The Pernicious Nature of Gambling

Over the last twenty years, the growth of the gambling industry has been staggering. Increasingly, more and more states are legalizing all forms of gambling. It is on several Indian reservations and the respective states are now utterly dependent on revenue from some form of gambling. The gambling industry is a huge, worldwide business. According to The Economist, in 2009, the total revenue from gambling worldwide was $335 billion. That percentage total breaks down as follows...