, creating the issue of a problem gambler.
Legalized gambling may lure the lower class to try their luck which may result in the loss of their hard earned money
Addicted gamblers are prone to the risk of developing mental health problem
Legalized gambling can easily create an environment characterized with greed and corruption

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