How Gambling Hurts The Economy

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Term Paper Title	How Gambling Hurts The Economy
# of Words	2847
# of Pages (250 words per page double spaced)	11.39

How Gambling Hurts the Economy
Over the past twenty years or so, wealth and improved economic and social conditions have been promised to the communities that have embraced legalized gambling.  However, with twenty years of experience it is time to look back and analyze whether this is true or not.
     It could easily be said that gambling is an American as apple pie.  Gambling has shaped American history since it’s beginning.  Lotteries were used by the First Continental Congress to help finance the Revolutionary War.  Many of our following fathers, such as Benjamin Franklin, Thomas Jefferson, and George Washington, have sponsored private lotteries.  It has been said, “Our founding fathers were just numbers guys in wigs”.  At on time baseball would have seemed to be the American pastime.  This is not so now.  In recent years, the attendance at casinos has nearly doubled the attendance at all major league baseball games, with close to 130 million people visiting casino’s every year.
     With so much money at stake, the average gambler does not stand a chance against this big business.  The casinos go to every length to analyze what makes a gambler bet, say longer, and lose as much money as possible.
     Gamblers come to the casinos with the intentions of winning money are habitually disappointed.  As casino lord, Meyer Lansky universal gambling truth states; “Gamblers never win, the house never loses”.  Slot machines and most table games allow players to make bets where the probability of winning is relatively high.  Frequent wins are characterized by low payouts.
     Frequent winning, low paying games are not the only way casinos get people to keep playing.  Nothing less that psychological warfare is going on at casinos across the country,  “The days of shaved dice, missing face cards and rigged roulett wheels are long gone.  But the pursuit of probability in the corporate area of gambling has turned the average casino into a financially hazardous place for betters.” The casinos beliefs are all based on the fact that since the house has an advantage over the player, the longer the house can keep the player playing, the more money the house will make.  The gambling industry spends millions each year to whether wider isles, fresher air, and back rest on the chairs at slot machines, which will make a player stay longer.  And why would the casino care if the somebody was comfortable? Because if each player stays for just a few more minutes, it could be an extra million d...

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