Gambling Boom

Will the gaming industry's growth hurt society?

Introduction

Only a decade ago, gambling was a simple mix of lotteries, parimutuel wagering and casinos aimed at adults. But in just a decade, gaming has evolved into a vast entertainment industry that is spreading across the American heartland and competing with Orlando for families' vacation dollars. Gross annual revenues from legalized gaming have reached $30 billion -- six times the box-office revenues from motion pictures. Further growth is anticipated as casinos proliferate on Indian reservations and riverboats, and video-gambling devices and innovative “scratch” games spark additional revenues. Meanwhile, mental health professionals worry that greater access to wagering may lead to increases in compulsive gambling -- a disorder that has been likened to alcohol and tobacco addiction.

locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles