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Many American cities, including Los Angeles, still place their hopes in casinos, regardless of the consequences.

Casinos Help Los Angeles Develop Economically

Gambling in the United States is often considered a tax for the poor because not many low-income Americans dare to entertain into casinos. However, many states in the US are using gambling as an economic development tool.

Lottery and casinos grow

The state-issued lottery began to appear in the United States in the 1960s, and by the late 1980s, most lottery ads emphasized that there were opportunities for players to change their lives.

In 1989, the New York Lottery Company offered an advertisement featuring a couple with eight children living in an apartment, with the ad written in Spanish: "Lottery companies in New York have helped us realize our great American dream". One thing that can attract poor people to gamble and play the lottery is that many of them want to try their luck to find a way to change their lives.

People continue to buy lottery and welcome new casinos to be opened in their area. New casinos have been built in cities, such as Inglewood in California, with Hollywood Park Casino opened in the late 90s.

When Hollywood Park Casino is opened, city officials optimistically anticipate that it will generate up to $10 million in income for the city every year.

Inglewood is one of those places where the economy has no other advantages for growth. When Hollywood Park Casino is opened, city officials optimistically anticipate that it will generate up to $10 million in income for the city every year.

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Then, according to the Los Angeles Times, the casino contributed less than $5 million a year to the city in the first few years after opening. And this number has gradually dropped below $3 million in recent years.

The economic impact of gambling depends a lot on where casinos are being built, says Patrick Pierce, a political researcher and co-author of the book "Gambling Politics: State Governments and Betting Business". He said that casinos, as well as online gambling, have created the tremendous economic benefits that the local economy desperately needs.

Impact on the poor

According to a report on the gambling situation in West Virginia, which Mr. Pierce also co-wrote, the legalization of gambling could further widen the gap between rich and poor. It creates inequality economically because low-income people tend to spend a lot of money on gambling at legal casinos. They only get money back if they win, which is not usually the case.

We can not deny that online gambling like Online Roulette New Jersey created many jobs just need unskilled labor. According to data from the Game Association of America, the total number of jobs in US casinos has increased since 2012, but most of the work is just a low-income job.

The typical lifecycle of a casino's rise and fall can be seen in places like the town of Tunica, in the state of Mississippi, which was once known as a place of poverty.

The town of Tunica opened a casino in 1990, and within a few months, the unemployment rate here (formerly the highest in the United States) was reduced to 4%.

But out of the hundreds of millions of dollars in gambling revenue, only 2.5% is used for social programs. The poverty rate is still high. Then, in 2014, Tunica's largest casino closed, leaving 1,300 people out of work. The unemployment rate increased to 12.3% in the same year.