Effects of online betting on the national economy

by Mohimenul Islam SEO service provider

We all know that online betting is bad for us. It has some serious effects on individuals. It kills our time, it kills our money, it makes us lazy, ill, it creates a gap between us and our family as well as friends and many others.

But do you know it has some serious effects on the national economy as well? if not then enrich your knowledge and know the effects of online betting on the national economy. Here we go.

 

It increases the unemployment rate

The first impact of it is that it increases the unemployment rate. If see carefully, you will find out that most of the gamblers are unemployed. They do not have any work and they want to work at all. That also, online betting makes it easy for people to play it by sitting at home. Now those people do not even go outside at all. That means day by day the unemployment rate of it is increasing because of this stupid online betting. And when this happens, there has some serious impact on the national economy.

 

It decreases the national revenue

It decreases national revenue as well. When you join any online betting site, you have to deposit the money at first. This is the rule. For example, if you see pin-up site, you can understand that there you need 100$ deposit to play. And you are sending the money without getting anything. If you even win the match, you are getting money without giving taxes to the government. And if you lose your money, you or your country is not getting anything in return for the money. That means it is a total loss.

 

It increases the national economy

Yes, you have read it right. It decreases as well as increases the national revenue. But it is not going to increases the revenue of your country. The country where the site belongs and is registered, that country’s revenue will go high. You are depositing your money to their bank, you are losing money to them. All the profits for them.

 

It damages the tourism sector

I am not promoting gambling. But some people travel to different places just for joining betting. As a result, hotels, restaurants, and resorts of that place earn revenue from the tourists. But when it comes to an online betting site, there is no physical place. As a result, it has a great impact on the tourism sector of your country.

 

It helps money laundering

And lastly, it helps money laundering. Online is full of frauds and scammers. And when it comes to online sports betting, it is the house of cheaters. You have a huge chance of getting scammed. That means there is a chance that money from your country will go to another country by scamming. Can you imagine?

As you can see, there is a huge impact on the national economy. So it will be a wise decision if you do not go for it.  

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Created on May 7th 2019 18:52. Viewed 339 times.

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