Gambling is risking something of value on an activity that involves chance in the hope of gaining a profit. It has existed in virtually all societies since prerecorded history and has been incorporated into many cultures as social activities, customs, and even rites of passage. It is an enigma, promoted as the way to riches and moments of grandeur but is equally capable of creating personal devastation and ruin.
While most people gamble without serious problems, a subset of them develop gambling disorders. These disorders can range from mild to severe and affect the person’s work, family life, and personal health. They may also become self-destructive and commit crimes to finance their addictions. Some of these disorders, such as compulsive gambling, can cause financial disaster, including escalating debt and bankruptcy.
While a lot of research has been conducted to understand gambling, there are still several areas where more information is needed. For example, little is known about the impact of casino development on local economies, beyond job creation and increased consumer spending. Additionally, methodological challenges exist when assessing the personal and interpersonal impacts of gambling. These include determining what effects are caused by the gamblers themselves and what are those that occur as a result of gambling. Those at the interpersonal level include the gambler’s spouse, children, friends, and coworkers, while those at the society/community level include general costs, problem gambling costs, and long-term costs.
