Gambling - Research Article from Drugs, Alcohol, and Tobacco

This encyclopedia article consists of approximately 9 pages of information about Gambling.

Gambling - Research Article from Drugs, Alcohol, and Tobacco

This encyclopedia article consists of approximately 9 pages of information about Gambling.
This section contains 2,676 words
(approx. 9 pages at 300 words per page)
Buy the Gambling Encyclopedia Article

Gambling is a form of risk-taking that may be defined as risking (betting or wagering) something of monetary value on the unknown outcome of an event in order to gain possessions, such as a painting, jewelry, or money. Evidence of gambling has been found in early civilizations and throughout history. For example, many references to gambling can be found in the Old Testament (Hebrew Bible) and the New Testament. However, as with alcohol, different cultures take different views of gambling; some cultures accept or encourage gambling, while others actively reject or discourage it.

The Growth of Legalized Gambling

During the last quarter of the twentieth century, legalized gambling entered its largest period of continuous growth in United States history. Gambling revenues—money that the gambling industry takes in—dramatically increased in the 1990s. For example, in 1996, gambling yielded revenues of $47.6 billion, which surpassed $40.8 billion of combined revenues from...

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This section contains 2,676 words
(approx. 9 pages at 300 words per page)
Buy the Gambling Encyclopedia Article
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Macmillan
Gambling from Macmillan. Copyright © 2001-2006 by Macmillan Reference USA, an imprint of the Gale Group. All rights reserved.