Besides the financial costs associated with gambling, there are other negative impacts of gambling. These include impacts on small businesses, particularly on retail outlets. As the number of gambling venues increases, these businesses may have trouble retaining employees, as well as with shop rents and operating costs. However, there are positive impacts associated with gambling, too. This article looks at these issues. Weighing these factors against the advantages and disadvantages of gambling will help you make an informed decision.
Impacts of gambling on health
The consequences of excessive gambling are far-reaching, including depression, suicidal thoughts, and a higher risk of substance abuse. It is also common for excessive gamblers to engage in self-harming behavior, including developing dark circles under the eyes, pale skin, or other physical signs. Excessive gambling also causes people to lose control of their finances, which can lead to divorce, job loss, and relationship issues.
Gambling affects many aspects of young people’s lives, including their social and employment prospects. While research has shown that the benefits of gambling outweigh the negative effects, it is important to remember that it is difficult to limit gambling access in all areas of one’s life, and the long-term consequences of problematic gambling are not known. Nevertheless, parents and other caregivers can help protect children by limiting their exposure to gambling and encouraging positive extracurricular activities. These activities are important for children because they provide outlets for stress and can help them let off steam. Additionally, gambling exposure may also affect the development of problem gambling, and the family’s attitude towards it will affect their child’s risk for problem gambling.
Costs of gambling
The costs of gambling are not just limited to personal losses, but also include costs to communities, businesses, and the environment. Public infrastructure costs, traffic congestion, and displacement of local residents are all associated with gambling. Gambling increases the risk of bankruptcy and bad debts, and the overall cost of credit is increased across the economy. The costs of pathological gambling are not only felt by gamblers, but also impact their immediate social environments and the community as a whole.
Although the direct social costs associated with gambling are easy to measure, intangible costs such as depression, relationship breakdowns, and suicide are more difficult to assess. The most accurate informants about gambling costs are people in counselling programs. Such services are vital to the recovery and treatment of problem gamblers. The economic impact analysis should also account for the costs of the societal redistribution of wealth and the social costs of problem gambling. Ultimately, the economic costs of gambling must be calculated and understood in light of the total amount of debt.
Positive impacts of gambling
There are both negative and positive impacts of gambling on health. Indirectly, gambling can contribute to a healthier lifestyle by reducing stress. Indirectly, gambling can increase the overall economic well-being of a community. Many positive benefits of gambling are related to socialization and relaxation. Some of the following are associated with gambling:
The positive social effects of casinos are hard to measure. Although some recent studies have suggested a positive relationship between gambling and crime, they are not as clear-cut as the negative effects of casino development. According to Williams et al., a city’s casino may be a good thing for the economy if the casino creates jobs, increases tax revenue, and improves the quality of life for residents. This positive impact is reflected in a more positive attitude towards casinos.