Part II Dream vs. Reality Get Rich Quick Schemes Essay

Part II Dream vs. Reality Get Rich Quick Schemes - Essay Example No matter what is said or done by advocates or opponents of gambling in all its various forms, it is an activity that is practiced, or tacitly endorsed, by a substantially majority of Americans." This statement, as have been proposals for legalization, has been ignored. These proposals have been rejected and, to data, casino gambling is only legal in a handful of states. Legal prohibitions against gambling have contributed to the emergence of an underground, illegal gambling sector which is not only flourishing but, continually expanding. Estimates place the total gambles illegally wagered over the past year at $48 billion. Apart from this meaning that states are losing an important, and major, source of revenues, there is a more disturbing implication. Within the parameters of an underground, black market gambling industry, the activity is unsupervised with the consequence being the participation of underage youth and the proliferation of no limits' gambling which both sustains gambling addictions and often leads to financial ruin. Through the legalization of gambling, implying the movement of an underground activity to the open, not only will states benefit from a wealthy source of revenue but the supervision of the activity by law enforcement will lead to stricter adherence to both age and ga