What could cause you to lose all your money or make you millions? The answer is gambling. Many people view gambling as a morally wrong activity or just plain stupid because you are risking your money. Gambling can be seen as a bad thing, but it can also be seen as a good thing. Gaming helps Nevada's economy because of the amount of money it brings in and the amount of tourism Nevada receives. The money it generates is an excessive amount that is taxed and goes directly back to the state. Gambling is not such a bad thing as people think. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essay Gambling is the concept of betting money or something of value on something random. According to The Fact, “More than fifty-one percent of the world's population gambles in one way or another. » (The Fact Site). This means that for most people, they could play without even thinking too much about it. Many casino owners and governments directly benefit from the legalization of gambling. Casinos are part of the entertainment industry. These casinos are basically like an adult video arcade. Casinos offer games, entertainment, food, lodging and other services. They simply provide an atmosphere and their services to a few. Like any other business, they try to make money by trying to find what people want and selling it to them. Gambling has not always been legal in Nevada. Review Journal.com states: “Las Vegas' economy had been sluggish for several years, leading civic leaders to wonder when or if better days were ahead. Both major industries have stumbled and show no signs of returning to their original strength. The rest of the country was also experiencing major problems. Government stimulus spending was helpful, but had a limited lifespan. Various local ideas for diversification came to nothing. Welcome to Las Vegas in March 1931 – a strange echo of March 2011 Facing these obstacles 80 years ago, the state sparked the transformation of Las Vegas from a dusty train station to an international metropolis. To this day, this influence is difficult to ignore. On March 19, 1931, Governor Fred Balzar's signature signed into law the most liberal divorce laws in the nation. However, few people noticed it at the time, as another simultaneous measure legalized all forms of casino gambling for the first time since 1909. Both reforms came eight days after the federal government awarded the $49 million construction contract for what was then called Boulder Dam. culminating years of local lobbying for the project. Although preparations were already underway, the contract opened the floodgates of spending to tame the Colorado River. “This represents a month in Nevada history,” says retired state archivist Guy Rocha. “Although it took some time to develop, modern Las Vegas arguably begins in March 1931.” More information on the history of gambling, according to History.com, "In an attempt to lead the state out of the difficult times of the Great Depression, the Nevada state legislature votes to legalize gambling. "In the Great Basin desert, few settlers wanted to live in Nevada after the United States obtained the territory and the end of the Mexican War. Later, in 1859, settlers discovered the "Comstock Lode" which discovered gold mines. Gold and silver has been booming for quite a while.period. At the start of the Great Depression, mining began to decline quite rapidly and the economy was collapsing. In 1931, the Nevada state legislature chose to take a drastic step and legalize gambling. In 1905, Las Vegas was created. Since then, Nevada has become the gaming and entertainment capital of the world due to its famous casinos, nightclubs and sporting events. The main reason why the public benefits from casinos is that they have the right to make a transaction. The public should be able to spend their money on gambling if that's what they want to do. There are many different ways to play, such as casinos, state lotteries, drawcards, bingo, sporting events, and the Internet, to name a few. Although gaming is very popular, some individuals and groups continue to scrutinize and attack this industry. People strongly opposed to gambling would like the federal government to control it, or even ban it altogether. Gambling is neither immoral nor unethical. Gambling provides economic benefits, including jobs and reduced government assistance. The gaming industry supports research and education. The percentage of low-income people who gamble is low; the majority of players have higher incomes and can afford it. The game has been part of history and different cultures since ancient times. Additionally, the percentages of those who are in favor of the game are significantly higher than those who are against it. Restricting or banning gambling is wrong. It is the right of each individual to decide whether to play or not, based on their own personal beliefs. It goes back to the saying that if people want to spend their money on gambling, they should be allowed to do so. They spend their money, it's