I know that a lot of people have a serious gambling problem and many other people are on the verge of having a serious problem. Gambling is an unbelievably foolish behaviour and I fail to understand why it is so attractive, yet the casinos are packed, there are lineups to buy lottery tickets, and people waste billions of dollars a year on this pastime. For today's gong show, I am gonging gambling, the gaming industry, and the government for encouraging and operating the defrauding of billions."Canadians lost $14.5-billion to the country's gambling industry in the last fiscal year, a new study has found. The economic report commissioned by the Canadian Gaming Association found the industry made more than $15-billion in revenue last year, including $700-million on non-gambling activities such as food and drinks.
The remaining $14.5-billion constitutes the amount Canadians spent on gambling activities — such as playing slot machines at casinos, buying lottery tickets and placing race track bets — minus the prize payouts. Profits were also found to be massive, pegged at $10.6-billion, including commissions and taxes. Roughly $7.4-billion enriches provincial coffers and $3.2-billion goes to charities.
The gaming industry includes casinos, lottery, horse racing, charitable gaming, bingo, slots and video lottery terminals. The study, conducted by HLT Advisory Inc., found that gaming revenues are on par with profit generated by spectator sports, television, movies, books, magazines and performing arts sectors combined."
To put the $14.5 billion into context, Canadian put $20 billion into mutual funds last year.
Update: Are you a compulsive gambler?
Did you ever lose time from work or school due to gambling?
Has gambling ever made your home life unhappy?
Did gambling affect your reputation?
Have you ever felt remorse after gambling?
Did you ever gamble to get money with which to pay debts or otherwise solve financial difficulties?
Did gambling cause a decrease in your ambition or efficiency?
After losing did you feel you must return as soon as possible and win back your losses?
After a win did you have a strong urge to return and win more?
Did you often gamble until your last dollar was gone?
Did you ever borrow to finance your gambling?
Have you ever sold anything to finance gambling?
Were you reluctant to use "gambling money" for normal expenditures?
Did gambling make you careless of the welfare of yourself or your family?
Did you ever gamble longer than you had planned?
Have you ever gambled to escape worry or trouble?
Have you ever committed, or considered committing, an illegal act to finance gambling?
Did gambling cause you to have difficulty in sleeping?
Do arguments, disappointments or frustrations create within you an urge to gamble?
Did you ever have an urge to celebrate any good fortune by a few hours of gambling?
Have you ever considered self destruction or suicide as a result of your gambling?
Most compulsive gamblers will answer yes to at least seven of these questions. Contact Gamblers anonymous for help.