Skip to main content
It looks like you're using Internet Explorer 11 or older. This website works best with modern browsers such as the latest versions of Chrome, Firefox, Safari, and Edge. If you continue with this browser, you may see unexpected results.
JWU Official Seal

ILS2325 Economics of Sin: Economics of Legal Gambling

Socioeconomic Costs

Costs:

> Bankruptcy and Foreclosure

> Crime

> Family Instability

 

Benefits:

> Added income for gambler

> Supports local business (Casino)

 

Sources:

National Academies Press

Brookings Institution

Fraser Institute

Help for Compulsive Gamblers

Psychological Costs

Costs:

> Can lead to addiction

> Causes mental/emotional highs and lows

 

Benefits:

> Uses gambling as an escape 

> Produces serotonin and dopamine in the brain

 

Sources:

NCBI

Scientific American

Psychology Today

Pathological Gambling