Should Gambling be Legalized

Jun 29th, 2016
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Pros and cons of gambling

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Running head: LEGALIZED GAMBLINGLegalized gambling: should we have it?Michael KamauWriterbay Test Panel1LEGALIZED GAMBLING2The legalization of gambling is a contentious issue that attracts debate on the economicand moral grounds. In recent years, the burgeoning of gambling has raised questions on the bestway to approach the issue. Different countries take varied stands on gambling based on thepopular moral and economic viewpoints. The legalization of gambling is economically beneficialand shows respect to the autonomy of an individual.The legalization of gambling has a big economic impact in the form of job creation andrevenue collection. The legalization of gambling can lead to the elimination of caps that limit thenumber of casinos (Chambers, 2011, p. 14). Casinos provide employment to many people aroundthe world. As such, the legalization of gambling can lead to the creation of more jobs and reducethe unemployment rates. The authorities would be assured of increased tax revenues fromcasinos due to the legalization of gambling. It would also bring the underground gamblingplatforms on the radar of tax authorities (Chambers, 2011, p. 27). This implies that

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