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Essay / Research Paper Abstract
This 5 page report presents the
argument that when one considers the fact that Americans have lost more than $50 billion
in only the five years between 1998 and 2003, it is difficult to offer any meaningful
argument regarding the value of gambling to anybody but the owners of casinos. The
social, economic, and emotional costs of gambling and the ways in which it is
compounded through online gambling means that there is any reason to offer yet another
venue for gambling such as the Internet. Bibliography lists 4 sources.
Page Count:
5 pages (~225 words per page)
File: D0_BWfifty.rtf
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Unformatted sample text from the term paper:
meaningful argument regarding the value of gambling to anybody but the owners of casinos. Admittedly, casinos provide employment opportunities the always touted "economic stimulus" for a community. In fact,
some of the communities that had the highest unemployment rates in the nation, most notably tribal governments for numerous Native American reservations around the country, have been able to make
significant strides in improving the economic well-being of their people because of allowing a casino to be built on their land. Nonetheless, the fact that $50 billion has been thrown
down on the green felt of gaming tables, the coin slots of countless video gambling games, the tracks and fields where animals and humans compete against one another, it does
not seem that there is any reason to offer yet another venue for gambling such as the Internet. The "Stakes" The amount of money involved in gambling today is
enormous. As the student builds his argument against Internet gambling, it is useful to refer to figures generated in 2000, in which Nelson explains: "In 1997, $600 billion was legally
bet in America. That betting generated $50 billion in profits to businesses and revenues to government. $16 billion of that $50 billion came though lotteries" (pp. 406). Of course, lotteries
are the only supposedly legitimate form of gambling sanctioned by government entities outside of states and Native American reservations where gambling is the local economys primary industry. In that context,
"Commercial casinos earned $20.5 billion. Indian casinos earned $6.7 billion. Race tracks earned $3.75 billion" (pp. 406). It is also important to understand that, again according to figures
presented by Nelson in 2000 that: "As of 1999, there were 250 on-line casinos, 64 lotteries, and 139 sports betting sites. One web site alone has links to
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