Most Americans appear to enjoy gambling. Opportunities abound, ranging from state and interstate lotteries, to traditional contests of horses and greyhounds, to all manner of casinos, whether on land or water or on the Internet. However, although more and more consumers embrace this new freedom to wager, others insist that there is cause for serious concern. Fearing an outbreak of compulsive gambling, they have lobbied lawmakers to intervene to prevent a further proliferation of gambling outlets and to roll back those that currently exist. Their lobbying has raised a number of questions, among them: Should gambling be permitted at all? If so, which forms of gambling are acceptable? Finally, if gambling is to be tolerated, should it be regulated and how?

Legalized gambling has become one ...

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