Economic Effect of Gambling in the US

Gambling is one of the American people’s favorite hobbies, and the topic has amazed me since I read the book Bringing Down the House in 5th grade. On a recent college visit to California, I was surprised to learn that one course available for completing the math requirement was called “The Probability of Gambling”, and was a study of the probability behind various card games, including Texas Hold ‘em and blackjack. Gambling is also a popular venue in the media, as can be seen in popular movies such as 21 and Casino Royal. When I was younger, the concept of earning money while playing a game that I enjoyed fascinated me, but as I grew older, I realized the naivety of those beliefs. Casinos wouldn’t offer gambling if patrons were consistently putting the casinos in debt. Now, I am more interested in the effect gambling has had on society, specifically on its economic impacts. I believe that gambling has been beneficial for the US economy in the past and will continue to benefit the economy for years to come, but the stress gambling puts on society has greatly increased problems in communities with high profile gambling industries.

Gambling in the Americas began when the first colonists came from England, and the Virginia Company needed a way to get some profit. They turned to a lottery, which was quite successful, except it was associated with settler’s laziness as well as the economic troubles faced by the colony. The Crown eventually shut down the lottery due to its impact on a royal lottery operated throughout the British Empire. Lotteries were used again by American colonists in an attempt to raise funds for the Revolutionary War without raising taxes. This was extremely successful, and the practice was continued into the 19th century in order to transportation improvements, especially as the Western frontier continued to gain attention and popularity. When gold was discovered in California, gambling became one of the most popular forms of entertainment for miners in the West. However, the economy slid into a recession after the gold rush, leading many people to associate gambling with economic depression. Lotteries were also becoming increasingly corrupt, with organizers fixing the results for a portion of the pot. These circumstances led to nationwide ban on gambling, with the exception being Nevada, where professional gamblers would flock to from across the country to create the foundation for modern day Las Vegas.

The ban on gambling didn’t last long, as the Great Depression forced government leaders to revoke the ban in an attempt to stimulate the faltering economy. Gambling once again grew in popularity, although it only increased the divide between the rich and the poor due to the uneven payoff associated with casino gambling. State lotteries became popular during the Cold War, especially when Reagan became president, because he cut national funding for key aspects of the country such as education and Medicare in order to fund the war against the USSR. Tribal gambling also began to grow in popularity during this time, due to state’s inability to regulate prize money on reservations. Instead of going to state run lotteries or gambling locations, locals and tourists alike would flock to the reservations in the hopes of winning it all, although this rarely ever occurred. These various aspects of gambling have steadily become more popular, with casinos and lotteries providing support for various state economies.

Gambling provides two main benefits to states: casinos bring in tourists while also paying tax to the state for gambling revenues. An influx of tourists means money flows into the state economy without any significant loss of money due to the low odds of winning at casinos. The state gets even more money from gambling because casinos are forced to pay a tax on all revenue earned, with tax revenue almost reaching $1 billion dollars in Nevada. The gambling industry has also created more than 500,000 jobs, lowering unemployment throughout the nation. However, gambling isn’t perfect, and there are other statistics that paint a much more worrisome picture about the industry.

Crime seems to be strongly correlated to gambling, with cities introducing casinos seeing an increase of over 50% in crime rates. This forces states to spend more on the police force, diverting funding away from other projects in an attempt to combat a problem caused by gambling. Organized crime is also a very common issue due to the large amount of cash flowing in and out of casinos each day. Problem gambling also becomes a much larger issue when casinos are present, which in turn leads to a higher crime rate when people need to pay off gambling debt. There are some detrimental aspects of gambling in society, but for the most part, the gambling industry has helped keep the American economy from slumping.

After reviewing the various statistics from my research, I believe that gambling has been beneficial for America. Whenever the country has faced economic hardship, gambling has been promoted or legalized to bolster a weak economy. Not only does it have a positive influence on the economy, but I believe that gambling also benefits the American people. Card games such as poker and blackjack are universal and can help bring people together in social environments. In a few short months, I will be able to legally experience the large attraction gambling has to a large number of Americans. Although there are some harmful side effects of gambling, these are outweighed by the benefit that the industry has displayed throughout history.

