Gambling
- Entry
- Reader's Guide
- Entries A-Z
- Subject Index
-
Gambling is an activity in which a consideration (something of value) is paid in return for a hopedfor prize (also something of value), the acquisition of which is contingent upon chance (the outcome of a random event). The elements of a lottery and gambling are the same, so that legal prohibitions against lotteries are also prohibitions against wagering and gambling. Investment activities, also involving risk, differ from gambling because investors avoid risk where possible and earn a positive net return on average. In the United States, all states had criminalized gambling—threefourths by constitutional provisions—by 1910. The only active gambling was horse racing on a few tracks in two states. Nevada reversed itself to allow casinos in the 1930s, as did other states in the 1990s.
If ...
-
-
- A
- B
- C
- D
- E
- F
- G
- H
- I
- J
- K
- L
- M
- N
- O
- P
- Q
- R
- S
- T
- U
- V
- W
- Z
-
166122- Loading...
Similar content on SAGE Knowledge
Loading content...Keywords
Also from SAGE Publishing
- CQ Library American political resources opens in new tab
- Data Planet A universe of data opens in new tab
- Lean Library Increase the visibility of your library opens in new tab
- SAGE Journals World-class research journals opens in new tab
- SAGE Research Methods The ultimate methods library opens in new tab
- SAGE Stats Data on demand opens in new tab