Difference between revisions of "Gambling"

From Wikispooks
Jump to navigation Jump to search
(Created page with "{{concept |wikipedia=https://en.wikipedia.org/wiki/Gambling |image= |constitutes= |interests= }} ==Legal status== Variable. {{SMWDocs}} ==References== {{reflist}} {{Stub}}")
 
(→‎Deep state: minor add on)
 
(One intermediate revision by one other user not shown)
Line 5: Line 5:
 
|interests=
 
|interests=
 
}}
 
}}
==Legal status==
+
'''Gambling''' (also known as betting or gaming) is the wagering of something of value ("the stakes") on an event with an uncertain outcome with the intent of winning something else of value.
Variable.
+
 
 +
==Overview==
 +
In 2008, legal gambling activities generated gross revenues (the difference between the total amounts wagered minus the funds or "winnings" returned to the players) of $92.27 billion in the United States.<ref>https://web.archive.org/web/20070928044027/http://www.americangaming.org/Industry/factsheets/statistics_detail.cfv?id=7</ref>
 +
 
 +
In 2019, the gross gambling yield (GGY) in [[Great Britain]] was 14.12 billion pounds.<ref>https://www.statista.com/topics/3400/gambling-industry-in-the-united-kingdom-uk/#topicHeader__wrapper</ref>
 +
 
 +
==Deep state==
 +
With the large amount of money involved and often dubious legal and moral standing, gambling involves significant deep state interests. Gambling often involves [[underworld]] figures. In the United States the activity was for decades controlled by the [[mafia]]. The profits functions as a bridge to the legitimate business world; sizable sums of drug money, for example, can be lost in a casino every night and thus [[Money laundering|get transferred like this]].
 +
 
 +
Additional parts of the industry is [[corruption]] of politicians and police, the possibility of laundering money through gambling winnings, and the potential for [[blackmail]] with gambling debts.
 +
 
 
{{SMWDocs}}
 
{{SMWDocs}}
 +
 
==References==
 
==References==
 
{{reflist}}
 
{{reflist}}
 
{{Stub}}
 
{{Stub}}

Latest revision as of 21:04, 7 September 2023

Concept.png Gambling Rdf-entity.pngRdf-icon.png
Interest ofClermont Set

Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on an event with an uncertain outcome with the intent of winning something else of value.

Overview

In 2008, legal gambling activities generated gross revenues (the difference between the total amounts wagered minus the funds or "winnings" returned to the players) of $92.27 billion in the United States.[1]

In 2019, the gross gambling yield (GGY) in Great Britain was 14.12 billion pounds.[2]

Deep state

With the large amount of money involved and often dubious legal and moral standing, gambling involves significant deep state interests. Gambling often involves underworld figures. In the United States the activity was for decades controlled by the mafia. The profits functions as a bridge to the legitimate business world; sizable sums of drug money, for example, can be lost in a casino every night and thus get transferred like this.

Additional parts of the industry is corruption of politicians and police, the possibility of laundering money through gambling winnings, and the potential for blackmail with gambling debts.


Many thanks to our Patrons who cover ~2/3 of our hosting bill. Please join them if you can.



References


57px-Notepad icon.png This is a page stub. Please add to it.