The effects of gambling on society and individual health are often overlooked by gambling researchers. While studies of the economic costs of gambling have been performed, little is known about social impacts. Williams et al. defined social costs as those that result in harm to someone, but benefit no one else. The costs of gambling are therefore social rather than personal. The consequences of gambling are a complex issue that requires a comprehensive and detailed study. The goal of this study is to develop a conceptual model for comparing the effects of gambling in society and identifying research gaps.
While betting with money is perhaps the most common form of gambling, it can also be done with items of value. These items include property, money, or even more chances to win the next big game. Courts have also determined that an individual does not have to make a wager in order to be convicted of gambling. This can also apply to a group, provided that some members made bets, even if only in a small amount.
The first evidence of gambling can be found in ancient China. A lottery-like game with a set of tiles was played in the area around 2,300 B.C. Today, gambling is a very popular pastime in the United States. With the proper strategy, it can be a lucrative endeavor. US gaming revenue reached a record of $13.6 billion in the second quarter of 2021. However, there are still a number of risks associated with gambling. In general, gambling can lead to compulsive behaviors, which are difficult to overcome.