Fortnite Basics

Fortnite is the name of a hit new game that was released back in September of 2017. When it was first released there was very little hype about it and did not receive much attention at its initial release. Due to that simple fact, the company that created it decided to offer a portion of the game for free and since the game has become probably the most popular in the world now. There are many aspects that make the game unique.

First off, it is a third person shooter but very animated in its positioning so not very serious in a manner of terms. Along with being a shooter game you are able to harvest materials such as wood, brick and metal and craft different building structures like ramps, walls, floors, and really anything imaginable. The point of the game is to be the last player or squad standing. The game starts out with one hundred players all dropping in from a school bus held in the air by a hot air balloon to a giant island with different little towns and places marked on the map. Each person drops off of the bus and once they land they loot for weapons and shield before someone else finds the loot first. There are many different types of weapons like shotguns, rifles, rocket launchers and many other different weaponry to find. Players open up golden chests that give you multiple items usable in game like potions and weapons as mentioned above. Once a player has the loot they want they must move into the storm circle as the outside storm closes in slowly and forces players together. The storm will slowly decrease your health if you are caught in it till eventually your health runs out. Once your health runs out there is no respawning into the same game as you must start over from the beginning.

The ultimate goal is to be the last one standing and achieve a “Victory Royale”. It is a difficult feat as there are many highly skilled players out there that play and compete viciously on a regular basis. The key that has been found by most of these highly skilled gamers is to be able to build more efficiently and quickly in the heat of a gun fight. These builders are usually the most skilled of players and tend to win more of the games they play. Inexperienced players that are still learning the overall flow of the game do not usually find their first win till many games played. As time has gone on the developers of the game have added special limited time game modes to the mix as well to keep the game interesting and their die-hard players entertained and not becoming bored after so long. The mode that has become a favorite of many is the high explosive mode which takes away all normal weapons and leaves players wandering around the map finding grenade launchers and rocket launchers and a few other specialty weapons to win the game with. These additional modes provide a skill change and allow newer players to become more accustomed to items that are less prevalent in the normal mode and allows them to experiment more freely so they are not unprepared in the regular mode.

Virtual Reality Casino Guide

Did you ever imagine that at some point in your life you would go to a casino… without going to a casino? Yes, you read it correctly. ‘Going but not really going’ is possible with the advanced technology. When Virtual Reality (VR) first emerged, many people were uncertain on whether to applause the news or not. Some were seriously concerned, whilst others saw it a great step in technology that will help in transforming the modern world.

We have come a long way from the online casinos of two decades ago where the attempt to make casinos as more realistic as possible hit a rock due to inadequate graphics and creativity. Thanks to the available high-tech, you can enjoy games with crystal clear graphics and sound effects in popular games like slots and online roulette.

Virtual reality technology and the VR casinos are becoming more widespread and accepted by hundreds of thousands of online gamers from all over the world. Some gamblers prefer playing at a land-based casino where they are free to walk around and choose their favorite slot machines or table games over the online casinos. Regardless, you will find the VR Casinos more immersive, interactive, and entertaining.

In this guide, we explore the emergence of Virtual Reality Casinos, some of the best games you can play, the best VR casino game developers, and much much more.

What is Virtual Reality?
Virtual reality is a simulation, or better explained as an immersive computer-generated world that engages the human senses. Normally, the user must wear a VR Helmet or goggles which will take you to a virtual 3D world. The helmet is equipped with multiple LED screens and a pre-installed stereo sound system.

Since the first VR- helmet sold by SEGA hit the markets over 20 years ago, the technology has made a tremendous advancement in the quality and design of VR technology. There are four renown names which are closely associated with the VR helmets, SONY, HTC, OSVR, and Oculus Rift. These are main producers and developers or VR helmets.

