There are so many states in America each state will have their own rule on which law that they are able to pass that is why there are only so few states that actually legalizes gambling.
These states are famous to be the epicenter of gambling activities. You might have heard of Las Vegas which is situated in the state of Nevada. Places like these have their own permits as well as legal fees.
That is why you see Las Vegas driving off of there gambling taxes.
Gambling is still a very sensitive topic in America. Not many households would actually vote to allow gambling happening in their state. And in order for a gambling law to pass the majority of people actually needs to vote yes.
However there are a few states that has been living from these gambling taxes. We have given you an example Off states such as nevada. But the truth is states like Nevada actually get a lot of money.
So the big question is why are some States legalizing gambling while other states are not.
States Where Gambling is Legal
There are only a handful amount of states where gambling is legal. All of these states have different fees as we as the terms and conditions. It is important to know what their terms are before you gamble. Some of them are:
- New Jersey
- Rhode Island
- South Dakota
Why is gambling legalized in some states only
Gambling is an activity that is mostly banned in conservative countries because of its side effects. For example people would eventually lose their money and this is also against some religion.
This is the main reason why gambling is banned in the first place. Gambling isn’t addictive activity that is not suitable for all ages. There is a minimum age of 21 years old in order for gamblers to actually gamble.
They’re all so some casinos that works as a semi permit casino. Take for example the casino resorts that is located in Malaysia as well as Singapore.
These kinds of casinos do not allow any one under 21 years old as well as anyone that has a background of being muslim.
This is because it is illegal for Muslims to gamble according to the law. As well as according to the Sharia law. Many people still don’t agree and will oppose this thing.
Gambling can only be legalized in states that are already progressive to begin with. For example in states that actually has a high number of tourism and relies on tourism.
That is why places are just getting Highlands are able to attract gamblers to their casino. But the gamblers that they’re trying to attract are not local citizens instead they want to attract mini foreigners such as westerners. It is a plain truth that a majority of these gambling players would either be Europeans or Americans .
This is because gambling is not seen as something that is toxic. But rather it is actually seen as something that is entertaining. That is why gambling is allowed in these countries.
Reasons Why Gambling is Legalized
The other reason why gambling is actually legalized is because of the money. The gambling in the street is very huge. On top of that these gambling industries actually generate a lot of income.
Not only for the corporations but also for the local people. They’re able to employ people to work such as being chefs or engineers or even being cashier workers.
Each of these jobs are a new line of work to these region. Previously these kinds of region do not have any investment at all or even revenue.
But after a huge resorts come in they’re able to turn that empty land into a resort as well as maybe theme parks. Resorts and casino go hand in hand. That is why people that gamble will eventually stay at the same place after they have gambled.
On top of that these places actually also earn income when they’re able to get money off of liquor and alcohol there’s an increase in the consumption of alcohol since early 2000.
One factor of it is actually because of the environment in which people gamble. People will get stressed and they want a cure for that stress. So while gambling they’re able to buy alcohol at a very very cheap price.
Effects of Alcohol on Casinos
This cheap price is offered to them by the casino. So that they can keep on gambling while wasting their money on losing as well as alcohol. Every single casino in the world makes their money this way.
They’re able to scoop in millions and millions of revenue. With a combination of resorts as well as casinos they’re also able to generate taxes.
These kinds of taxes are needed by the states. These taxes are used to build the infrastructure of that town or city itself. For example if you take a look at Las Vegas the amount of tourism in that state is very high.
As a result they’re also able to build more casinos and more tourist attractions. Through all of this the state is able to rake and more money and get richer and richer by years.
Can States Legalize Gambling at Some Point?
This question has been asked by many professionals as well as lawmakers. It is very possible for a state to eventually legalize gambling.
We’re talking about a scenario when gambling is not legalized yet but in the near future there is a huge chance that these kinds of states are able to legalize gambling.
But the chances are very low of a state that will legalize gambling. This is because the values of the people itself do not like gambling in the first place.
That is why many huge conservative families are very concerned. As you might have known gambling against every single religion because religion teaches you not to just waste your money on gambling.
And some religion also says that gambling is a sin.
