Presentation on Benefits of Gambling to the economy.

1. THE BENEFITS OF GAMBLING TO THE ECONOMY

2. INTRODUCTION
“To risk something of value on
the outcome of an event or
contest.”

3. Common Types of
Gambling
Casinos
 Sports Bets
 Games of Skill (like hoops, pool) Video/Arcade
 Bingo Games
 Lottery
Source: Carlson & Moore, 1998  Internet

4. HOW COMMON IS GAMBLING!

5. BENEFITS OF GAMBLING
• Tourism
One clear-cut advantage of gambling
 adds up to a big boost in the local economy
• Employment
 Gambling can help the economy by creating jobs for locals.
 This is true in all areas, whether the local economy is poor or not.
• Better Health (This might sound crazy)
 Gambling has been proven to actually help senior citizens to reduce their health problems.
 Studies have shown that seniors who gamble aren’t as likely to suffer from
- Depression
- Alcoholism etc.
according to the University of Yale, gambling helps keep the minds of the elderly sharp and
gives them a fun recreational activity to do.

6. • Charity
For centuries now, gambling has been used by state-run and charity organisations to raise money
for different causes.
Some of the most common ways that charity organisations use gambling to raise revenue is by
holding
- Large Bingo games,
- Having lotteries or raffles, and
- By holding charity poker events.
• Entertainment
Probably the main reason that people gamble is for the entertainment value that it provides
them.
Going beyond just the entertainment provided by the act of gambling, going to a resort and
casino is often something that many gamblers look forward to as it provides them with a getaway of
sorts.
• Tax Revenue
Most casinos will earn over 50% of their money from non-local people and a good chunk of
what they earn will go towards taxes they must pay to the community.
Seeing as how many casinos have to pay taxes that are above 20% just based on their total
revenue, this is normally far more money than other businesses are going to be brining into
their area.

7. MAIN BENEFITS TO THE ECONOMY
Tourism
Gambling
Employment Tax

8. Global Gambling Revenues (GGY), by Region

9. CANADA

10. CANADA

11. MACAU
• Tourism is the backbone of Macau's economy, and much of it geared towards gambling
• Due to the opening of the new hotel casinos and China's easing of travel restrictions, there has
been a rapid rise in the number of mainland visitors
• From 9.1 million visitors in 2000, arrivals to Macau has grown to 18.7 million visitors in 2005
and 22 million visitors in 2006, with over 50% of the arrivals coming from mainland China and
another 30% from Hong Kong. Macau is expected to receive between 24 and 25 million visitors
in 2007
• Macau also received the Future Award 2007, voted by 26,000 German travel trade members of
GoAsia, for being regarded as the most promising future tourism destination in Asia. Macau is
currently rated as one of the world's top tourism destinations by the World Tourism Organisation

12. UNITED KINGDOM

13. UNITED KINGDOM
Key facts:
 There are 94,600 people working in
the gambling industry.
 19% of the workforce has an NVQ
Level 4 or above qualification.
 The majority of the workforce has a
NVQ Level 2 qualification (26%).
 14% of the workforce has no
qualifications.
 69% of the workforce is employed
full‐time

14. Social Costs of
Gambling
Crime
 Family Problems  Bankruptcy
 Depression
 Suicide

15. CONCLUSION
• Even though gambling has been one of the most
controversial ways for a state or country to make
money through taxation, there is no doubt that the
money that is made from gambling has helped local
economies become more viable.
• The benefits of gambling outweigh the potential
costs. Building gambling facilities, such as casinos,
creates jobs and provides income to a community
in an already weakened economy. As far as the
potential downsides, an individual is responsible for
regulating their own gambling and knowing when
they have a problem.

16. ANY QUESTIONS?
DON’T go to Google .com
Ask Me

17. REFERENCES
[1] http://www.viaden.com/products/gambling-industry-facts.html
[2] http://oldfraser.lexi.net/publications/digital/gamblingwithourfuture.pdf
[3] http://www.statcan.gc.ca/pub/75-001-x/topics-sujets/pdf/topics-sujets/gambling-jeuxdehasard-2009-
eng.pdf
[4] http://www.statistics.gov.uk/hub/economy/government-receipts-and-expenditure/taxes-and-revenue
[5] http://www.777.com/casino-articles/benefits-of-gambling
[6] https://www.uktradeinfo.com/index.cfm?task=bullbett&hasFlashPlayer=true
[7] http://graafix.blogspot.com/2011/05/waving-flag-animation-of-uk.html
[8]
http://readingroom.skillsfundingagency.bis.gov.uk/sfa/nextstep/lmib/Next%20Step%20LMI%20Bitesize%
20-%20People%201st%20-%20gambling%20-%20Jun%202010.pdf
[9] http://en.wikipedia.org/wiki/Economy_of_Macau#cite_note-DSEC_tourists-13
[10] “ DSEC - for the current data of visitor arrivals by place of residence". DSEC. Retrieved 2008-01-08.