WHO, IN FACT, GAINS FROM GAMBLING: A SHORT ECONOMIC ANALYSIS

Abstract

UDK 343.56:336(497.6)
         794.8:336(497.6)

The article analyses some of the common research findings about games on chance regarding the technological aspect thereof and its impact upon health and it gives somewhat detailed review of the economic effect of the games on chance. This paper presents a short review of the relevant studies as well as a comparison with the condition regarding the problem within FB&H (Federation of Bosnia and Herzegovina). The research is limited within the borders of FB&H and is conducted with the analysis of data in accordance to the classification of business activities in B&H. The results show that games on chance use imported technologies that incite quick, continuous and perpetual betting, designed to result with the greater loss to a player in a long run and causing heavy addiction and loss of the track of time and (lost) money. The problem gamblers, such whose addiction spreads to families and local communities, are the target of gambling companies and businesses, which tend to maximise their profits relying on such particular individuals. When viewed from an economic analytical angle, games on chance achieve higher income per employee and pay lower wages when compared to the average income and wages in FB&H. Profits from games on chance, which in FB&H are having a growing tendency, are not distributed proportionally to the employees in that business sector. Such a situation also adds to the gender inequality and has a negative impact upon local business development.