Pros of legalizing gambling

The gambling question: pros and cons News Sep 26, by Joan Walters Hamilton Spectator As the debate over a casino ramps up, gaming experts and. Writing sample of essay on a given topic "Pros And Cons Of Legalizing Gambling". Legalized gambling has exploded into a national force. Revenues doubled the past five years (''96). In gambling waging totaled over $ billion.

Legalized Gambling Pros and Cons

Since some punters are addicted to gambling, they tend to engage in crime such as fraud and theft to raise money for gambling. Most to Least Replies: Also thirty billion dollars are made in casinos and another seventeen billion comes from state lotteries. As a Platinum player at 4 casinos, I know all about it. People may say that gambling is a bad thing, because some people get addicted to gambling and lose their money, but it is better to be addicted to a game than something like drugs or alcohol. Cities that have legalized gambling tend to also experience an increase in crime rates.

  It Is Interesting about casino


  •   Croupier's clothes are given out by the casino. There are no pockets there, so you can not hide or steal chips.
  •  The center of the casino is Las Vegas. Every year 40 million gambling people from all over the world come here.

Pros And Cons Of Legalizing Gambling (Essay Sample)

Nevada is the first state to make it legal for state residents to play poker online. It won't be the last, however.

At least a dozen states are looking at Internet gambling as the latest means to replenish their coffers. States got the official go-ahead to consider online gambling late last year -- two days before Christmas. Illinois and New York had asked the U.

The DOJ ruled that neither the Wire Act a law that many believed precluded Internet gambling nor the Unlawful Internet Gambling Enforcement Act which makes it illegal for financial institutions to process payments for online wagers applies to lottery sales over the Internet. More specifically, the opinion assured states that so long as the gambling operator and the customer are within the same state and the betting activity does not include sporting events, a state's own laws apply.

That gives state legislators permission to pass Internet gaming laws. The temptation is the revenue. Supporters of legalizing online poker in California came up with an estimate that would indeed be golden to the Golden State: To get a handle on the pros and cons of legalizing online gambling, I talked to David G.

Да, именно мужчинам. Опытная блонди наслаждается сексом больше ничем другим она так не может наслаждаться, как высококачественным трахом.

On reaching her chest, he had to struggle to smash her rib cage, but his brutal blows soon drove the knife upwards. Оделась как можно лучше, а одела она только нижнее белье, которая и начала снимать у окна. 352. 188.

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With every activity in life, some people will take it to the extreme where it causes problems, in terms of addiction.

The majority of people can gamble and have fun, it is only a minority who will become addicted. If we banned gambling, we might as well ban alcohol, the internet and many other things, for which most people treat as recreational. There is always going to be a factor of a small amount of people taking things too far, no matter what. Everyone should get a chance to win a fortune. It's fun and it can create a chance of hope in a man's life.

Sometimes we need this kind of placebos to satisfy our ego. Gambling is a very big business generating huge revenue also. The job opportunities given by this industry is huge and we could never ignore the very fact. Making it illegal will only lead to continue this business in a dirty way. I do not believe gambling should be a crime and I do not see how it costs our society anything in the big picture. If it was legalized, it is a legitimate business that offers jobs, taxes and revenue. These are transactions between consenting adults and therefore, should be legal to help benefit society through capitalism.

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I believe that all people make choices. More and more freedoms are being taken away from us which limits peoples ability to make their own choices. I am tired of a few church ladies trying to tell people how they can enjoy themselves.

Places where there are casinos and legalized gambling can benefit in many ways. People will come in droves to a nice casino, there will be a lot of jobs created, from the building of the casino to the employees in them once they're built.


Where to report gambling losses on tax return

Gambling losses are indeed tax deductible, but only to the extent of your winnings. Find out more about reporting gambling losses on your tax return. This requires you to report all the money you win as taxable income on your return.

However, the deduction for your losses is only available if you are eligible to itemize your deductions. If you claim the standard deduction, then you can't reduce your tax by your gambling losses. The IRS requires you to keep a diary of your winnings and losses as a prerequisite to deducting losses from your winnings. The amount of gambling losses you can deduct can never exceed the winnings you report as income. To report your gambling losses, you must be eligible to itemize your income tax deductions on Schedule A.

You are eligible to itemize deductions if your gambling losses plus all other itemized expenses are greater than the standard deduction for your filing status.

This means that if you claim the standard deduction, you are still obligated to report and pay tax on all winnings you earn during the year. However, you will not be able to deduct any of your losses. The IRS does not permit you to simply subtract your losses from your winnings and report your net profit or loss. And if you have a particularly unlucky year, you cannot just deduct your losses without reporting any winnings.

If the IRS allowed this, then it's essentially subsidizing taxpayer gambling. The bottom line is that losing money at a casino or the race track does not by itself reduce your tax bill. You need to first owe tax on winnings before a loss deduction is available. Therefore, at best, deducting your losses allows you to avoid paying tax on your winnings, but nothing more.



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