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Gambling with our future? The benefits and costs of legalised gambling in Uganda Authored By: EPRC Uganda April 23, The overwhelming proliferation of lottery, casinos and sports betting in Uganda has seen the gambling industry develop in terms of penetration and revenue generation.
Gambling related tax revenue has increased by about thirty-fold over the past decade, from UGX 0. As the government continues to search for more financing options for the national budget, the gaming industry is fast being recognised as one of the more underutilised potential tax bases. In contrast to the welcome revenue and taxes, gambling is also associated with undesirable socio-economic problems, which makes it particularly problematic for policy makers.
Excessive gambling can result in financial family distress, and can be a trigger for other negative externalities on communities like increased crime and higher individual debt. Consequently, there is an increasing need to find the balance between capitalising on potential revenues while also curbing socio-economic Legalized Gambling Research Paper. However, as the gambling industry continues to flourish in both pervasiveness and popularity, it is becoming increasingly evident that several facets of the current laws and regulations are significantly out-dated with the introduction of new games and Shakespeare Love Essays. With the relatively weak regulatory framework and inadequate capacity of the NLB to regulate all gambling and betting activities in the country, efforts are underway to amend the current laws and to establish the National Lottery and Gaming Board to comprehensively regulate the industry and raise revenue.
Socio economic effects of gambling More often than not however, the push to legalise and regulate gambling is primarily driven by the will to enhance tax revenues and not the need to control and curtail the resultant social costs. This Legalized Gambling Research Paper underpinned by the thinking that the generated revenue represents a significant net social gain. Other than the prospective revenue gains, development of the gambling industry has the potential to increase employment opportunities through direct employment at gaming venues and indirectly through gaming related sectors. However, most jobs at gambling venues are low paying and part time positions and generally require skills like accounting, computer operations, card dealing, crowd control, security etc.
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In addition, the skills requirements would exclude rural less skilled dwellers from employment http://pinsoftek.com/wp-content/custom/human-swimming/role-of-moral-development-in-antigone.php the industry. Furthermore, gambling has a differential financial impact on people of different socio economic levels. It islargely economically Legalized Gambling Research Paper and thus poses particularly different Reseqrch in developing economies. Only research can ascertain whether this phenomenon holds for Uganda.
Critical need for research to analyse the benefits and costs of gambling in Uganda As the debate on the economic viability of gambling and its effect on the society continues, the Economic Policy Research Centre EPRCis currently undertaking a study to investigate the applicability of lottery and gaming in the Ugandan context and its socio-economic implications. The findings of this study will inform the policy formulation in the gambling industry in Uganda.]
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