The Social Costs of Gambling

Douglas Walker ()

Chapter Chapter 13 in Casinonomics, 2013, pp 153-175 from Springer

Abstract: Abstract Perhaps the most controversial issue surrounding the casino legalization debate is the “social costs” that accompany gambling. The casino industry maintains that its product is simply a form of entertainment like going to movies and football games, and consumers are willing to pay a price for entertainment. But many researchers argue that gambling is fundamentally different from other forms of entertainment because gambling, unlike movies and football games, can lead to addiction. As noted in Chap. 10, the prevalence rate of disordered gambling has been estimated to be between 0.4 and 2.0 % of the general population.

Keywords: Problem Gambling; Social Cost; Pathological Gambler; Government Spending; Indifference Curve (search for similar items in EconPapers)
Date: 2013
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DOI: 10.1007/978-1-4614-7123-3_13

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