Gambling Post #1

Today I searched through several different databases to learn more about my topic of gambling and all the places it impacts from the people to the government. Overall I gathered together six sources today from many websites from the library subscription database to other great sources such as CNN and the Chicago Tribune. One of the websites that was very insightful to me was ABC-CLIO which talked about the economic side of gambling. The gambling industry is one of the most profitable business areas in the entire world and it is intriguing to see if this business will help or hurt the economy. It could go either way because on one side of it, the government will be able to generate billions of dollars in revenue and then they are free to spend it on necessary things that will help the country out. On the other side of it, the consumers will be losing so much money from the addicting game and then the consumers will not have money to spend within the market of the economy making the economies profits lower. Through ABC-CLIO they took the approach that this industry actually helps out the economy as more money comes into the economy instead of it staying with their consumers and allows the government to spend money of necessary things such as construction and maintaining parks. This sources believes that if there is more money in the government, they will have more money to build necessary things, that will help generate more jobs in these areas. This is just the beginning of my research, but the facts and analysis I learned from this one article has not swayed me to believe that gambling actually does help out the economy as a whole.