What are the impacts of gambling on the economies of nations?

Perhaps if done irresponsibly, purchasing power of people affected could nose dive and this could worsen quality of life and reduce GDP per capita. Just thinking about this off the top of my head 

I don't think it impacts the economy significantly to make major swings. It generates jobs though which adds value, creates a lot of opportunity for cash transctions which might count for something, not too sure. Would love to hear others take on this.

@facebook-anikeadaeze Nah, it affects economics of a nation very well.

Why do you think gambling is not allowed in some places and any other place where it's allowed it's "regulated" ?

I think it would affect the nation's economy well if done right. Gambling and casino can result in job opportunities and earnings for the country. We know how big and popular gambling is so its a good choice to boom an economy

I think gambling and casinos also influence tourism. Eg: Las Vegas, Macao, Monaco etc. Increased expenditure by the tourists in these places definitely has a positive impact in the economy. From gas consumption to other indirect services that facilitate one having a good time when gambling coupled with the direct spending of money in casinos, job creation etc. I think all these factors positively influence an economy. 

The positive impact of gambling on the economy is that the government earns taxes that it can use to provide social services to its citizens. Another positive is that the gambling economy also creates employment both directly and indirectly.
The downside is that it comes with a social cost. Issues arising from gambling include addiction, breakdown of families, crime, money laundering, and human trafficking, among other vices.

The capability of the gambling business to generate tax revenue is a critical economic benefit, allowing increased government investment in essential services and infrastructure. 

@divine i second this!

i think it brings a very positive impact to the nation's economy. In fact, Cambodia has a very massive growth in the past 2 years due to their online gambling business 

@heyitsky This makes sense. gambling creates job opportunities and that's a positive.

@facebook-skibidirizz ooh. That's very interesting. Cambodia should be a case study for this.

@hildaw ahh, taxes. That's a huge one and I agree, those taxes then are used to finance government projects that will benefit the citizens.

@divine tourism is such a great point.

@django would you say it has its benefits and negatives? Like why would gambling be prohibited if it has the ability to benefit a country?