Society Benefits from Legalized Gambling

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  • Topic: Casino, Gambling, Economy
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  • Published : April 2, 2006
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English 121
Ms. Sara Stephens
Argumentative paper

Society Benefits from Legalized Gambling

I think that cities should allow more gambling casinos because society does benefit from them. Some people ask do the economic benefits justify the social costs of the ever growing industry of gambling? Opponents will argue that increased availability of gambling, access to funds and expanded hours of operation have led to an increase in pathological gambling. While this might seem like a logical assumption to some, it is not valid. (Fahrenkopf p.113) The economic benefits are far greater than the social costs, and the gambling industry will enhance society as a whole. Gambling casinos bring better investment and economic developments which cities benefit from, as well as create jobs, and enhance tax revenues.

Jobs are an economic benefit that the gambling industry generates in areas that have high unemployment. Industry representatives have often identified employment and economic activity as the principal benefit to the economy. Most analysis of the gambling industry is typically based on input-output relationships at the national or regional level. (Fraser 6b) This is especially true when casinos are being built. The fields of employment range from construction (casino and hotel building), internal and external building and ground maintenance, card dealers, security, hotel, office, and management personnel. Employment in the American gambling industry is comparable to other industries in terms of wages and benefits. Annual salaries averaged $26,000 in the largest casinos, $20,500 in smaller commercial casinos, and $18,000 in tribal casinos. In 1996, more than half a million people were employed by the legal gambling industry and earned more than $15 billion in wages. The investment and economic development benefits are generated by short supply and high demand for goods and services from the patrons who gamble, and the employees who work at these gambling...
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