English Language · English
Read the following passage and identify how the argument is developed about the legalization of gambling. The most evident argument as to why the legalization of gambling has been so widespread is the enormous revenue it generates for governments. With an enterprise that sums up over fifty billion a year, many governments view gambling as a smart way of bringing in money. In a study by Vaillancourt and Roy, the authors stated that the ban on gambling would result in a tax increase between ten and fifteen percent to replace gambling revenues. Given the statistic that 82% of households took part in some form of gambling, taking this activity away followed by increasing taxes would not reverberate well with the public. Such a high proportion of people gambling illustrates how the attractiveness of legalized gambling can entice people to cities, therefore giving a boost to the city's tourism industry, one more sector that welcomes this source of revenue. Cities, where gambling is permitted, are considered to be great tourist attractions. When a casino opens, an influx of money enters the economy because of the increased number of tourists. Las Vegas is a testimony to how tourists' dollars are capable of transforming a barren desert into a highly desired and preferred destination. This increase in the number of tourists results in an upsurge in spending in the community, thus providing opportunities for employment and a boost to the hospitality sector. One of the motives why many people have become keen to try to gamble is because the majority of people no longer see the act as a sinful and dirty vice conjured up by the corrupt underworld. The legalization of gambling has permitted the state to take control away from the criminal underworld. This has weakened the influence of swindlers, forgers, and thieves, all of whom use gambling as an arena for their work. Although placing bets illegally through bookkeepers continues to exist, it is essential to realize that earlier to its legalization, those in control of gambling entirely controlled the underworld.
- 1Influences over minor things to major ideals
- 2Factors affecting different sections of the society
- 3Advantages and disadvantages at random
- 4From a macroeconomic perspective to a micro-level impact✓
Correct answer
From a macroeconomic perspective to a micro-level impact
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Preparing for English Language?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Want more practice questions on English?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in English Language · English