answersLogoWhite

0

How does gambling hurt the economy?

Updated: 4/28/2022
User Avatar

Wiki User

15y ago

Best Answer

Gambling tends to be addictive, therefore, may people who gamble become addicted. That, just like any other addiction, can lead to problems. I've personally never verified it, but many people claim that bankruptcies increase in any area where there is legalized gambling. Regardless, if a person becomes addicted and loses most of his or her money, that affects the economy in various ways.

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How does gambling hurt the economy?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How do teenagers affect the economy?

Gambling


How does gambling affects the economy?

It effects the economy because the gambling company looses money and other people get it, and the people working there get payed less.


What is the economy of Macau like?

Macau's economy is largely based on gambling and tourism


Why did a slowdown in railroad construction hurt the economy?

Why did a slowdown in railroad construction hurt the economy


Globalization of the economy has hurt which category of the us population?

Economy


Why did neveadsa legalize all forms of gambling?

Because that is what drives the state and their economy. Most recently, online gambling was legalized there with the hopes of creating more revenue.


What are non economic activities in Oman?

The country of Oman's economy does not include activities that include alcohol, or gambling. The economy is based on the production of oil.


Did Tiger Woods really cheat on his wife and hurt your economy?

Yes on the wife, no on the economy.


How did cash crops hurt the south's economy?

It took capitalist attention away from southern economy


Does war help or hurt a country's economy?

it doesnt


What is Islamic economy?

Islamic economy is like any other economy except that it doesn't allow lending money with interest (except the normal administrative charges) and It doesn't allow investing in wine, gambling, and/or sexual fields.


What is two major exports in Monaco?

There are no exports from Monaco. The economy runs on gambling, banking and tourism. It does not need to export anything.