Gambling and SOCI (Part 1) Gambling in America All but two U.S. states (Utah and Hawaii) have legalized gambling. Gaming revenue is a $73 billion+ industry nationwide.
Source: American Gaming Association Gambling in Minnesota Gambling is one of the fastes
Regulation (Part 2)
1. Regulatory liberalisation
What works: lessons from Oz
Control over market entry, regional monopolies
Licensing & regulation of gaming staff
On-site 24 hr government inspectorate
Parallel surveillance systems, override
Regulation (Part 1)
The traditional role of government to regulate
Commercial gambling as a privilege, not a right
Control over market entry, probity of operators
Crime prevention, consumer protection
To generate revenue
Gambling and SOCI (Part 11)
Why do people gamble?
Enjoy taking a risk
Potential to win/lose
Can be addictive
Involves taking a chance with your with your person
Gambling and SOCI (Part 10) All choices have costs!
There is no guarantee you will win; that is why they call it "gambling." Balance Sheet Why do people gamble? Who gambles? What are the costs and benefits of gambling? What is the difference between a dep
Gambling and SOCI (Part 9) Probability Luck Little or no strategy involved How likely will something happen
Predictability Strategy based on past performance Some knowledge about outcome Informed choices (even if information is not perfect)
Gambling and SOCI (Part 8)
12/13 chance you will draw another card
Rather low risk of winning
4/52 or a 1/13 chance
What Have You Learned?
Pick 3 Lottery Game:
You have to pick the exact numbers
1/10 x 1/10 x 1/10 = 1/1,000
999/1000 to lose
Gambling and SOCI (Part 7)
Sponsors earn profits based on the odds.
Why do people play, when the odds are against them?
Odds are 7 to 1
You bet $20.
You agree to pay the race track $20 if you lose and it will pay you
Gambling and SOCI (Part 6) Casinos employ thousands of people Social Costs and Benefits
Casinos take revenue from other businesses. There is an opportunity cost
Lotteries are similar to regressive taxes. Lower income have greater impact Income reduced by
Gambling and SOCI (Part 5) Committee on Control of Gambling Government and gambling industry committed to cost induced by gambling problem The Costs and Standard 12.1 Gambling Simone, Paula and Randy meet in the library every day to work on their homework
Gambling and SOCI (Part 4) Each problem gambler cost society US$13,000 per year (US study) Hong Kong costs for 120 thousand problem gamblers =HK$12 billion annually The overall Gov. & societal gain from the gambling industry=HK$13 billion betting duty, 1.
Gambling and SOCI (Part 3)
Express care and concern.
Be specific about the behavior.
Listen with empathy.
What you hope they will do; and
What you are willing to do.
No Judgment. Only Hope.
Problem gamblers need hope for their future and
Gambling and SOCI (Part 2) The Consequences of Problem Gambling Can Be Severe Financial: stealing, fraud, bankruptcy Psychological: depression, suicide Social: isolation, withdrawal Family: neglect and abuse Vocational: decline in work performance Know th
Regulation (Part 3)
Criminal prosecution, licence withdrawal automatic
Crime prevention (contd)
Licence withdrawal rarely used against venues
but publication of breaches, sanctions
Problem gambling crimes