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In: Economics

Are legalized forms of gambling, such as state-operated lotteries, consistent with a continuing public policy against...

Are legalized forms of gambling, such as state-operated lotteries, consistent with a continuing public policy against the enforcement of gambling contracts? Why or why not?

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Expert Solution

ans.....
Legalized Gambling
the legalized gambling we means that the gamblings are allowed by the government. but this is not benefit for the government. in the united states state owned lotteries are one of the most important form of legalized gambling. the state owned lotteries are provided lots amount of dollers for the government. the problems of gambling we will be discussed.
1.the legalized gambling is more attractive than the illegal gambling.
2. this will provide safeguard of all financail pproblems by the consumers.
3.the legalized gambles are to be controlled by the stae government rather than private individuals.
the govenment make the gambling is illegal for moral. the lotteries for the sate government is bad one. becuase the peoples are aliways use the gambles are illegal way. the state cannot create the criminals directly. the morally peoples are risk lovers. so they can engaged for more gambling activities. it adversly affected by the government of the state.


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