Deputy PM Wants Football Gambling Legalised

September 29, 2023 | Government

BANGKOK (September 28, 2023) — The statement from Deputy Prime Minister Somsak Thepsutin regarding the legalization of more forms of gambling, including gambling on football, to raise tax revenue is a perspective often debated in many countries around the world. Legalizing additional forms of gambling can indeed generate significant tax revenue for the government. This revenue can then be used to fund various public services, social programs, and infrastructure development.

Legalizing gambling allows for better regulation and control. It can help reduce illegal gambling activities, which may be associated with criminal elements. Regulated gambling also ensures that consumers have some level of protection, and operators adhere to certain standards.

Gambling can have negative social consequences, such as addiction and financial hardship for individuals and families. Therefore, it’s important to strike a balance between generating revenue and protecting citizens from potential harm. The government would need to implement measures to address problem gambling and provide support for those affected

Gambling can be seen as an ethically questionable activity, and some people may have moral objections to its expansion. Policymakers need to consider the moral and ethical implications of legalizing various forms of gambling.

If tax revenue from gambling is earmarked for specific purposes like helping people with disabilities, the elderly, or underprivileged children, it can be a way to mitigate some of the negative social impacts. However, ensuring that these funds are allocated appropriately and transparently is essential.

Public opinion on gambling legalization varies widely. Some people support it as a source of entertainment and revenue, while others oppose it due to concerns about addiction and societal harm. Public opinion should be taken into account in the decision-making process.

The expansion of gambling can have broader economic effects, including creating jobs in the gaming industry and boosting tourism, which can also contribute to economic growth.

Ultimately, the decision to legalize additional forms of gambling should be made after careful consideration of all these factors and should involve public consultation and thorough research. The government should also establish robust regulatory frameworks to ensure responsible gambling and minimize potential negative consequences.

SOURCE: LI Contributor.