Introduction
"I love this post I just lifted from another blog of mine; relate it with that if gambling is bad for the economy, then how much is it filthy before God."
Read the following verses:
Proverbs 13:11
Wealth gained hastily will dwindle, but whoever gathers little by little will increase it.
1 Timothy 6:10
For the love of money is a root of all kinds of evils. It is through this craving that some have wandered away from the faith and pierced themselves with many pangs.
Hebrews 13:5
Keep your life free from love of money, and be content with what you have, for he has said, “I will never leave you nor forsake you.”
1 Timothy 6:9-10
But those who desire to be rich fall into temptation, into a snare, into many senseless and harmful desires that plunge people into ruin and destruction. For the love of money is a root of all kinds of evils. It is through this craving that some have wandered away from the faith and pierced themselves with many pangs.
Gambling has a long history and can be traced from time immemorial. In Kenya, it has attacked the economy by surprise while gambling side effects might not be popular, I want to explain the way I see it.
The economy is as delicate as an egg, something that might not be so big and might be neglected by many can produce huge set back to the performance of an economy in any country. We have seen how economies of the world tumble by just a minor trend. To further show how economic statutes fear the gambling effect; in 2014, the US government analyzing it discovered that the casinos in the country were larger than even the airline industries; almost every US were giving back part of their income for the revenue of the casinos. In Kenya, the local dailies reported that Sportpesa alone earns over three billion per month.
Effect
The impact of the huge income earned by the betting companies indicates how much the economy loses every day. I would like to compare it with a donation situation where everybody contributes part of their hard-earned income to a single person who then uses 10% to reward only one person out of the millions who donated. The individuals go at a loss while accumulating wealth into one hand thereby unfairly distributing wealth in the economy.
another betting effect in the economy is that the gambling companies usually like investing abroad. In these situations, they take out locally earned monies and use in promotions elsewhere. Well, this might be good for the company or the economy if the businesses bring back foreign incomes but that is not usually the case since the businesses usually make somewhat huge losses that they offset by local incomes. For instance, Sportpesa a betting company in Kenya which is actually the largest in Africa has invested massively in England sponsoring premier league giants like Everton, Arsenal and Hull City; in Spain too sponsoring a number of teams. These profits are withdrawn from circulating in the Kenyan economy to other countries.
Another very important point is that betting has an addiction. In a personal level of everyone, usually gambling for a period of time comes with an addition i.e “let me recover my money or one day I’ll with the millions!” When one is already addicted, it becomes very difficult to get our no wonder the companies enjoy massive profits. Moreover, the addicted individuals take much time on gambling websites while they should have been doing jobs that are productive to the economy. Even resting is good for the economy since it freshens them for job time where they will perform better.
Conclusion
In conclusions, I beseech everyone to come out of gambling and concentrate on positive ways of building the economy. The Kenyan tenth parliament tried putting strict measures for gambling in the country but couldn’t quite bite enough. An economy without gambling means all the money one receives will be used in more productive things that grow the economy. I’m saying this because some Kenyans earn as low as Ksh 150 a day and you find that instead of supporting their families by buying them “mbogas” from the mama mboga to grow the economy, they will gamble at least half of the money if not all.
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