It is important to understand from the start that VR technology is not only utilized in casinos but also in fields like education, health, therapy, military training, and more. But the most industry that is expected to benefit greatly is the casino. In fact, reputable sites like SlotsMillion has already paved the way for the Online Casino.

How does the VR Casino work?
As aforementioned, you will require virtual reality goggles. Once the goggles or helmet is put on, everything will blacken out before a screen appears. This is your new virtual world. The gambler interacts with the screen using a controller and of course, their hands. There is a video released by SlotsMillion Casino where viewers can witness the sweetness of playing at a VR casino.

Using this technology, players are able to enter into a standard casino with slot machines, roulette tables, cool jazzy music, bar disks, lounge couches, and much more. You can choose to gamble on the go or from the coziness of your couch.

Which games are available in VR Casinos?
Although the VR casino industry is still at an embryonic stage, a couple of great games have emerged from different software developers like Microgaming and Net Entertainment. If you are interested in playing VR casino games, you will probably come across an array of over 40 titles in SlotsMillion Casino such as Slots, Poker, Roulette, Blackjack tournaments, Gin Rummy, and Poker Dice.

VR Slots

Virtual reality slots are the most popular and played VR games. Maybe its due to their attractive graphics, animations, and sound effects. You can expect to find titles like Starburst, Fox in Wins, Ace of Spades, Pistols and Roses, Big Bad Wolf, Go Bananas, Gonzo’s Quest, and Robbin Hood Shifting Riches.

VR Blackjack

There is a good number of virtual reality Blackjack variations with the same fun and excitement as in online casinos. Using the VR goggles, you will be able to reach out and place your chips on the table, feel the cards, stand, hit, double, just like in a brick and mortar casino.

VR Roulette

Virtual reality roulette games are the third most popular in VR casinos. The reason is that it is loved by both high roller and low budget gamblers.

Who are the pioneers of Virtual Reality casino games?
Virtual Reality games are spreading at an alarming speed and many players are getting attracted to them every day. As a result, two of the most reputable software developers have taken the initiative of delivering players with the first games in VR Casinos. These companies are the true visionaries who have made this dream come true. The two main pioneers are none other than the multi-award winner, Microgaming, and Net Entertainment.

Net Entertainment

NetEnt has been in online casino industry since 1996 and it is the company responsible for the popular VR slot games like Jack and the Bean Stalk, and Jack’s World. The games come with high-quality 3D graphics, great sound effects, and animations, just as you would expect from the developer.

Microgaming

Microgaming is known for supplying some of the best slots titles to some of the industry’s best online casino sites. Other being the ground-breaker in the world of virtual reality, Microgaming has developed the most exciting games which have won it multiple awards over the past years.

What are the advantages and disadvantages of VR casinos?
Similar to any other online casino games and sites, there are some weaknesses and strengths of playing at a VR casino. Here are some of the advantages and disadvantages of VR casinos:

Advantages

• VR casinos have the ability to detect the player’s presence in the game.

• Gamblers are able to chat and converse with others while playing.

• VR Casino games are available in a great array and they are expected to grow.

• Players get an opportunity to step out of their daily routine

• There is constantly updating in the virtual reality casino industry.

Disadvantages

• There is a risk of being addictive

• Players tend to spend more than their set budget

What do I need to play at a VR Casino?
Before you start playing at a VR Casino, it is prudent to check and see that your computer has the necessary aspects. This will enable you to download the VR casino software and install it on your machine without difficulty. So, here are some of the basic aspects needed for Virtual Reality casino gaming;

• Windows 7 SP1 and higher

• Intel i5-4590 or higher

• NVIDIA GTX 970 / AD 290 or higher

• At least 8 Gigabyte plus RAM

• HDMI 1.3 video out-compatible

• 2 USB 3.0 ports

Bottom Line
The virtual reality casino is the most incredible invention in the gambling industry and the real future of online gaming. Although the games are not many compared to online casinos, you will definitely be immersed, entertained, and stand a chance of winning huge prizes. Remember, gambling is highly addictive. Gamble Responsibly.