Ads
related to: gambling
Search results
Results From The WOW.Com Content Network
Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize. [1]
Online gambling by young people can have a devastating impact on individuals, families, and communities. Due to their developmental stage, children and adolescents are at a heightened risk of developing this addictive behavior. Compulsive gambling can lead to feelings of shame, guilt, and loneliness in young people.
The casino floor at Wynn Las Vegas in Paradise, Nevada. In the United States, gambling is subject to a variety of legal restrictions. In 2008, gambling activities generated gross revenues (the difference between the total amounts wagered minus the funds or "winnings" returned to the players) of $92.27 billion in the United States.
“I realized gambling was a problem when, despite my consistent salary, I couldn’t keep savings, had mounting debts and prioritized gambling over basic living expenses,” Whitaker said.
The history of gambling in the United States covers gambling and gaming since the colonial period. The overall theme is one of a general lack of formal regulation (but sometimes significant religious or moral disapproval), giving way by degrees to widespread prohibition by the early 20th century, followed by a loosening of restrictions in the late 20th and early 21st centuries.
Casinos were prohibited in Ohio before 2009, so gamblers instead visited casinos in Indiana, Pennsylvania, West Virginia, and Michigan where they were permitted. In November 2009, Ohio voters approved a measure that would allow for four casinos to be established in the state, one each in Cincinnati, Columbus, Cleveland and Toledo.
Ad
related to: gambling