“Gambling” is the wagering of money or property on the outcome of a game or event that is largely random with the intent to win more money or property. “Gaming” refers to the industry created by the activity of legal gambling. Examples of gambling and gaming include lotteries, poker and other table games, slot machines, other casino games, horse racing, and online gambling. In 2009, the global legal gambling market was worth over $335 billion, with lotteries and casinos generating most of that revenue. Proponents of gaming argue that the industry generates much-needed revenue for state and local governments and provides psychological benefits. However, critics claim that gaming is addictive, provides few societal benefits, and drains resources from society.
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