There is no reason to think that were Congress to give its consent in a fairly short period of time we would see a “sports book” in almost every jurisdiction. To recognize the reality that hundreds of billions of dollars are bet annually — and illegally — on sports is an enormous breakthrough even if the NBA is the only sport to recognize the fact. At the same time, all team sports have discovered the marketing advantages of adopting fantasy games, some of which approach sports gambling when a participant can chose a new team each week. The sports establishment is vigilant in protecting the integrity of the product, and it will remain so if gambling is legalized, regulated and taxed.
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We have entered a new phase of American history where some folks have begun to realize that prohibiting certain vices is foolish or just ineffective. What Silver has done is to present the issue for public discussion.
Gambling on professional sports will go on whatever we do. We will see this trend continue.
Gambling on sporting events is legal throughout most of the world. Perhaps fair-minded individuals will see the proposal for what it is — an effort to respond to reality and minimize some of the unfortunate consequences of having to place bets with a bookie in violation of the law. They should come prepared with an answer.
NBA Commissioner Adam Silver’s op-ed in the New York Times calls upon Congress to change the nation’s laws to adopt a federal framework that allows states to authorize betting on professional sports. It is a courageous position for a sports commissioner to take.
. We are now experimenting with legalizing marijuana for recreational use. They have been steadfast in opposition to the spread of legalized sports betting, most recently with regard to New Jersey’s effort to resuscitate Atlantic City by following the Nevada “sports book” model. Of course, gambling depends upon the games remaining unfixed. Adam Silver is right. So far, the Rocky Mountain high has not caused Denver to rise about its mile limit. Alcohol continues to cause much more harm to society than illegal narcotics, but we learned the hard way that Prohibition generated far more problems than it solved. However, we have passed the point of trying to decide whether gambling on sports provides some sort of benefit to society. No one has suggested that this fact of the sporting life be abolished, even if it were possible. It is time to legalize, regulate and tax it.
We now await input from the commissioners of the football, baseball and hockey leagues.
How will politicians react to Silver’s proposal? If President Obama likes the idea — he dutifully fills out his bracket each March on the NCAA basketball tourney — then for sure the Republican majorities will oppose any change in the law. Once the states impose their regulations and their taxation on this activity, gambling on professional sports in America will be universal.
What then are the chances that the other sports leagues and the politicians will go along with Adam Silver’s proposal? In the short run, I would not bet on it. The availability of gambling online makes that easy to accomplish. It is ubiquitous.
Adam Silver’s approach calls for federal legislation that would allow states to decide whether they would authorize sports gambling. I would be surprised if the other commissioners follow Silver’s lead, but they will be asked. Only five states do not have a state lottery, but even some of those states have casino gambling. For some, the greatest joy comes from gambling on the uncertain outcomes of these contests.
There can be little question that sports gambling is a vice — much like drinking and playing the lottery. Were this to be enacted, state sports gambling would spread like the lottery. Professional sports think that gambling means that their games will not be decided on the merits, that fixers will invade their enterprises and cause spectators and fans to lose interest in patronizing their entertainment businesses. Few turn on the games, especially football, without knowing the betting line
A study by the same university suggested that 73% of the individuals who are imprisoned are found to be problem gamblers.
? Problem gamblers and addicts tend to abuse their family members. Addiction to gambling, coupled with substance abuse can make the gamblers physically abusive towards their family. A recreational activity is supposed to be refreshing and relaxing, but something like gambling is contrary to the very purpose of recreation. Their debt keeps building and it may reach an amount that exceeds their capacity to repay.
? Gambling at the cost of one’s job results in a decline in the quality of his professional life. It only leads to a thoughtless expenditure of money and valuables.
? Similar to how an individual keeps consuming substances like drugs or alcohol to experience an altered mental state, he continues to gamble. Because of this, they land in worse situations and take the wrong decisions in life.
? Substances of abuse are served at casinos and in pubs and clubs, thus increasing the likelihood of gamblers consuming them. The decision to gamble money is based on three parameters namely; how much to bet, the predictability of the event, and the conditions agreed upon, between the gamblers. Their mental state can even lead to suicidal tendencies.
? People continue gambling with the greed of winning money. Sports betting and arbitrage betting are the other types. Thus, gambling practices cause a huge financial burden on the families of the affected and on the society at large.
Games offered in casinos, table games like poker, Red Dog, and Blackjack, as also electronic games like Slot Machine and Video Poker are some of the common types of gambling. When they lose the money they had risked, they further gamble to recover the lost amount and it becomes a vicious circle even they can’t escape from.
