Disadvantages Of Alabama Gambling
Alabama Lottery
Summary
The Alabama lottery is a much debated subject and yet lotteries are proven historical income generating system. While the state currently does not entertain the lottery, Alabama money continues to flow to those states that embraces the lotteries. A number of states that enjoys lottery system, fuel their educational expenditures from revenues that are generated from their lottery (Forrest et al., 2002). Gambling is a form of refreshment and can be essential to the psychological benefits that are usually overlooked (Oster, 2004). Despite their rifeness and recognizable appeal (and the fact that the proceeds are usually used to finance state programs), lotteries are progressively under attack by individuals who feels that the games take advantage of the poor and poorly educated in the society. From a policy perspective, there is a need for the opponents of Alabama lottery to understand the advantages and the disadvantages of other state owned lotteries more fully before embarking on criticism on this valuable “state asset”. There are numerous writings in economics on why people play lotteries, and although it is not the goal of this literature to fully address this issue, it is interesting to speculate on what type of theory would produce the empirical results on the benefits of state lotteries (Morgan, 2000).
Gambling is an essential human activity that can serve a valuable function for both the individual and the society as a whole (Forrest et al., 2002). In the …show more content…
Such transference could also possibly generate a more justifiable revenue source through levy of the gambling industry as a whole, though such a levy would only be a fraction of the revenue proceeds currently collected by the
Summary
The Alabama lottery is a much debated subject and yet lotteries are proven historical income generating system. While the state currently does not entertain the lottery, Alabama money continues to flow to those states that embraces the lotteries. A number of states that enjoys lottery system, fuel their educational expenditures from revenues that are generated from their lottery (Forrest et al., 2002). Gambling is a form of refreshment and can be essential to the psychological benefits that are usually overlooked (Oster, 2004). Despite their rifeness and recognizable appeal (and the fact that the proceeds are usually used to finance state programs), lotteries are progressively under attack by individuals who feels that the games take advantage of the poor and poorly educated in the society. From a policy perspective, there is a need for the opponents of Alabama lottery to understand the advantages and the disadvantages of other state owned lotteries more fully before embarking on criticism on this valuable “state asset”. There are numerous writings in economics on why people play lotteries, and although it is not the goal of this literature to fully address this issue, it is interesting to speculate on what type of theory would produce the empirical results on the benefits of state lotteries (Morgan, 2000).
Gambling is an essential human activity that can serve a valuable function for both the individual and the society as a whole (Forrest et al., 2002). In the …show more content…
Such transference could also possibly generate a more justifiable revenue source through levy of the gambling industry as a whole, though such a levy would only be a fraction of the revenue proceeds currently collected by the