Economic winners of legalized gambling?
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Gambling is still considered an unregulated and illegal activity for some people. Many countries are taking more liberal approaches to gambling legislation. Canada is a perfect example of this. It's a nation that has allowed for the economic growth of traditional land-based casinos while also pursuing the bright future of online gambling.
The government is the first winner of the legalization of gambling. Any regulated economic activity warrants taxes. In the Nordic countries, the government taxes both traditional and online casinos. Italy, Canada, and the United States are other examples of nations with a government that taxes its gambling activities. The tourism industry of Las Vegas is also greatly contributing to the tax revenues of U.S. government.
Gambling is not legal in many parts of the world. There are still many underground gambling institutions that operate under the radar. Once gambling is legalized, gambling operators will have the opportunity to carry on with their operations in a perfectly legal manner.
The labor force also stands to benefit from the legalization of gambling activities. Dealers, floor managers, custodial staff, security personnel, fine dining establishments and hospitality services are just a few of the positions that could benefit.
There will be a boost in opportunities for game developers. The online gambling industry is performing at an all-time high. Many game development companies are able to find work because of the success of online gaming market and the increasing demand for quality casino games.