not like they spend other people's money. The money they spend goes to taxes. According to Regina Garcia Cano of the Associated Press, her article Largest Nevada Casinos...it says: "The state's largest casinos reported revenue of $1.6 billion out of total revenue of $26.2 billion during the financial year. which ended on June 30, according to data from the Nevada Gaming Control Board. Reported revenues from 272 casinos were 59 percent higher compared to the previous fiscal year, while revenues increased by 3.7 percent. (SeattleTimes)The state with the most gaming revenue, it's no surprise that it's Nevada. “It’s no surprise that Nevada is king when it comes to gambling tax revenue. More than half of all commercial casinos in the United States are located in the state, where gaming generates $52.9 billion in economic activity. Gaming supports more than 430,000 jobs and generates $7.9 billion in tax revenue, including $903.4 million from gaming taxes.” (Cheatsheet) These are just taxes on slot games and such. There are other types of gambling, such as sports gambling. “$5.01 billion was wagered on sports in Nevada, and casinos collected $301 million on those bets, also a record. » In terms of diversity and positive action. Native Americans have become one of the major races to take up gaming. According to Native American Gaming, Indian Country said today: "The history of commercial Native American gaming began in 1979, when the Seminoles began organizing bingo games. Before this, Native Americans had no experience with large-scale commercial gambling. Native Americans were familiar with the concept of small-scale gambling, such as betting on sporting competitions. For example, the Iroquois, the Ojibwaysand the Menominees bet on snow snake games. Six years after the development of commercial gambling among Native Americans, seventy-five to eighty of the three hundred federally recognized tribes became involved. As of 2006, approximately three hundred Native American groups were hosting some sort of gambling. Some Native American tribes operate casinos on tribal lands to provide jobs and revenue for their government and tribal members. Tribal gaming is regulated at the tribal, state, and federal levels. Native American tribes are required to use gaming revenues to support government operations, economic development, and the welfare of their members.” (Newsmaven) As gaming becomes more and more common in today's society. The advantages and disadvantages of building casinos and other gambling establishments must be examined. Casinos have been shown to benefit local economies by creating jobs and generating tax revenue. When it comes to gambling, no matter how much money you win, win that real amount. You still have to pay a certain amount of taxes. “Any money you win from gambling or betting is considered taxable income by the IRS. The same goes for the fair market value of any item you win. Gambling revenue is not just about card games and casinos; it includes winnings from racetracks, game shows, lotteries and even bingo. Certain special rules apply to gambling revenue and there are strict record-keeping requirements. However, you may be able to deduct gambling losses." (Efile) Efile goes on to say: "Gambling income is almost always taxable income. This includes cash and the fair market value of any item you win. By law, gambling winners must report all winnings on their federal income tax returns. Depending on the amount of your winnings, you may receive one or more W-2G forms, which show the amount of your winnings, as well as the amount of your winnings. of the tax withheld, if applicable. You will need these forms to prepare your tax return. Remember, even if you don't get a W-2G, you must report all your gambling winnings." All tax money goes back to the state and nation. When it comes to the school system, Ballotpedia says, “education accounted for 22.9 percent of state spending,” meaning nearly a quarter of tax money goes to the Department of Education. Gambling may seem like a malicious act. In a way, it is. People might think that if you gamble you are committing a sin. Some people may even call you an idiot for spending your money and may not get anything in return. In all honesty, it's really not worth it. Gambling is a morally wrong activity for some, but for others, it's all they know. Nevada wouldn't be what it is if gambling wasn't legal or didn't exist in general. Gaming creates so many different jobs in the economy. It also brings a lot of tourism, especially because Las Vegas is the number one gambling city in the world. According to the Nevada Tourism Commission, “Nevada is 4.4 times more dependent on tourism than the U.S. average.” They also added that “Nevada tourism generated $101 million in tax revenue…. 447,000 jobs are created thanks to tourism. (leg.state) Tourism is an effective method that is used all over the world, especially in Nevada, to grow businesses and create more jobs. Around 463,000 jobs were supported by the./