Gambling is a form of risk-taking on uncertain outcomes. It involves placing wagers of money or materials that have value, such as marbles or collectible game pieces (like Magic: The Gathering cards or Pogs) in a game of chance with the aim of winning a prize. It is a major international commercial activity and an important source of revenue for many governments. While some governments ban gambling, others promote it by regulating and taxing the industry.
Despite this, there is limited research on social impacts of gambling. Most studies focus on economic effects, such as revenues and losses to society and business. This approach is limiting because it ignores the intangible costs to gamblers and their significant others. In addition, it overlooks the positive psychological and health benefits of gambling. A more holistic approach can be used to assess the impact of gambling by using quality-of-life weights, also known as disability weights, that measure a person’s burden on society and community services.
Compulsive gambling can cause significant personal, family and societal harm. It is common for gamblers to spend more than they can afford, run into debt and even commit crimes in an attempt to gain more money. In addition, the compulsion to gamble can lead to depression, stress, and anxiety. It can also strain relationships and make it hard to work, study or care for children. If you or someone you know is struggling with this problem, there are effective treatments available. Reach out to a trusted friend or support group for help. Consider joining a sports team or book club, volunteering, or participating in a peer-support program for gambling addiction, such as Gamblers Anonymous.