What Are the Impacts of Gambling?

Gambling is an activity in which someone places something of value (such as money or a prize) on a random event that has an uncertain outcome. It is commonly a recreational and social activity that can have negative and positive impacts on gamblers, their significant others and society/community. The impact can be measured in terms of costs and benefits at personal, interpersonal and community/societal levels. Financial impacts are changes in gambling revenues, economic growth and changes in the cost or value of goods and services. Labor impacts include changes in wages and working conditions and well-being impacts include physical, psychological and social health and well-being.

Whether you are in a casino, watching a game or online, you need to think about the risks and rewards before you place your bet. You need to decide how much money you want to risk and choose the amount of time you are willing to spend gambling. Remember that the most important step in overcoming a gambling problem is admitting you have one.

If you need help, there are many options for treatment. Psychotherapy can teach you skills to manage your gambling behavior and change unhealthy thoughts and emotions. It can also help you strengthen your support system and create new social activities. If you have a gambling disorder, it is important to get help right away, before the problem gets worse. Get matched with a therapist now. It’s free, confidential and fast.