Recent studies have shown that even though there is an upsurge of great economic effects from gambling, host communities of gambling will eventually experience a dramatic and steady rise in serious crime. However, the economic boost cannot eliminate the factors of compulsive gambling, political corruption, and higher crime rates. Most of the year 2007 activity involving gambling generated gross revenue estimated to about 92.27 billion dollars along with 354,000 jobs in commercial casinos in the United States.
The most significant events were the stock market crash in 1929, along with the Hoover Dam project that led to the legalization of gambling in Nevada from the passing of Assembly Bill 98 legalized majority forms of gambling to increase revenues in the state. The Gold Rush, Reconstruction, and Prohibition eras had also played influential roles in for the government to begin legalizing gambling in many parts of the country. The settlers introduced the games of chance, which led to the introduction of lotteries used to raise revenue in the colonies.
The first aspect of gambling can be seen in the British colonies in the Americas. Even though history and society have viewed gambling with a bad eye, it still has led to its legalization. Gambling has also been seen as a malicious act in society, with people looking down upon gamblers and their activities.
