WorksheetsThe Economics and Impact of Gambling 12.2
Total questions: 18
Worksheet time: 9mins
Which statement best describes a major historical milestone in U.S. gambling expansion?
Lotteries were first used during the Great Depression era
The Civil War banned all gambling nationwide entirely
The federal government opened national casinos in 1988
Nevada legalized casino-style gambling in the 1940s
What was a key effect of the Indian Gaming Act of 1988?
Allowed tribal casinos across many U.S. states
Ended lotteries in several southern states
Restricted casino gambling to Nevada only
Required casinos to be owned by state governments
Which figure best represents the annual national size of the gambling industry mentioned?
Roughly $26 billion in total wagers
Close to $2 billion in yearly taxes
About $260 billion in overall activity
Nearly $2.6 trillion in yearly profits
In Oklahoma, which statement about tribal gaming employment is accurate?
Fewer than 7,500 people work part-time only
Over 75,000 people hold jobs with benefits
Only seasonal workers are hired without benefits
Most positions are unpaid volunteer roles
What share of Oklahoma’s overall economy is estimated to be from tribal gaming?
Roughly 0.25 percent of total state activity
About 2.5 percent of state economic output
Nearly 25 percent of all state production
Close to 50 percent of government revenue
Which statement best captures a commonly cited benefit of legalized gambling?
Generates jobs and tax revenue for communities
Guarantees higher wages for every resident
Prevents economic recessions from occurring
Eliminates state budget deficits permanently
Which outcome is associated with compulsive gambling according to recent studies?
Most compulsive gamblers increase savings rapidly
Nearly everyone improves credit utilization
About one-fifth file for bankruptcy eventually
Almost none experience any job losses
How can gambling expenditures affect household finances for many families?
Guarantee higher returns on monthly savings
Increase ability to cover rent and utilities
Reduce ability to pay bills or save money
Protect families from any financial emergencies
Why are state lotteries often labeled a regressive tax by critics?
Lower-income households spend a larger income share
Higher-income households are barred from purchasing
Lottery prizes are taxed at progressive tax rates
Tickets are free only for middle-income players
Which factor makes online gambling particularly high risk?
Mandatory spending caps enforced on all sites
Strict uniform federal rules protect every player
Guaranteed anonymity and unlimited free credits
Uncertain legality and varied regulation across states
A college student bets on sports with friends using an app. Which classification fits this activity?
Investment product insured by federal banks
Savings plan encouraged by state law
Casual recreation with zero financial risk
Form of gambling that can be addictive
A policymaker wants to boost jobs while limiting social costs. Which balanced approach aligns with the material?
Legalize gambling with safeguards for problem help
Ignore regulation and rely on voluntary pledges
Ban all casinos and lotteries without alternatives
Subsidize gambling losses for addicted players
Which guideline best helps prevent overspending while gambling?
Set a time limit and stick to it every session
Stay until you recover all previous losses
Borrow money to extend play when near limits
Treat winnings as guaranteed income every session
What is the recommended mindset for money lost while gambling?
Assume losses mean the game is unfair
Treat losses as temporary until a big win
View losses as debts that must be repaid
Consider losses as the cost of entertainment
When you reach your pre-set gambling limit, what should you do?
Switch games to try different odds
Play smaller bets to stretch your budget
Leave immediately whether winning or losing
Increase the limit if you are winning today
Which action increases the risk of problem gambling?
Accepting losses as part of the game
Borrowing money to continue gambling
Considering winnings only as a bonus
Setting a dollar limit for total play
Why is gambling a financial risk?
Money is risked on uncertain outcomes
Lotteries guarantee break-even over time
Outcomes are certain and predictable
Bets are insured against losses
Which resource is suggested if someone may have a gambling problem?
Credit card customer service desk
Oklahoma Problem Gambling Help Line
Local tax office information line
State lottery prize claims hotline
