How Does Gambling Effect The Economy Essays - Psychiatric Diagnosis

How Does Gambling Effect The Economy? How Does Gambling Effect Society? It's just another Saturday night in just about any common town in America. The family sits around the television discussing how much money the twenty tickets in their hands are going to make them. The jackpot is fourteen million. Before the numbers have been shown, the family discusses how to spend the money and how much better their lives are going to be after they win the money. Then finally, the moment of truth. The numbers come across the screen. The first one matches so does the third and the fourth. Well we didn't win this time but we're getting closer. I know if we just buy a few more tickets, next time we're bound to win, Mother says. Many Americans feel the same way. The lottery stands at the top of the gambling industry for several reasons. In the words of one lottery director: Lotteries are different from any other form of gaming product. Lottery players risk a small amount of money against very long odds to win a large prize, with net proceeds going to the public's good (Jones, 9). With lotteries operating in 37 states and in the District of Columbia, Lotteries are the most widespread form of gambling in the United States. Of all the other forms of gambling, it is the only one the majority of adults report having played. It is also the only form of gambling in the U.S. that is a virtual government monopoly. State lotteries have the worst odds of any common form of gambling, but they also promise the greatest potential payoff to the winner in absolute terms, with prizes usually amounting to tens of millions of dollars. Many Americans actually believe that they will win millions. What they don't know is that with most state lotteries their chanc es of winning are approximately 1in12-14 million. While many good things come from gambling, there is a downside to everything. In this case, many examples of addiction exist. Along with this addiction to gambling a lot of neglect arises not only of other financial responsibilities but neglect of the gambler's family and friends. Another problem that will be discussed is the problem of underage gambling. This research paper will show you the downsides of gambling in today's society. One downfall of gambling, for instance, the sale of lottery games to minors is illegal in every state; yet, by all measures, there sales are commonplace. A survey in Minnesota of 15- to 18-year-olds found that 27% had purchased lottery tickets for themselves (Gearey, 19). Even higher levels 32%, 34%, and 35% in Louisiana, Texas, and Connecticut, respectively (Wallisch, 78). In Massachusetts, Connecticut, and other states, lottery tickets are available to the general public through self-service vending machines. It is not surprising then that a survey conducted by the Massachusetts Attorney General's office found that minors as young as 9 year-old were able to place bets on keno games. Seventy five percent of Massachusetts's high school seniors report having played the lottery (Shaffer, 9). Ironically, since the lottery money goes to help the children's education, then the kids are helping pay for their own schooling. Also growing evidence reveals another downfall. The new games the lotteries have introduced to increase sales are more addictive and are compounding the problem of compulsive gamblers; yet few states offer help and money for the treatment of the compulsion. Dr. Lance Dodes, Director of the Center of Problem Gambling at Mt. Auburn Hospital in Cambridge, Massachusetts, estimates that 40% of his patients are lottery players (Halbfinger and Golden, Lottery, A1). A 1996 survey in New York found that 9% of lottery players and 14% of keno in particular fosters the addiction (Golden and Halbfinger, Addiction, A1). One study of the effect of Video Lottery Terminals (VTLs) on compulsive gamblers found that the number of individuals in South Dakota seeking treatment for problem gambling declined significantly during a temporary downtime for the lottery's VTL's, and rose shortly once they were returned to service (Carr, et al, 31). The compulsion is widely recognized, even by those in the industry. Gambling, including playing the lottery, is extremely addictive and is dangerous and destructive for some people. The new