Gambling refers to the betting of money on an event with an uncertain outcome, with the intent of winning additional wealth. Some take to substance abuse to supplement the high they get from winning huge sums while gambling. Card games, coin tossing, and dice-based games are some non-casino based forms of gambling. Thus, gambling can have a grave economic impact which is difficult to reverse.
? Addiction to gambling has been linked with substance abuse. Some go that way to forget the sorrow of losing big sums when gambling.
? An Austrian study said that around 1 in 5 suicidal patients had a gambling problem.
? Studies show that children with a sibling or parent addicted to gambling, are more likely to take to substance abuse.
? Research has shown that gambling can lead to harmful behavior in people. This proves to be detrimental to their social and family life. The skill of a gambler lies in weighing the three parameters and making a decision about what amount should be staked and how much should be expected in return.
? They start borrowing money and take secret loans. The addiction has negative effects on one’s physical and mental health and it proves to be detrimental to one’s social, personal, and professional life. To add to the so-called merry atmosphere, gamblers often smoke or drink while playing.
? Gambling has proven to be addictive. According to the National Research Council, 10 to 17% of the children of problem gamblers have been abused and so have 25 to 50% of the partners of problems gamblers.
? Children of parents who are problem gamblers or gambling addicts tend to feel abandoned and angry, further increasing stress and leading to strained family relations.
? According to the University of New York, in people with alcohol use disorders, the chances of developing an addiction to gambling are 23 times higher.
Initially, one looks at gambling as a way to run away from life’s problems, or from stress, anger, and loneliness. Rehabilitating the gambling addicts needs money and time, and the process is not very easy. The greed never ends and they keep betting more and more. The two go hand in hand. Due to lost mental peace, they may ill-treat their spouse and children. The addiction leads people to continue with gambling irrespective of whether they earn or lose in the deal. It causes a decline in his/her work performance, thus hampering his career.
? According to a research by NCPG, 76 percent of problem gamblers are likely to have a major depressive disorder.
? According to a study by the George State University, 50% of the problem gamblers commit crime. In spite of the losses incurred, they continue betting. Six to eight million people in America are estimated to have a gambling problem.
? The costs of treating compulsive gamblers are huge. It can drag you into crime, gambling isn’t fun.
? As gambling leads to increased criminal activities, in a way, gamblers add to the burden on prisons and the legal system.
? Additionally, rehabilitation and public assistance systems are taxed.
Compulsive gambling leads to bankruptcy
? Gamblers often exhibit mood swings and a strangely secretive behavior. It soon becomes a habit that can’t be broken.
? The addiction to gambling can leave one in bankruptcy. On giving a serious consideration to the negative effects of gambling, we realize that it is best avoided.
? A majority of those addicted to gambling have substance abuse disorders.. Gambling = Thoughtless Expenditure + Waste of Time
? Apart from absence at work and drop in efficiency, a common observation is that gamblers tend to steal money and engage in fraudulent behavior to recover from financial losses incurred when gambling, or to get more money to bet.
? People who fall prey to gambling tend to remain away from their families and waste money on other bad practices. Betting is a mentally taxing activity, and as one goes on risking more and more money, anxiety starts building.
? The stress from gambling may lead to health issues like ulcers, stomach problems, muscle pains, headaches, and problems with sleep.
Mental and physical health problems, financial issues, and conflicts in the family are among the common negative effects of gambling. The stress of risking huge amounts of money or the frustration after losing it can increase the tendency of abuse in gamblers. The addiction gets on to the gamblers to such an extent that they fail to think wisely before acting. The National Council of Problem Gambling (NCPG) describes this type of gambling behavior as problem gambling.
You could be at gunpoint or holding the gun. The addiction robs a gambler of all the productive time and leads to loss of efficiency at work. They engage in gambling activities at the cost of their time with family and friends. In the following sections of this Buzzle article, we discuss the negative effects of gambling on the individual and society.
? Over time, the practice of gambling starts becoming a habit and begins to have damaging effects at psychological, physical, and social levels. Forget satisfaction or peace, it is not even refreshing in the real sense. They tend to stay away from their near ones, resulting in distrust between them and their loved ones.
? Gambling is practiced as a means of recreation. Over time, it becomes a habit, and eventually an obsession that can’t be overcome. The effect is similar to that of having a drug or a drink, which is why gambling changes one’s mental state and mood.