Question by Elizabeth: Does costs of legalized casino gambling in the United States outweigh the benefits?
I guess this would probably mean if it’s not worth gambling. Please provide numbers, names, and resources.

Best answer:

Answer by Travis W
I am unsure of what “cost” you are referring to.

Casinos make profits by offering a product that people are willing to pay money for. In the case of casinos, their product is entertainment. This product generates *huge* profits, a large chunk of which go towards paying taxes. Further, just as with any business the costs involved in delivering the product come directly from the owners of the business, not from any “public” money as you seem to imply.

In other words, casinos offer a large net gain in revenue to both the casino owners as well as the taxing authorities that get a cut of the profits.

As I understand it, the primary reasons that casino gambling is illegal in some parts of the US is because gambling is considered a vice. As for me, I have a philosophical problem with any governmental authority telling individuals what they can and can’t do with their money as long as those activities don’t directly harm anyone else. If someone wants to stick a buck into a one armed bandit for the thrill of the thought that they might win a big jackpot, what right does the government have to tell them they can’t?

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