The Impacts of Gambling
Gambling involves placing a bet of some value on an unpredictable event beyond one’s influence or control, with outcomes beyond anyone’s influence or control. Gambling activities are governed by laws that regulate different kinds of bets placed, when gambling can take place and other parameters that control its risks. Gambling activities take many forms such as lottery games, sports betting and casino gaming such as card and table games, electronic gaming machines and video games – not forgetting online wagers over phone or social media such as Instagram or Twitter!
Gambling offers many advantages, but it may also have serious negative repercussions for an individual’s mental health. A significant percentage of gamblers experience problems related to gambling – the most severe being classified as “pathological” or “addiction.” Symptoms may include impulsivity, poor judgment, cognitive distortions and moral turpitude; additionally gambling can lead to debt and bankruptcy issues for many gamblers.
Gambling remains an easy way for individuals to lose money despite its many risks, and has become more widely accessible than ever. Gambling now spans not just casinos but lotteries, sports betting, video game with gambling elements that children as young as 13 can play, internet lotteries, lotteries and sports betting all easily accessible via mobile devices and the web – this widespread access allows gambling to have widespread socio-economic and public health effects.
Gambling’s positive impacts include increased revenues and consumer spending, employment opportunities, tax revenue generation and improvements in public services as well as quality of life improvements in communities. Unfortunately, most studies on the topic have largely focused on economic aspects while interpersonal/community/society level effects have received less consideration.
Studies have utilized various methodologies to examine the impacts of gambling. Some have used cost-benefit analyses and quality of life weights as ways of quantifying intangible harms that cannot be quantified monetary (such as emotional distress and family discord), while other research focuses on considering gambling’s impacts from a public health standpoint.
There are various means available to people looking to overcome gambling addiction, including outpatient programs that provide support and treatment to individuals struggling with this form of dependency. Inpatient and residential treatment programs provide intensive assistance for those unable to quit gambling without continual care and attention. People addicted to gambling may seek help through support groups that provide education, information, and resources on how to deal with their addiction. Counselors can also be an excellent source for assistance as they work through issues and make changes that will improve their lives. Charity and non-profit organizations also provide invaluable assistance and counselling services for people struggling with gambling issues. Some can offer free or low-cost services designed to assist with recovery while others may refer them to treatment centers and other resources for treatment and support.