Gambling is a game of chance where players wager something of value on a random event. There are three basic elements in gambling, which include risk, strategy, and a prize.
While studies on the impacts of gambling have largely focused on the costs of gambling, empirical work has also looked at the social impacts. Some studies have found that gambling is associated with increased social deprivation. In other cases, gambling has had a positive impact on the lives of seniors, who have reported a higher quality of life.
Among problem gamblers, financial harms are common. Studies have shown that 34% of these individuals experience severe financial problems.
Financial harms are a major source of social care expenses. Problem gambling can lead to family disruption and homelessness. Even nonproblem gamblers may experience financial difficulties.
Problem gambling has been linked to increased rates of dating violence and homicide in families. Additionally, it has been associated with intimate partner violence and physical IPV.
Casino gambling has increased the prices of living, especially in the real estate sector. These costs have increased faster than the salaries of average workers. As a result, small businesses have had difficulty with inflation and shop rents.
Studies on the social impacts of gambling have mainly been conducted in North America. Nevertheless, studies on the effects of gambling on other countries have been underway.
Gambling has been shown to have a negative effect on public services. Moreover, it can lead to increased demand for social services. Those affected by problem gambling can benefit from counseling and support from friends. Getting help is free. The National Helpline is 1-800-662-HELP (4357).