Legalized Gambling Activities: The Issues Involving Market Saturation

In this article, the author discusses concerns relative to legalized gambling activities and their socioeconomic impacts. Specifically, the article examines the issues involving market saturation. The author suggests that despite increasing concerns about market saturation expressed by individual states and the legalized gambling industry, the enormous size of the Unites States economy renders it unlikely that overall market saturation will occur in the foreseeable future. The author concludes that, as a result, governments will continue to embrace legalized gambling activities for their initial tax revenues, and will ignore the enormous social and economic costs which accompany such activities.