Commercial Casino Gaming Revenue Reaches $41.7 Billion in 2018, an All-Time High, is Gambling a Sin?

0
292

Here at FGGAM we are AGAINST GAMBLING! It is not Biblical. The Church has been so weak in standing against the evils of gambling. Read Dr. Jim Denison’s post below this press release by the American Gaming Association. Dr. Denison addresses why gambling is so popular and so addictive. When is the last time you heard a preacher speak to the evils of gambling? I guess many in this society of ours that is sliding down hill rapidly figure my stance is old fashion. So many families, children get hurt badly.

Commercial Casino Gaming Revenue Reaches $41.7 Billion in 2018, an All-Time High 
AGA’s Annual State of the States Report Details 3.5% Year-Over-Year Growth

 

 

 

WASHINGTON – Gaming revenue for the U.S. commercial casino industry reached an all-time high of $41.7 billion in 2018, up 3.5 percent from the previous year, according to data released today in the American Gaming Association’s (AGA) State of the States 2019: The AGA Survey of the Commercial Casino Industry.

 

Key findings from the State of the States 2019 report include:

  • The commercial casino sector—with 465 casinos—logged its fourth consecutive year of gaming revenue growth and outpaced the national economic growth rate in 2018;
  • The industry generated $9.7 billion in gaming taxes for state and local governments, a number that does not account for the billions more in sales, income and other taxes that benefit communities; and
  • Half of the 24 states with commercial casinos reported record annual gaming revenue with nearly every state seeing gains in 2018, contributing to the strength of local economies across the country.

“Year after year, the commercial casino industry has reaffirmed its role as an economic powerhouse in the United States,” said Bill Miller, president and CEO of the American Gaming Association. “More people than ever are experiencing the economic and social benefits of gaming in their communities, due in part to the expansion of legal sports betting across the country.”

 

The rapid expansion of legalized sports wagering following the Supreme Court decision to overturn the Professional and Amateur Sports Protection Act (PASPA) in May 2018 played a role in the industry’s record year. Total industrywide revenue from sports betting grew to $430.2 million in 2018, up from $261.3 million in 2017. AGA anticipates this growth to continue as additional states legalize and regulate sports wagering.

 

“Growth in the commercial gaming sector enables the industry to continue to reinvest in communities, enhance partnerships with small businesses and nonprofits and provide career opportunities for nearly two-million American workers,” Miller added.

 

AGA’s annual State of the States report details the commercial gaming industry’s financial performance, including analyses of each of the 24 states with commercial gaming operations. The report, developed with Gambling Compliance, also provides a breakdown of the legality of types of gaming and number of casinos by state, summarizes major gaming policy discussions and previews opportunities and challenges for the industry.

 

About the American Gaming Association:

The American Gaming Association (AGA) is the premier national trade group representing the $261 billion U.S. casino industry, which supports 1.8 million jobs nationwide. AGA members include commercial and tribal casino operators, gaming suppliers and other entities affiliated with the gaming industry. It is the mission of the AGA to achieve sound policies and regulations consistent with casino gaming’s modern appeal and vast economic contributions.

Is Gambling a Sin?

Here is a post from Dr. Jim Denison from May of 2018:

Why gambling is so popular and so addictive
Dr. Jim Denison | May 16, 2018
READ TIME: 4 minutes
This week, the Supreme Court struck down a federal law that prohibits sports gambling. The landmark decision gives states the right to legalize betting on sports.New Jersey plans to be the first state to offer legal wagering on the results of a game. Delaware, Mississippi, New York, Pennsylvania, and West Virginia are expected to follow suit.

My purpose today is not to debate the legalities of sports gambling. Rather, it is to focus on gambling in the context of biblical truth and God’s best for us.

The promise and power of gambling

According to the American Gaming Association, gambling in the US is a $240 billion industry employing 1.7 million people in forty states. Why is gambling so popular?

The former Director of Gaming Enforcement for the state of New Jersey told a conference that the success of Atlantic City was tied to how well it sold its “only products.” He explained:

“That product is not entertainment or recreation or leisure. It’s really adrenaline: a biological substance capable of producing excitement—highs generated usually by anticipation or expectation of a future event, especially when the outcome of that event is in doubt.”

According to a chief regulator of the industry, gambling is not only a drug, but a mind-altering drug. One author calls it a “controlled substance.”

