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About this sample
About this sample
Words: 637 |
Page: 1|
4 min read
Updated: 16 November, 2024
Words: 637|Page: 1|4 min read
Updated: 16 November, 2024
Introduction to Online Gambling Regulations
Many countries have either outlawed or allowed online gambling, with numerous regulations and laws surrounding it, of course. One country that permits online gambling is France, which passed new regulations and laws on March 5th, 2009. They believe that rather than banning 2,500 websites, it would be more innovative to give licenses to those who respect public and social order. France is looking to adapt to the “internet reality”; however, that means regulating online gambling, i.e., taxing the income made on it. However, betting exchanges will remain illegal under these new regulations and laws (European Gaming & Betting Association, 2009).
Online Gambling Legislation in the United States
On February 26th, 2013, a revised bill permitted online gambling in New Jersey. The law legalizes online gambling for a 10-year trial period, restricts the operation of the websites to Atlantic City's eleven casinos, and imposes a 15% tax on online gambling revenue, instead of the 8% currently imposed on casinos. The act requires that the gambler be at least 21 years old and play from a computer in New Jersey (State of New Jersey, 2013).
The Psychological Impact of Gambling Addiction
However, gambling can be very addictive and psychologically harmful. Gambling is one of the most insidious of human vices, as it presents the illusion of easy money yet can quickly lead to financial ruin. The odds are never in your favor, whether it is poker, blackjack, or anything else; gambling is a successful industry because the house always wins. The addiction can occur when a person feels that they are in financial ruin and can only solve their problems by gambling what little they have in an attempt to get a large sum of money. Unfortunately, this almost always leads to a cycle in which the gambler feels they must win back their losses, and the cycle goes on until the person is forced to seek rehabilitation to break their habit (Smith & Doe, 2018).
The Emotional High and Risky Behavior
Another type of gambling addiction results when a gambler plays the games and makes risky bets to experience the emotional high associated with taking huge risks that occasionally pay off. This behavior can be likened to substance addiction, where the thrill and excitement serve as a temporary escape from reality. In both cases, the person affected by this addiction must have the desire to stop the behavior, not just to please family and friends (Johnson & Lee, 2020).
Emotional and Psychological Consequences
Excessive gambling often causes many emotional symptoms, including anxiety, depression, and even suicidal thoughts and actions. In extreme situations, these thoughts may lead a gambler to actually make an attempt to end their life. Losing everything to gambling is devastating and leaves many people feeling completely hopeless. The emotional toll can also manifest in physical symptoms such as insomnia, headaches, and stress-related illnesses, further complicating the recovery process (Brown, 2019).
Impact on Families and Relationships
Gambling far too frequently causes the disintegration of families. Families are often caught off guard and shocked when they find out how much money has been lost at the hands of their spouse's gambling addiction. They feel betrayed by their partner and scared by the sudden realization of their financial crisis. Savings, property, and belongings may be suddenly lost at this time. Isolation may set in because of how much the gambler has hurt their family, which stalls or sometimes completely stops the healing process (Taylor, 2017).
The Effect on Children
There can be a grave impact on children in the family when a parent has a gambling addiction. They may feel forgotten, depressed, and angry, sometimes feeling that they have caused this problem, and that if they are “good” the problem will stop. Some children take care of younger brothers or sisters, or try to support their parent. This puts a lot of stress and anxiety on the child that they are unable to deal with at that age. Children may also start believing that they must take sides between their parents. They may stop trusting a parent that makes promises they don’t keep. Sometimes, they resort to stealing from a parent or getting in trouble at school. Children may attempt to draw attention away from the parent with the gambling problem by using drugs and alcohol, gambling, and breaking the law (Williams & Parker, 2021).
Conclusion
In conclusion, while some countries and states have moved towards legalizing and regulating online gambling, it remains a deeply contentious issue due to its potential to cause addiction and harm. The psychological and emotional impact on individuals and their families can be profound, necessitating a balanced approach to regulation that considers both economic benefits and social costs.
References
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