When people changes their mind they’re also able to change this opinion. Hence they’re also eventually able to change the law at some point.
But we said that this is not likely at all because off the place that they live in. If we’re talking at a place somewhere far away that is designated for tourists then there is a huge chance that casinos would be allowed. States would never want their local people to waste their money on gambling.
This is because they know that eventually the house always wins. So if you have your own people gamble at your own State then they’re going to lose their money. Instead they want to attract investors as well as gain more tourists. The revenue from the tourist itself would be enough to build that place.
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Can States Suddenly Legalize Gambling?
We may see more and more states legalized gambling at the end of the day. Take for example a country such as Finland. More and more European countries would actually come to legalize gambling. Because they have learned from countries such as America and the state of Las vegas.
These places are able to get up to 100 million dollars of revenue per month.
And eventually in the times of crisis States would come to legalize them. Especially in these pandemic times there are so little amount of revenue income but eventually you could also see the rises of online casinos.
These online casinos are being backed up legally by countries such as America. Take for example the casino strips in Las Vegas.
They became one of the greatest casinos in the history of gambling. But eventually they also expanded to become an online casino. From that the state would be able to gain around 20 up to even 30% taxes.
This huge percentage of Texas makes up a huge proportion of that state’s GDP.
What are the effects of legalizing gambling
There are many questions on why you should legalize gambling or not. Well the main reason of it is of course money but it actually goes away deeper into that. While money is a main reason there are more effects than you might thought. This affects will affect the local economy as well as benefit things such as education.
Increase in employment
Employment or a circle of new jobs would be created when there is a new business in town. Casinos are a very huge business and they need a lot of people to work. For example you need dealers, baristas, managers, securities, and so much more.
Each and every single one of these jobs will be filled by hundreds or even thousands of people. Take for example Genting Highlands in Malaysia.
They are able to open a resort on top of a hill that is 3,000 ft above sea level. As a result they’re also able to create the biggest casino as well as hotel in the world.
This hotel is able to hold up to 7300 rooms and around 40000 people. Just imagine the amount of room service that you need.You need people that work on the cashiers as well as the lobby and the security.
This is a proof that the rate of employment would increase. Well the rate of employment would increase do it this would eventually also increase the investment of those resorts. They would open more and more things such as theme parks and resort parks.
Some casinos also actually have restaurants and high class bars inside them. And you need chefs in order to run these kinds of bars and restaurants. If more and more tourists will come then the employment rate would increase day by day.
Increase in Tax Revenue
There’s no doubt that tax revenues would increase. Currently most states would put a tax revenue of around 20% and it goes as high as 34%. In minimum states could at least receive a million dollars and it could go as high as 100 million dollars.
This is the most attractive part about legalizing casinos. The money from this tax revenue couldn’t greatly affect the people. But in other sides this could also crush their own economy if the amount of gamblers are mostly local.
This is because local gamblers or local citizens are needed to stay neutral. They are not and they should not be participating in any gambling activity.
Instead they need to participate in things such as paying car taxes and land taxes or business taxes. If they lost all of their money on gambling then they are unable to pay taxes. Instead they would ask for loans.
Loan itself is very bad for the economy of that state itself. When people take loans then they solely rely on their own states. Instead of actually working and trying to get that money back they would be less motivated to do so.
More Infrastructure Built
Infrastructure is a part that is always being involved. Every time money comes in, it will also come out. A huge expense is going to the infrastructure of the city. Usually money is being used to build town halls, hospitals, clinics, and even libraries.
This is a proof that gambling tax revenues can be very beneficial. It can involve the health aspects as well as the education of the locals. It is very important that the locals stay out of these casinos.
Better Healthcare and Education
A party of getting tax revenues means that money will be given to help healthcare. Things such as insurances or cheaper healthcare is a result of it. It is important for these taxes to use the money from states where gambling is legal.
Each revenue is usually counted at the end of the month. And it is totaled up when it has reached a year.
That’s our review of states where gambling is legal. And keep in mind, in some areas that legally prohibit all types of gambling, you can still easily find places to gamble there. Especially nowadays, where gambling can be done online.
Online gambling sites are an alternative that gamblers often use to continue playing.