Gambling and Gaming Industry Essay

Exclusively available on Available only on IvyPanda® Made by Human No AI

Introduction

The gaming entertainment industry has recorded tremendous growth over the last few years. This growth has been aided by the evolution of technology. Gambling has been the mainstay of the gaming industry. Gambling includes casino gambling, non casino gambling, and betting.

In the United States, gambling has been legalized and thus most adults find it as their most preferred pastime activity. Gambling can be an addictive behaviour which may result in such instances as escalated personal debts. The paper explores gambling addiction and initiatives by various stakeholders.

Discussion

Compulsive gambling

Compulsive gambling refers to the inability to control an individual’s urge to engage in gambling activities. It is also referred to as pathological gambling. Prevalence of pathological gambling is estimated at between 2-5% in the United States.

There are various causes of pathological gambling but it is mainly caused by other psychological conditions like bipolar disorder and schizophrenia. Other causes include addiction to drugs such as cocaine and an antisocial personality. Contrary to popular belief, regular stressors are less likely to result in pathological gambling.

Signs and symptoms associated with pathological gambling include the use of gambling as an anxiety reliever. In this particular case, an individual uses gambling to relieve him/herself from a depressive state.

Other signs include an excessive urge to engage in gambling which results in the individual running into debts. Also, such individuals are highly irritable especially in cases where they are not in a position to engage in gambling.

Treatment of compulsive gambling involves both use of psychotherapy and drug therapy. One of the most effective psychotherapeutic interventions is the use of group sessions. Such support groups as Gambling Anonymous (GA) are very effective. Also, personal counselling is used to counter compulsive gambling.

Individuals are encouraged to explore other alternatives that can replace the urge to engage in gambling. Counsellors can also recommend remedies for situations where the individual has accumulated huge personal debts including financial counselling. Use of anti-depressants is combined with psychotherapy in conditions such as depression.

Compulsive gambling control Initiatives

Various players in the gaming industry have introduced initiatives aimed at controlling the prevalence of compulsive gambling. One of the initiatives introduced is the National Problem Awareness Week.

More gaming companies participate in this initiative by providing their customers with materials on pathological gambling. Materials include brochures and web postings of used to create increased awareness on the problem of pathological gambling and thus customers are in a position to easily identify it.

Also, legislation has been used to regulate gambling in various states. For example, the Kansas state constitution outlines the tax liability of various gambling activities. Article 15 of the constitution stipulates that between 3%-6% tax rate is applicable on earnings from wagering activities.

In 2007, Kansas amended gambling law to include several state owned casinos. Other gambling activities in the state are classified as a misdemeanour. The United States government has implemented laws to complement state laws in regulation of gambling activities.

For instance, the Gambling Ship Act outlaws gambling establishments and activities in American owned vessels. American citizens are also banned from engaging in gambling activities in such vessels.

Conclusion

From the above analysis, it is clear that compulsive gambling is heavily associated with other psychological conditions. Therefore, gambling remains a popular pastime activity among people in different cultures.

The risk associated with the development of pathological gambling is further reduced by increased awareness initiatives and stringent laws that ensure all gambling activities are monitored closely.

More related papers Related Essay Examples
Cite This paper
You're welcome to use this sample in your assignment. Be sure to cite it correctly

Reference

IvyPanda. (2019, April 3). Gambling and Gaming Industry. https://ivypanda.com/essays/gambling-and-gaming-industry/

Work Cited

"Gambling and Gaming Industry." IvyPanda, 3 Apr. 2019, ivypanda.com/essays/gambling-and-gaming-industry/.

References

IvyPanda. (2019) 'Gambling and Gaming Industry'. 3 April.

References

IvyPanda. 2019. "Gambling and Gaming Industry." April 3, 2019. https://ivypanda.com/essays/gambling-and-gaming-industry/.

1. IvyPanda. "Gambling and Gaming Industry." April 3, 2019. https://ivypanda.com/essays/gambling-and-gaming-industry/.


Bibliography


IvyPanda. "Gambling and Gaming Industry." April 3, 2019. https://ivypanda.com/essays/gambling-and-gaming-industry/.

If, for any reason, you believe that this content should not be published on our website, please request its removal.
Updated:
This academic paper example has been carefully picked, checked and refined by our editorial team.
No AI was involved: only quilified experts contributed.
You are free to use it for the following purposes:
  • To find inspiration for your paper and overcome writer’s block
  • As a source of information (ensure proper referencing)
  • As a template for you assignment
Privacy Settings

IvyPanda uses cookies and similar technologies to enhance your experience, enabling functionalities such as:

  • Basic site functions
  • Ensuring secure, safe transactions
  • Secure account login
  • Remembering account, browser, and regional preferences
  • Remembering privacy and security settings
  • Analyzing site traffic and usage
  • Personalized search, content, and recommendations
  • Displaying relevant, targeted ads on and off IvyPanda

Please refer to IvyPanda's Cookies Policy and Privacy Policy for detailed information.

Required Cookies & Technologies
Always active

Certain technologies we use are essential for critical functions such as security and site integrity, account authentication, security and privacy preferences, internal site usage and maintenance data, and ensuring the site operates correctly for browsing and transactions.

Site Customization

Cookies and similar technologies are used to enhance your experience by:

  • Remembering general and regional preferences
  • Personalizing content, search, recommendations, and offers

Some functions, such as personalized recommendations, account preferences, or localization, may not work correctly without these technologies. For more details, please refer to IvyPanda's Cookies Policy.

Personalized Advertising

To enable personalized advertising (such as interest-based ads), we may share your data with our marketing and advertising partners using cookies and other technologies. These partners may have their own information collected about you. Turning off the personalized advertising setting won't stop you from seeing IvyPanda ads, but it may make the ads you see less relevant or more repetitive.

Personalized advertising may be considered a "sale" or "sharing" of the information under California and other state privacy laws, and you may have the right to opt out. Turning off personalized advertising allows you to exercise your right to opt out. Learn more in IvyPanda's Cookies Policy and Privacy Policy.

1 / 1