US Gambling Statistics Show Online Gambling Fun For Some, Dangerous For Others!

In the United States, gambling statistics show that live and online gambling has generated as much as $91 billion per year (as of 2006). The industry is responsible for billions more in related tourist income as well as the economic benefit of hundreds of thousands of jobs. In some states, gambling through lotteries is even used to raise money for college scholarships or much-needed infrastructure projects.When it comes to the gambling statistics related to what kinds of games Americans are playing, there might be some surprises. While commercial casinos still take in the largest share of legal gambling revenue (43% in 2000), and lotteries take second place (28% in 2000), online gambling is estimated to bring in an amount that is roughly equal to what is spent in Indian casinos each year. As the internet reaches more homes, so does online gambling. And unfortunately, so do some of the possible negative side effects.People who oppose gambling in general believe that it brings higher crime rates to an area. Of course, this isn’t eligible for online gambling, unless you consider the possibility of your financial information being misused or hacked. But this risk isn’t any greater with online gambling than with online shopping or bill paying.What is a concern is compulsive gambling. Some statistics on online gambling have shown that about ½ of 1% of the population may have a problem with compulsive gambling. True compulsive gambling means that the person cannot control their impulse to make the next bet, even when they are risking their job, home, health, or relationships. And United States gambling statistics show that people are twice as likely to become addicted to gambling when a casino is located within 50 miles of their home. With the advent of online casinos, there is no longer any true distance at all between a gambler and a casino, meaning more people have the potential to become addicted to their favorite online gambling game at a higher rate than to live gambling or playing the lottery. This has lead opponents of online gaming to call it the ‘crack cocaine’ of the gambling world.This problem has a serious impact for those who suffer from it, with compulsive gambling statistics showing that as much as 48% of the members of Gamblers Anonymous have considered suicide. And of those, more than 10% report having made a suicide attempt.Plus, some opponents fear that there is a great deal of opportunity for money laundering and organized crime via online casinos. Since the US doesn’t allow any of them to be located in the country, companies have set up shop in foreign countries with questionable, if any, regulations. Some fear that US online gamblers may be unknowingly contributing to criminal activity.However, for the majority of us, compulsive gambling statistics don’t apply. Online gambling is just another way to enjoy the internet, and perhaps to even earn some extra spending money! If you are able to set a limit on the amount you spend and stick to it, and if you don’t endanger yours or your family’s financial well being with the limit you set, then chances are you will not become one of the negative gambling statistics. But if you do ever find that your online gambling affects your work, your family, your health, your finances, or your social life, then you may need to seek some professional help.

The Upsides of Gambling

It is so far the quickest way by which one can get rich without breaking a sweat.Gambling can be broken down to the activity of staking money with the speculation of getting much more be it in terms of liquid money or as property. The sweetest part is that you do not have to wait for some time as it is immediate as soon as you wage whatever you have and accept the given conditions of the event.Gambling comes in a variety of ways but the current prevalent type is that of casinos. Casinos have a variety of gambling revolving around them. They include Blackjack card games, Bingo, poker and many others of which most of them are related to cards. What are the advantages of gambling in the current economy?• Gambling provides one of the easiest ways through which one can get rich without the consideration of education, background, beliefs, gender and so much more. It has no strings attached as long as the person engaging in is an adult and has the necessary knowledge of what he or she is getting into.• There is the extra advantage of speculation in gambling. You might literally look at it from the point view of no surety when you put your foot into it, but in contrast, what if it was one of those few lucky days? The sun may shine your way on any particular day and therefore no such skill as gambling is required to determine your fate by the end of the day.• In a given report; gambling accounted for about $335 billion in 2009, which makes it a vital backbone in international commerce. This means that many people, despite the continued worldwide skepticism, have embraced the trade and many are flying high on such accrued profits.• It is not all about the money where gambling is concerned. At times it’s about the fun, about that feeling that comes out of participating in such events. Everyone participates in what they enjoy doing best and it also takes place in a social place making it fun, transparent and worth the while.Casino gambling has taken its toll and its time that people learnt to appreciate the advantages that comes with it. Despite the absurd things that people associate gambling with, people should look at it at least from that brighter side. All in all we have the necessary knowledge with us which should put us at a better position and more so not leave out the fun involved as we take part in any gambling.Be sure to gamble only with money you can afford to lose.