Gambling Can Benefit State Debt

Gambling can Benefit State Debt

State debt is a problem that plagues all fifty states in the United States of America. There have been many programs throughout various states to solve this debt but none have proven to be seemingly beneficial. What if there was another solution though? Citizens have already seen the plan to raise taxes, have budget cuts, and take out plenty of loans fail. But what about a riskier and bolder solution? Millions of people gamble away their money every year. If gambling losses were put towards state debt it could be very beneficial.

Gambling losses every year send roughly “more than 2.2 million to state taxes” (text 3 page 1). That number alone creates a small but very noticeable change in state taxes, state taxes are used for everything including paying for unemployment, but casinos can also lower the yearly cost it is to pay these people because a single casino can “create nearly 3,000 jobs and paid tax money into taxes to the state.” (text 4 page 1) Opening a brand new casino does not only create an annual income towards state debt it also contributes towards unemployment rates by creating jobs for everyone inside the casinos chain of workers and even the construction workers hired to complete the building of a casino. Gambling is socially frowned upon and considered a bad solution to problems yet “forty-eight of the fifty states have legalized some form of gambling” (Text 4 Page 2) to be allowed through the eyes of the law. After all, how can you really ban something that generates that big of a venue? Gambling is more of a sport than anything else, there will always be people gambling for either the love of it, the adrenaline of the risk you’re taking putting your money into it, or as desperation because they have no other options. Whether someone is gambling for their most prized possession, for fun, or someone just trying to get ahead of the game by getting a few extra dollars it all boils back to the reasoning that people...