4 Main Reasons Why Online Gambling Should be Legal in 2024

The modern lifestyle has led to changes in absolutely all aspects of human existence. These changes are numerous, and they cover various areas – from work to entertainment. In the 21st century, they are primarily related to digitalization, which is an indispensable process in the modern world.

In recent years, thanks to the accelerated development of technology, online betting has become increasingly popular, which has begun to suppress classical betting – going to the bookmaker. That way, in just a few clicks on their device, the individual was allowed to bet anywhere and at any time of the day. Online platforms such as casinodeps.co.nz offer a huge variety of betting games, where you are not limited to one type of payment, but can choose to bet with cryptocurrencies as well.

However, for various reasons, online betting is not legal in many countries around the world. And many groups support this idea of labeling games of chance as illegal. In this article, we will discuss the opposite and present you with several reasons online gambling should be legal.

  1. The online gaming industry in all developed countries is a significant source of budget revenue

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In countries that have legalized gambling, significant growth of revenue has been recorded.

A good example is the USA, with 495 billion dollars produced from the betting business around the world, the economy can without a doubt profit by this. Players and the administrators get the opportunity to pay betting charges, property taxes, and annual tax expenses, among others, back into the economy.

  1. It would positively influence the unemployment rate

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Every illegal activity, when legalized results in a decrease in the unemployment rate. Normal casinos employ many people from different working backgrounds. Garcons, bartenders, game experts, and so on. Even though online gambling would exclude the bar staff, for sure many people will have the opportunity to at least work from home. Let’s face it, they are already working, but in the so-called “grey economy”. So, why not legalize the activity and turn this into an advantage, increased employment rate. Needleless to say how the country itself could benefit from all the taxes that would be paid this way.

Job opportunities in the labor market could grow as well since the risk of performing the illegal activity would be minimized.

  1. Gambling will always exist

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Let’s face it, making some activity illegal will not make it magically go away. Gambling has always been present in people’s lives.

Gambling has existed for centuries. There is even some information that existed around 5000 years ago, but some say that it is even older. Honestly, no one knows or can find out when gambling first appeared, but that doesn’t stop us from diving into known facts. The cubes were used 3,000 years before the new era. The Chinese had casinos 2500 years ago. Ancient Rome and Greece are known for many games, so gambling is rooted in history.

The modern gambling has started in the UK because the royalty loved to gamble. At the time, horse betting was becoming popular. Betting was mostly illegal, but bookmakers were always finding ways to do business using couriers to take money from customers, they would set up a so-called store somewhere out of the spotlight.

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After the First World War, there were some efforts to regulate gambling with the aim of better control over it and the collection of taxes.

The sixties were also an important time for gambling because the first law that made this activity legal was drafted ten. Which of course resulted in the rise of the number of casinos opening.

With the invention of the internet, everything started to spread, so the first gambling website appeared in 1994. Online gambling and sports betting appeared two years later. With the establishment of the first online gambling website. That was just the beginning, because after that things exploded pretty quickly. Today, it is an industry worth millions, so more and more online gambling websites are constantly popping up.

So, the logical question that we should be asking ourselves is whether we are capable of stopping it by making it illegal? Guess this proves otherwise.

  1. Gambling is in human nature

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We are all prone to gambling, signing up for quizzes where we are lured by a tempting win that would not only solve most of our existential situation, but also allow us a more comfortable life, but for most of us, gambling does not exceed any limits of socially acceptable gambling.

Gambling is fun until it becomes a habit. Unfortunately, the border is difficult to determine. Gambling, in itself, is not a social deviation; it becomes a social deviation at the moment when it ceases to be a game and becomes a constant way of behaving because only then does it cause a series of social, economic, and psychological consequences. Some research has shown that the poorer a society is, the lower the socio-economic standard, the greater the difference between social strata, gambling, and games of chances are on the rise. The answer to the question “Why?” is very simple.

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People who can’t afford most things on the market, that by the way, smiles at us with glittering and tempting billboards and bombard us from various magazines, develop a feeling of insecurity, helplessness. As we are not able to earn the required amount of money quickly (and sometimes not even our entire working life), we resort to “easy” ways of earning money – games of chance. With online gambling, this is happening even more, because no longer are we required to go to a casino, but can access apps and websites that offer to gamble regardless of where we are.

Again, as in the previous remark, we are brought to face the truth that gambling cannot be stopped by a ban. Another psychological aspect of why gambling is being so popular could lead us to acknowledge that this is because it’s illegal. People get a rush out of doing something they’re not supposed to. Maybe, legalizing this activity could also result in a drop in its popularity… It surely would be an interesting experiment.