Legalization Creates Business Opportunity in Internet Gambling

In Tom W. Bell’s address before the National Gambling Impact Study Commission, he presumed that eventually, internet gambling will be legalized. There are ongoing debates on the advantages and disadvantages of the legalization. It is also studied whether the claim of creating business opportunity in internet gambling is true. But experts say that, sooner or later, other states will also demand the same leeway that is given to Las Vegas in terms of gambling legality.

But even though there are designated gambling sites in the country, the development of technology makes it easier for people to access gambling sites online. In fact, people responded in recent studies that they will not fly to Las Vegas just to play in a legal casino. This is probably the reason why illegal gambling sites and fly-by-night gambling areas in the suburbs are created.

Well-meaning people who want to prevent gambling from being legalized have other interests to protect. Because the internet is readily accessible even to the youth, they fear that legalizing internet gambling might expose the young to early gambling activity. But currently, there are indeed minors who do play in online gambling sites. And there is very little that the government could do because the World Wide Web is too immense a sea of information to be monitored constantly to prevent minors from accessing it.

Another good thing about the business opportunity in internet gambling is that competition will beef up among gambling site operators. Each site will invest in its website and gambling games, making it as close to the physical gambling games as possible. The recreation of the experience in a real casino will become the ideal. And contrary to claims that gambling in one’s home is addicting and dangerous, it is not true. Going to a real casino poses real danger because that place is a controlled, carefully studied layout of making people spend everything that they brought there. Everywhere people go, there’s a slot machine waiting to get played. But if people would rather gamble online, people are still subject to external hindrances such as a crying baby or a spouse warning they’ve to stop after they’ve reached their 8th hour in gambling online.

Legalizing internet gambling is the best way to regulate these businesses. There is nothing much that laws can do in order to curtail gambling online. So instead of inhibiting online gambling, the government must legalize it and regulate it once it has been legalized. For now, they can simply focus their efforts on studying how to legalize the activity in order to generate more tax for developing social services. Once it has been legalized, online gamblers can be assured that this move will encourage more companies to join the online gambling industry.

With enough competition in the field and with regulation from the government, there can really be a lucrative business opportunity in internet gambling. Besides taxes that can help the government earn more, the creation of more gambling sites online will also create business opportunities for many people.

Discover The Science Behind The Addiction Of Gambling

At the initial level, gambling seems to be an exciting activity but later it turns fatal for many, who become addicted to gambling. In fact, a large part of the world population is affected by gambling addiction. In America, the gambling addiction is found more in Caucasian Americans. Around 2.5 million are reported to be suffering from compulsive gambling and 15 million are likely to become problem gamblers in the coming years.

What Happens in Gambling Addiction?

The addicted gambler experiences a number of psychological, physical, financial and social dilemmas. Problems of alcohol and drug abuse also become associated with majority of the gambling addicts. Other problems associated with gambling addiction are mood disorder, depression and anti-social personality disorder.

Gambling addiction is very closely associated with a specific medical condition termed as compulsive or pathological gambling. In compulsive gambling, an increase in the uncontrollable preoccupation of the addict takes place with gambling, despite of the negative effects involved. To continue with their addiction, they also resort to means like cheating, lying and even stealing.

Studies reveal that the failures of gamblers are often perceived by them as “near win.” This is caused due to an inflated and faulty activation in their cortices’ region of the brain, which often deals with handling rewards. The gamblers are unable to comprehend that the mistakes are the same and will result in loss.

According to Luke Clark, the study researcher and expert at University of Cambridge, the same system is targeted by gambling as that by drug addiction, which is the dopamine system in the brain. In gambling, the neurotransmitter dopamine gets released during the “near miss” instances.

Primary Causes of Gambling Addiction

In females, this addiction is developed as a consequence of wanting to escape from unhappy situations such as broken relationships or marriages and job frustration or poor mental health such as depression, loneliness, anxiety or hopelessness. It usually affects women aged around 45 years and they gamble at places where heavy skill or experience is not required like slot machines.

In males, this addiction is developed due to low self-esteem or insecurities. It usually affects men aged around 35 years and they opt for competitive table games. Instead of improving their feelings, it often leads them to debt problems, financial losses and broken relationships.

Treatment of Gambling Addiction

Similar to a drug rehabilitation center, professional help treatments are provided to the addicted gamblers in terms of psychotherapy and medications. In treating this addiction, medications like anti-depressants are generally used. In psychotherapy, a useful technique is used where the gambler is asked to interpret the “near misses” in an accurate manner. Considering factors such as the addict’s age, severity of the problem and more, treatments are provided to the gamblers such as group activities and support and therapies dealing with cognitive behavior.

Gambling addiction often intervenes in psychological, physical, social and vocational spheres of life. The addiction of gambling could be devastating for not only the addict but to his or her family also. The only manner by which the loved ones can be protected from this addiction is by making them aware of the facts regarding the addiction.

Gambling Addiction: How Is It Different From Other Addictions

The word “Addiction” is characterized by many people as being a negative compulsion. A person with an addiction is unable to stop doing the thing they are addicted to.

Not all addictions are the same, and even though we are focusing more on gambling addiction, we also want to touch on other addictions that can overtake a person’s life.

What Are The Different Type of Addictions?

There are basically three categories for addictions:

1. Substance
2. Impulse/Emotional
3. Behavioral

Most people relate substance addiction to drugs, but it can also be related to: alcohol, tobacco, prescription drugs, and inhalants.

Impulsive/emotional types include: gambling, stealing, and pyromaniacs (setting fires).

Behavioral types include: eating, shopping, pornography, working, and perfectionism.

The one thing all of these addictions have in common is – control. A person with an addiction, gambling or otherwise, is in bondage to their addiction. The crazy thing about this problem is – they don’t overlap most times. A person addicted to gambling will not have any desire to set fires and a pyromaniac won’t be tempted to gamble.

Taking a Closer Look at Gambling Addiction

There’s a distinct difference between a gambling and substance addiction. Gambling is triggered at an emotional level and substance addictions are craving some type of chemical relief.

The gambling atmosphere is all about “emotions” and “excitement” but alcohol, smoking, stress, anxiety, and many other vices are all part of the casino experience. This is one instance where the initial addiction can lead a person into multiple other addictions.

Casinos spend millions of dollars each year studying the habits of gamblers. Gambling is different from other addictions because of money. Money is the fuel for gambling and the emotional rush comes from having your money on the line.

Slot machines are designed so that the colors and sounds attract people to play; at that point money loses its value. The tables convert cash into chips. By doing this the player loses their sense of value for money; the casino knows exactly what they are doing.

Pathological gambling destroys relationships, it devastates finances, and it can even cause a person to commit suicide. So, what can cause a person to become a gambling addict?

Since gambling is categorized as an emotional/impulsive addiction, we have to look at other emotions that can trigger it. The experts have listed a few:

– Anxiety
– Depression
– Stress (work/family)
– Personal Loss
– Debt

We also have to include the “beginners luck” syndrome. There’s a natural attraction to easy money and lotteries are one example of this fact. The multimillion dollar lottery pools are a reflection of the hope of getting rich, and this is what drives a person to the point of becoming a gambling addict.

When gambling becomes an addiction it goes beyond just winning, it’s more about just playing. People who are addicted can be winning thousands of dollars and not quit, why?

The reason is – love. The love of gambling. The phase of losing and desperation comes next, and this is when the addiction can turn into a monster. Fortunately there is help, and there are help centers waiting to help.