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Social Costs of Gambling

Although many studies on gambling have focused on economic costs and benefits, little attention has been given to social consequences. Social costs, by contrast, are largely unmeasurable and cannot be measured. For example, the harm caused by gambling to problem gamblers is not reflected in economic costs. Instead, the harm caused by problem gambling is social rather than personal. In the following paragraphs, we will look at some examples of the social costs of gambling. We will also look at ways to mitigate social costs.

As mentioned above, gambling is an occasional social activity. When done in moderation, it can be considered as an entertainment and novelty. But if an individual is unaware that their gambling has become a problem, it can escalate without their knowledge. This increased exposure to gambling can cause significant stress. However, it is possible to change the behaviour by understanding why you gamble. There are many support organisations for those suffering from gambling problems. These organisations provide counselling and support for the problem gamblers as well as their family members.

Family therapy can help. Family therapy, marriage counseling, and credit counseling can all be useful in helping problem gamblers work through the issues behind their gambling habit. Problem gambling can impact relationships, finances, and career. Therefore, it is essential that you reach out to your family and friends and seek their support and advice. Once you have sought out help, don’t be afraid to make a change. The sooner you start making positive changes, the sooner you’ll be back on track.