Psychologists offer several reasons for the popularity of gambling in our culture:

• It provides a sense of partial reinforcement we crave. “I’ll get lucky next time” is a powerful lure.
• Some fall for the “gambler’s fallacy” of believing that a string of losses makes a win more likely.
• The illusion of control causes many gamblers to believe that they have some power over the outcome (whether picking numbers in a lottery or blowing on dice before throwing them).
• Loss aversion is a major motivator: we feel more pain over losing $100 than joy over winning $100. When a gambler loses money, he or she is motivated to keep gambling so as to recover what has been lost.

Solomon observed, “Those who work their land will have abundant food, but those who chase fantasies will have their fill of poverty” (Proverbs 28:19 NIV). He added, “Whoever loves money never has enough; whoever loves wealth is never satisfied with their income. This too is meaningless” (Ecclesiastes 5:10 NIV).

Paul warned that “the love of money is a root of all kinds of evils” (1 Timothy 6:10).

The plague of addictive gambling

As many as 750,000 young people have a gambling addiction. People between the ages of twenty and thirty have the highest rates of problem gambling (defined as “an urge to gamble continuously despite harmful negative consequences or a desire to stop”).

People who abuse alcohol are twenty-three times more likely to develop a gambling addiction. An estimated 50 percent of those with gambling problems commit crimes to support their addiction.

According to the Illinois Institute for Addiction Recovery, there is evidence that pathological gambling is an addiction similar to chemical addiction. Winning at gambling has been compared neurologically to a cocaine addict receiving an infusion of the drug.

Those who are pathological gamblers are highly likely to exhibit other psychiatric problems, including substance abuse, mood and anxiety disorders, or personality disorders.

Problem gambling has also been linked to increased suicide attempts. A report in the US by the National Council on Problem Gambling showed that approximately one in five pathological gamblers attempts suicide. The council also reported that suicide rates among pathological gamblers were higher than for any other addictive disorder.

Step-based treatment programs now exist for problem gamblers. Anti-addiction drugs are being tested on gambling addicts as well.

Responding to addictive gambling

Does the possibility of gambling addiction mean that all gambling is wrong?

Many substances and activities can become addictive. The fact that some people are addicted to their cell phones does not mean that cell phones should be illegal.

But it does mean that you should absolutely know your limits and be aware of any inclination toward gambling addiction. This online test is one way to determine whether you have a problem or not.

Scripture teaches, “Do not get drunk on wine, which leads to debauchery. Instead, be filled with the Spirit” (Ephesians 5:18 NIV). This text does not mean that no one should ever drink alcohol. But it does mean that no one should ever get drunk. Then alcohol becomes the primary determiner of our actions rather than the Holy Spirit.

The same principle applies to any substance or activity, gambling included. If gambling rather than the Spirit is controlling your life, stop and get help now.

The basic temptation in life

The first temptation in human history was to “be like God” (Genesis 3:5). This is still the basic temptation in all of life.

Think about the last sin you committed. At its root, was it not a desire to do what you wanted rather than what God wanted? Was it not a decision to be your own God?

Gambling, whether legalized betting on sports or any other form of wagering, can become a powerful drug. It can easily become addictive and lead to other destructive behaviors. And it can deceive us into believing the lie that we are in charge of our circumstances and our lives.

Only the gambler knows if he or she is wagering for fun or from an insidious motive. Thomas Watson was right: “Sin has the devil for its father, shame for its companion, and death for its wages.”

Every time.

Share
Tweet
Forward
Jim Denison’s Daily Article
Jim Denison, Ph.D., speaks and writes on cultural and contemporary issues. He produces a daily column which is distributed to more than 113,000 subscribers in 203 countries. He also writes for The Dallas Morning NewsThe Christian PostCommon Call, and other publications.
Subscribe to Jim Denison’s Daily Article >>
God Gave Them Wings
by Janet Denison
Explaining the conflict in Gaza as death toll rises to 61
by Dr. Jim Denison
The 70th anniversary of Israel: “If you will it, it is no dream”
by Dr. Jim Denison
MORE ARTICLES FROM DENISON FORUM >>
Copyright © 2018 Denison Forum, All rights reserved.
You are receiving this email because you subscribed to receive Dr. Jim Denison’s Daily Article on today’s news from a Christian perspective.Our mailing address is:

Denison Forum

17304 Preston Rd
Suite 1060

DallasTX 75252-5618

Add us to your address book

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.