While gambling is a popular leisure activity in most countries, it also has considerable social and economic consequences. Gambling impact studies can help policymakers and researchers compare different gambling policies to determine which will reduce costs and increase benefits. These studies usually focus on the economic impacts of gambling, as these are the most obvious consequences. However, there are also social impacts, such as those that affect people’s health.
The impacts of gambling can vary based on the severity of the problem. Problem gambling can impact individuals and their families. Gambling activities can take time away from other activities, such as work or leisure. Problem gambling can also have major social and financial consequences, including social care costs. Further, the costs associated with problem gambling can affect the whole community and economy.
Gambling activities are usually regulated by the Gambling Commission. While gambling activities are typically associated with wagering money, nonwagering activities are also part of the gambling industry. In 2009, the legal gambling market in the UK was valued at $335 billion. Other types of gambling include marble games, Magic: The Gathering, and other collectible games.
Problem gambling can have a major effect on employment. It can lead to decreased productivity, poor working relationships, and even termination. In fact, 40% of problem gamblers reported that their gambling negatively affected their job performance, and 61% reported missing work because of it. Moreover, the problem gamblers evaluated their work performance due to distraction and fatigue.